Personal Loans For Secondhand Car
Bajaj Finserv Personal Loan for Pre-owned Cars
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Personal Loans For Secondhand Car
The maximum APR, (including the interest rates plus fees and other costs) is 32%. Subject to lender-approval.
Loans include a minimum repayment plan of 12 months and a maximum repayment plan of 30 months.
Loan Amount: $7,000.00, Annual Percentage Rate: 11.90%, Number of Payments: 30, Monthly Payment: $261.00, Total Amount Payable: $7,833.00
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If you borrowed $2,000 over a 12 month period and the loan had a 3% arrangement fee ($60), your monthly repayments would be $189.12, with a total payback amount of $2,269.44 which including the 3% fee paid from the loan amount, would have a total cost of $329.44. Representative 29.82% APR.
If you borrowed $5,000 over a 48 month period and the loan had an 8% arrangement fee ($400), your monthly repayments would be $131.67, with a total payback amount of $6,320.12 which including the 8% fee paid from the loan amount, would have a total cost of $1,720.12. Representative 18.23% APR.
The following statement provides information about General Loans, APR, Loan Resumptions and Loan Payment Terms. Please read it carefully.
ARE THERE ANY FEES?
Our services will always be provided free of charge, but that is not to say that the lender will give you a loan for free. Your lender will charge you fees and/or interest and must provide you with full disclosure of their loan terms upon approval. It is then your responsibility to read through the terms before signing your loan agreement.
WHAT IF I NEED TO MAKE A LATE PAYMENT?
Late Payment penalties differ from lender to lender. Lenders may be forgiving if you contact them directly, though some may automatically add a fee if it is in their agreement. For more information, please contact the lender directly if you have any issues repaying your loan.
Please review our site for valuable information about our services. If you have further questions, we invite you to contact us at anytime. We look forward to helping you solve your financial troubles.
WHEN DO I REPAY THE LOAN?
Loan repayment terms differ by lender. Thus, it is important to check the loan agreement from your lender for information on the lender’s repayment terms.
IMPORTANT CUSTOMER INFORMATION
Personal loans differ from other types of loans, such as home mortgages or automobile loans. Specifically, personal loans allow you to spend your money in a number of different ways, whether it’s to help pay off medical expenses, make home improvements, repairs to your vehicle or consolidate your debts. A personal loan is paid back to the lender over a set period of time. Fill out the form and see just how much money you can borrow from the comfort of your own home. It’s as easy as that!
WHAT IS A PERSONAL LOAN FOR?
People get personal loans to help with home repairs, unexpected expenses, holiday shopping, and more. Such a loan from one of our lenders can help you get the cash you need! Just fill out our Online Form. Follow the short process and if you are approved, receive your cash loan!
Annual Percentage Rate (APR) is a measure of the cost of credit, expressed as a nominal yearly rate. It relates to the amount and timing of value received by the consumer to the amount and timing of payments made. We cannot guarantee any APR since we are not a lender ourselves. An APR can generally run between 6% up to 35%. Loan products general have a 2-month minimum repayment term and a 84-month maximum repayment term. Before accepting a loan from a lender within our network, please read the loan agreement carefully as the APR and repayment terms may differ from what is listed on this site.
We have NO involvement in the debt collection process. As part of the lending agreement provided to you by the lender, they will disclose their debt collection practices. If you have any collection questions, please contact the lender for complete details. We only work with reputable lenders who use fair collection practices.
Loan Renewal Policies
Prior to accepting any loan offer, you will be presented with any loan renewal options by the lender. Carefully review the policy before accepting or electronically signing any loan documents. Note, state regulations can determine lender’s renewal policies to a significant extent.
Loans include a minimum repayment plan of 2 months and a maximum repayment plan of 84 months. Before accepting a loan from a lender within our network, please read the loan agreement carefully as the APR and repayment terms may differ from what is listed on this site.
Lender-approval and loan terms will vary based on credit determination and applicable state law – they may offer loans with fixed rates from 6% to 35% APR. The lender’s approval process may take longer due to additional documents being requested.
Car loans aren’t the only way to finance a car. When you’re looking for a convenient and easy way to buy a car, a personal loan may offer a few extra conveniences you won’t get with a car loan.
Used car loans vs new car loans. In most cases, the biggest difference between a loan for a used car and a loan for a new car is the rate of interest you’ll be paying – you’ll likely pay more in interest for a used car loan than a new car loan.
Customers do not have to go through the added hassle of getting a personal loan or a used car loan from banks as they take days to process the application. As for secondhand car loans from banks, they usually fund only Certified Pre-owned Cars and such loans are usually secured in nature.
Unlike auto loans, personal loans are unsecured, meaning that the lender cannot take your car if you fail to pay back the loan. This typically comes with the tradeoff of higher interest rates and stricter credit requirements. Personal loans can typically be secured with a credit score of 580 or higher .
If you need finance to buy your car, a personal loan or bank loan from a bank or building society can be one of the cheapest ways of borrowing the money if you can get a good rate. But remember to look into the pros and cons of personal loans first. Read on to get the facts you need. Important points to consider; Pros of personal loans