Use CAR Loan – 1 Rupay

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Used CAR Loan EMI Calculator
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Get Used Car Loan with a Hassle-Free Experience

Buying a car is an overwhelming experience that you should enjoy without compromise. With us Pre-Owned Car Loan, you can get the used car of your choice. It makes buying your dream car affordable and convenient. Our convenience-first features help you avail loan up to ₹ 75 Lakh.

The loan process is optimized to deliver a quick and hassle-free experience. You can easily qualify for the sanction with our easy requirements. With us Pre-owned Car Loan, you can get instant approval and tailored repayment to suit your requirements. Our relationship manager guides and assists you in buying a Pre-Owned Car of your choice without any stress.

Interest Rate, Schedule of Charges & Other Features of Used Car Loan

Pre-Owned Car Loan Interest Rates	11% p.a onwards
Loan Amount	₹1 Lakh – ₹75 Lakhs
Loan Processing Fees	Up to 1% plus applicable taxes
Lowest EMI per month	Starting from ₹1903* per Lakh for 72 months
Loan Tenure	12 – 72 months
Prepayment/Foreclosure Charges	0%* If paid from own sources. 4% of the outstanding loan amount plus taxes if paid from other sources
Late Payment Charges	3% per month
Cheque Bounce Charges	₹1000 per bounce plus applicable taxes
Stamp Duty	At actuals (as per state)
No Other Hidden Charges

Interest Rate

APR starting from 11%* p.a. | One-time Processing Fee of up to 1% of sanction amount.

Repayment

Flexible repayment tenure from 1 year to 6 year with 0% foreclosure charges if paid from own sources and 5% foreclosure charges on the outstanding loan amount plus taxes if paid from other sources.

Example

Loan Amount ₹10 Lakh, Interest Rate: 11%, Tenure: 5 years, equates to EMI of ₹21,742 per month.

* T&C Apply

Major Advantages of Our Used Car Loan

The experience of buying a car is one that you’re sure to remember for years to come. Achieving this goal is a complex endeavor, but with our Pre-Owned Car Loan, we can assure you of a memorable experience. Our loan is designed to cater to your needs with features that complement every stage of the process. You can apply online in just a few minutes, get instant approval, and enjoy hassle-free disbursement.

	High Loan Amount Find the car model of your dreams and make the purchase a reality with our Pre-Owned Car Loan. Get up to ₹75 Lakh as a sanction and move a step closer to owning a pre-owned car of your choice.
	Loan up to 100% of car value We ensure that you get the car you want without any compromises. With our offering, you can avail up to 100% of the car’s value in funding to achieve your goal of buying a car.
	Attractive Interest Rates Keep costs in check and get pocket-friendly repayment terms thanks to our low-interest rates. With one of the most competitive rates in the market, you get to enjoy an affordable purchase.
	Minimal Documentation With our Pre-Owned Car Loan, you must submit only basic documentation to apply successfully.
	Flexible Repayment Option Stay within your budget throughout the tenure by opting for a repayment timeline that ranges up to 72 months. With 6 years to repay the loan, EMIs are something you don’t have to worry about.
	Easy And Hassle-Free Process Getting funding for the car of your choice is now just a few clicks away. Thanks to our online loan applications and processing, you enjoy a completely hassle-free experience, tailored for speed and comfort.
	No Hidden Charges We strive to maintain the highest level of integrity with all our valuable customers. As such, we maintain 100% transparency in all loan dealings, and you can be assured of no hidden charges throughout. All loan terms and conditions are clearly listed in our loan documents.

Eligibility Criteria for a Used Car Loan

While purchasing a car, you deserve a hassle-free and seamless experience. With simple process and digital approach, you can get loan within few minutes.

To know about each of these requirements in detail, check the Pre-Owned Car Loan eligibility criteria.

Note: The above-mentioned Pre-Owned Car Loan eligibility criteria is indicative. Additional eligibility criteria may be required during loan processing by our Lenders.

Eligibility Criteria for Second-Hand Car Financing

Age

Work Experience

Income

Indian Citizen

To know about each of these requirements in detail, check the pre-owned personal vehicle loan eligibility criteria.

Note: The above-mentioned Pre-Owned Car Loan eligibility criteria is indicative. Additional eligibility criteria may be required during loan processing by Our Lender.

Documents Required for a Used Car Loan

Our Pre-Owned Car Loan demands you submit basic documentation to ensure less time is consumed on paperwork while buying a used car. This ensures quick processing and fast approval without getting hassled by the loan formalities.

The list of required documents for getting a Pre-Owned Car Loan includes: