If you have been eyeing that dream car since the beginning of the year, Diwali is the time to make it yours. If a brand new car is out of your budget and you have done enough research on used cars, you can opt for the latter and be amazed at how beneficial it can be.
Mahaveer Finance offers attractive loans for used vehicles at affordable interest rates, flexible loan tenures, and low processing charges. There is no limit on the age of the car, however vehicles older than five are charged at a higher interest rate. The fixed rate of interest charged by Mahaveer Finance on used car loans is 12% to 13%. You can a get loan amount of up to Rs.10 lakh for a loan tenure from one to four years. The financing institution charges a processing fee, which is 1% of the loan amount and pre-closure charges at 2% of the financed amount. There is no guarantor required for taking a used car loan from Mahaveer Finance.
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