Used Car Loan - VFPL CAPITAL
Nowadays, availing a?used car loan?has become a very common affair - you can easily get the sanctioned loan amount disbursed to your respective bank accounts from the comfort of your own house. Availing of a second-hand car loan is simple and convenient. All you need is to verify the eligibility criteria if you fall under, in order to avail a used car loan. There are very few conditions required to avail finance a second-hand car. The loan amount is sanctioned to salaried employees, self-employed people or agriculturists. The individual should be between the age of 21 to 65 at the time of application and at the end of the loan tenure, respectively. The minimum net salary should be INR 20,000, or the net profit should be at least INR 2,00,000 per annum. Work Stability – The applicant must have a stable employment status for a minimum of one year or stable business status for a minimum of three years.
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Individuals who are self-employed or business owners who have taken a used?vehicle loan for commercial purposes?can also enjoy tax benefits on a car loan for reducing the taxable income by the amount of interest that they pay in a year. However, the same tax benefit due does not apply to salaried employees. When it comes to the benefits of a used car loan, there are arrays of benefits available that an individual can get.
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??Flexible Repayment Options
??Attractive Interest Rates
??Quick Approvals
??Easy Documentation
VFPL is one of the most respected and well-known names as the loan service provider in the market. VFPL with its comprehensive array of services helps its clients in arranging funds in the required time. It is not always possible to have the required amount of money for a certain purchase or to do certain things. Saving money no doubt is very important but the saved amount does not always serve the purpose. One needs to rely upon additional borrowing in such a scenario to get the required fund in the stipulated time. The best way of borrowing is considered through banks or other financial consultancies such as VFPL capital as they are secured and organized.