1.What is K2D Finserv app?

A: K2D FinServ is an App that Connects you to your nearest financier for the loan on various Used vehicles.

2. What are the vehicles covered under this app?

A: Loan on the following vehicle are arranged in this app

  • Two-wheeler
  • Three-Wheeler (Auto Rickshaw)
  • Car (Yellow Board or Own Board)
  • Commercial Vehicle
  • Goods Vehicle

3. What are the types of Loan available for used vehicles in K2D Finserv?

A: There are two types of Used Vehicle loans:

  1. Pre-Owned Vehicle loans

Pre-owned Vehicle loans are those were Borrower need not pledge the vehicle to Lender/Financier, Borrower can use the vehicle throughout the tenure of loan. Original Registration Certificate will be hypothecated with Respective RTO in favour of the Lender. This helps the Borrower to meet his urgent financial shortfall. (Basically it’s a form of Personal Loan).

  1. Loan for Buying Used Vehicle, locally called as Second hand Vehicle Finance.

This is nothing but loan required at the time of buying a second hand or used vehicle from any shop, Local Agents or Friends or relatives. Borrower generally gets Up to 70 % of loan on Market Value of Vehicle. 

K2D Finserv connects you to financers near you to avail such Loan. as It’s time to move on wheels and enjoy the joys of owing a vehicle with K2D Finserv’s Used vehicle loans.

4. Does User have to Pay any Mediator Fee?

A: No, as of now the K2D Finserv app does not charge any amount for its services provided to the users and its completely free. Users smile is our motivation and users 5 Stars reviews are our wealth. 

5. I don’t have CIBIL, can I still apply for loan?

A: Yes, since the loans are provided by the private financiers, CIBIL is not checked before approving the loan. But they may check on High Value Loans. Its Depend on Financier to Financiers.

6. Is it possible to get a vehicle loan without proof of income?

A:Yes, as users are not required to submit any proof of income to the financiers, however financiers might ask for the satisfactory reply form you to assess your Income.

7. What are the eligibility parameters in K2D Finserv for a vehicle loan?

A: To apply loan on Used Bike/Car/Auto/Goods Vehicle, you need to be at least 21 years of age. 

K2D Finserv helps to obtain Used vehicle loans to both salaried and self-employed professionals and other individuals. Used vehicle loans are available for vehicles that are up to 10 years’ old. If you meet all the conditions, you can apply for loan at your fingertip and can later visit the respective financials office

Our mobile app can be downloaded from the Google Play store or Apple App Store and use it to apply for loan with your respective personal details.

8. How long does it take to process a vehicle loan?

A: At K2D Finserv vehicle loans can be applied in less than 5 mins. All we need from you is your KYC documents and vehicle details.

9. What are the necessary conditions to get a Used vehicle loan?

A: Obtaining a Used vehicle loan with K2D Finserv is easy if you meet the below conditions. These are:

  1. You should be at least 21 years’ old 
  2. On Vehicles that are up to 10 years’ old.
  3. You will need to provide proofs of identity/proof of address.

10. Can I check my vehicle loan eligibility online? Is it also possible to receive an approval online?

A: Yes, all you need to do is fill out your basic details in K2D Finserv user App and multiple financiers will contact you. All this can be done by just few clicks in the app.

11. Are there any benefits of taking a Used vehicle loan from K2D Finserv App?

A: A Used vehicle loan with K2D Finserv is hassle-free and easy to obtain. Our Financiers offer the following benefits to our customers:

  1. Apply within 5 minutes 
  2. Loan available from nearest Financiers of your residence 
  3. We Arrange finance up to 70% of the Market value
  4. As the loan is disbursed from private financiers its quick and easy
  5. Ability to purchase a vehicle of up to 10 years’ old
  6. Friendly terms that cater to both salaried and self-employed individuals
  7. Easy repayment in EMIs due to flexible tenure
  8. No need for a security or a collateral

12. Whether I have to provide any security for the vehicle loan?

A: No, you do not need to provide any security or collateral for securing a pre-owned /Used vehicle loan. Your vehicle is hypothecated to respective Financier during the loan tenure and acts as a security for the loan.

13. Do I have to visit any office to apply for a loan?

A: No, you can just Download the K2D Finserv User App and apply for the loan from your mobile. Once your Loan is approved you can visit the office of the approved financier.

14. Do I Have to Visit office once the loan is approved?

A: Yes, once the loan is approved by a financier and accepted by the applicant, the applicant have to visit to the financiers office to close the deal. 

15. What are the documents required for a used vehicle loan?

A: You only need a photo of vehicle and Aadhar card to apply for a loan with K2D Finserv App.

Upon approval from a financier, documents required for a used vehicle loan by private financiers are easy to obtain and can be simply self-attested. After you submit the used vehicle loan documents, financiers will process your application. Documents required for a used vehicle loan are listed:

  1. Aadhar Card
  2. Voter ID / Driving Licence
  3. Ration Card
  4. Latest Month Gas Bill
  5. Passport Size Photos (8 Copies)
  6. All the above details are required for both hirer and guarantor
  7. Bank Passbooks and Cheque leaf’s may be required
  8. Vehicles Original Documents, 
  9. NOC, 
  10. Previous Owner Transfer Papers
  11. Duplicate Vehicle Key

16. How do I repay my vehicle loan?

A: As the finance is provided by private financiers, payment can be made through various methods mentioned below:

  1. Visiting the financier’s office and make the payment
  2. Various Wallets like G-Pay, Paytm, PhonePe etc
  3. Alternatively, you can use the payment gateway available in K2D Finserv App

17. Can I repay the loan before the expiry of the tenure?

A: Yes, you have the option to repay the entire loan amount before expiry of the loan tenure by simply visiting the financier’s office. And if its meeting few Condition you may enjoy the waiver of huge Interest.

18. Is it Possible to Pay EMI by this app?

A: Yes, K2D Finserv App provides the payment gateways for the monthly EMI Payments through the App.