We are one of the leading providers of used used car loan in Kochi |Kerala, with a wide range of services and flexible options to meet the needs of our customers. Our goal is to provide the best used car loan services to our clients and help them purchase their dream vehicle with ease.
We offer our used car loan services in several locations across India. Places we provide used car loan in Kerala :
Used car loans we provide in other cities :
We partner with some of the best used car loan providers in India to offer our customers a variety of options and competitive rates. Our team works tirelessly to provide you with the best possible car loan experience and make the process of obtaining a car loan as simple and stress-free as possible. So, if you are looking for a car loan in India, look no further. Get in touch with us today to learn more about our used car loan services and how we can help you achieve your financial goals
Your very own vehicle would imply that you don’t need to rely upon anybody while attempting to go anyplace. It would likewise make you look that a lot cooler among your companions and capable among the older folks. At last, having your very own vehicle is an enormous advance throughout everyday life.
After constantly and exertion you have put in at work, you merit a little self-spoiling right? The main issue is that buying a vehicle is no little purchase. The all out expense can come up to a significant sum, particularly on the off chance that you go for a spic and span vehicle.
Numerous specialists propose that purchasing a second hand vehicle is a savvier speculation since autos devalue so rapidly, and the devaluation is steepest in the initial couple of years. That implies that in the event that you purchase a second hand vehicle, you will pass up this lofty devaluation. Furthermore, second hand vehicles are a lot less expensive than first hand cars. That implies that you won’t consume a colossal gap in your pocket to have your very own vehicle.
Owning a car is no longer a luxury but a necessity, providing convenience and enhancing mobility in our daily lives. Cochin Financial Services understands the aspirations of individuals like you who are seeking to purchase a pre-owned car and offers tailored financing solutions through their used car loan program.
The key highlights and benefits of the used car loan provided by Cochin Financial Services:
Cochin Financial Services is committed to helping individuals in Kochi, Kerala fulfill their dream of owning a used car. With our customer-centric approach and comprehensive range of loan offerings, we strive to make the entire process hassle-free and convenient for you.
If you have any queries or would like more information regarding the used car loans provided by Cochin Financial Services, please do not hesitate to contact our friendly and knowledgeable team.
All loans are not created equal, Loans has become a great option for people to use.
Age of the Applicant
Age of the Vehicle
Please note that the eligibility criteria may vary from lender to lender and hence, it is a good idea to check for the same with the respective lenders.
If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.
Your bank will assess your repayment capacity while deciding the home loan eligibility. Repayment capacity is based on your monthly disposable / surplus income, (which in turn is based on factors such as total monthly income / surplus less monthly expenses) and other factors like spouse’s income, assets, liabilities, stability of income etc.
The main concern of the bank is to make sure that you comfortably repay the loan on time and ensure end use. The higher the monthly disposable income, higher will be the amount you will be eligible for loan. Typically a bank assumes that about 55-60 % of your monthly disposable / surplus income is available for repayment of loan. However, some banks calculate the income available for EMI payments based on an individual’s gross income and not on his disposable income.
The amount of the loan depends on the tenure of the loan and the rate of interest also as these variables determine your monthly outgo / outflow which in turn depends on your disposable income. cfs provide used car loan in Kochi |Kerala-2023.
You repay the loan in Equated Monthly Installments (EMIs) comprising both principal and interest. Repayment by way of EMI starts from the month following the month in which you take full disbursement.
The longer the tenure of the loan, the lesser will be your monthly EMI outflow. Shorter tenures mean greater EMI burden, but your loan is repaid faster. If you have a short-term cash flow mismatch, your bank may increase the tenure of the loan, and your EMI burden comes down. But longer tenures mean payment of larger interest towards the loan and make it more expensive.
Yes, most banks allow you to repay the loan ahead of schedule by making lump sum payments. However, many banks charge early repayment penalties up to 2-3% of the principal amount outstanding. Cochin finance provide best used car loan in Kochi |Kerala-2023
Prepayment penalty may vary according to the reasons and source of funds – if you obtain a loan from another bank for pre-payment the charges are usually higher than when you pay from your own sources. However, you may credit more than your EMI amount into your loan account on a periodic basis and bring down your interest burden as and when funds are available with you.
Most banks do not charge a pre-payment penalty if you deposit more than your EMI payable on a periodic basis. Please check such stipulations while availing the loan. cfc is the used car loan in Kochi |Kerala .
Now apply for a Loan online, All you need to do is provide your details below application form.