Used Car Loan
A Used Car Loan helps you finance the purchase of a pre-owned vehicle with flexible repayment options and competitive interest rates. It allows you to own a quality used car without paying the entire amount upfront, making vehicle ownership more affordable and convenient.
Eligibility
-
Indian citizen
-
Salaried or self-employed individual
-
Stable source of income
-
Good credit history
-
Age generally between 21 and 60 years (may vary by lender)
-
The vehicle must meet the lender's eligibility criteria regarding age and condition.
Documents Required
-
Aadhaar Card / PAN Card
-
Address Proof
-
Passport-size Photograph
-
Salary Slips or Income Proof
-
Bank Statements (last 3–6 months)
-
Income Tax Returns (for self-employed applicants)
-
Vehicle Registration Certificate (RC)
-
Insurance Copy (if required)
-
Seller Details or Vehicle Valuation Report (as required by the lender)
