Used Car Loan

Who it's for

  • Individuals planning to purchase a pre-owned or used car
  • First-time car buyers looking for an affordable option
  • Families looking for a budget-friendly vehicle purchase

When to Choose

  • When upgrading from a two-wheeler to a four-wheeler
  • When you want quick financing for a second-hand vehicle
  • When maintaining savings while buying a used car

Key Features

  • Flexible loan tenures for easy repayment
  • Quick loan approval and fast disbursement
  • Loan amount based on the vehicle’s market value

Eligibility

  • Applicant must be 18 years or older
  • Salaried or self-employed individuals
  • Stable and regular source of income

Documents Required for Used Car Loan

Required Documents
Proof of Identity (Passport / Voters ID card / Driving License / PAN Card)
Copy of PAN Card
Latest photo of the applicant
Income Proof (Salaried): Salary slips for the last 3 months, last 6 months salary account statement, Form 16 or ITR for the last 2 years
Income Proof (Self-Employed): ITR for the last 2 years, audited Balance Sheet and Profit & Loss statement for 2 years, and 6 months bank statements
Vehicle Documents: Copy of the Registration Certificate (RC) and seller documentation
Vehicle Loan Statement

Max Loan Amt.

Upto ₹75L

Rate of Interest

10.75%-28%

Tenure upto

Upto 5 Years

Processing Fee

Upto 2%

Max Loan Amt.

Upto ₹75L

Rate of Interest

10.75%-28%

Tenure upto

Upto 5 Years

Processing Fee

Upto 2%

Max Loan Amt.

Upto ₹75L

Rate of Interest

10.75%-28%

Tenure upto

Upto 5 Years

Processing Fee

Upto 2%

Max Loan Amt.

Upto ₹75L

Rate of Interest

10.75%-28%

Tenure upto

Upto 5 Years

Processing Fee

Upto 2%

Max Loan Amt.

Upto ₹75L

Rate of Interest

10.75%-28%

Tenure upto

Upto 5 Years

Processing Fee

Upto 2%

Max Loan Amt.

Upto ₹75L

Rate of Interest

10.75%-28%

Tenure upto

Upto 5 Years

Processing Fee

Upto 2%

Max Loan Amt.

Upto ₹75L

Rate of Interest

10.75%-28%

Tenure upto

Upto 5 Years

Processing Fee

Upto 2%

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