Used Car Loan Interest Rates

6 months ago, Thu, Sep 21, 2017, 02:23:49
With the growing market of preowned cars, the finance for used car loans is easily available now. It is extremely important to choose the right car for your needs. Banks and Financial Institutions like Hero Fincorp offer loans at a competitive interest rate and a flexible repayment tenure. The used car loan interest rates vary from institution to institution and range between 9.20% to 20%. A loan amount of 60% of the value of the used car is usually approved by the financial institutions.