Explore Your Options
Drive in New Future With Used Car Loans!
It Might Be Second-Hand for Someone, But For You, it’s Your First
You’ve always been the kind who’d love to own and drive the latest car models around, but your budget has never allowed you to consider buying anything much newer than a second-hand model. Worry not, as we have got the right support for you with a Used Car Loan.
MINIMUM SALARY
18000/-Per Month 20000/-
RATE OF INTEREST
18% to 22%(Reducing)
PROCESSING FEES
1% to 3%
CIBIL SCORE
700+
LOAN AMOUNT
Rs.50k to 10 Lac
MINIMUM SALARY
25001/-Per Month
RATE OF INTEREST
25% to 30% (Reducing)
PROCESSING FEES
6% To 8%
CIBIL SCORE
625+
LOAN AMOUNT
Rs.50k- to 10 Lac
MINIMUM SALARY
20000/-Per Month
RATE OF INTEREST
18% to 32% (Reducing)
PROCESSING FEES
2% of loan amount
CIBIL SCORE
650+
LOAN AMOUNT
Rs.25000 to 5 Lac
MINIMUM SALARY
15000/-Per Month
RATE OF INTEREST
15% to 30%(Reducing)
PROCESSING FEES
1% to 2%
CIBIL SCORE
550+
LOAN AMOUNT
Rs.8000 to 2 Lac
MINIMUM SALARY
20000/-Per Month
RATE OF INTEREST
1.5% Per month onwards
PROCESSING FEES
Each time 2% flat for withdrawl
CIBIL SCORE
725+
LOAN AMOUNT
5000 to 5 Lakhs
MINIMUM SALARY
12000/-Per Month (Above 50k NTC)
RATE OF INTEREST
15% to 22% (Reducing)
PROCESSING FEES
1% to 3%
CIBIL SCORE
650+
LOAN AMOUNT
Rs.30k to 5 Lac
MINIMUM SALARY
12000/- Per Month
RATE OF INTEREST
1.5% Onwards
PROCESSING FEES
1.5% – 2%
CIBIL SCORE
550+
LOAN AMOUNT
10000 to 4 Lac
(Upto 4 Month)
MINIMUM SALARY
25,000+
RATE OF INTEREST
10.99% Onwards
PROCESSING FEES
2% – 5%
CIBIL SCORE
700+
LOAN AMOUNT
Upto 10 lakh ( Maximum 36 Month)
MINIMUM SALARY
Upto 5 lakh ( Maximum 60 Month)
RATE OF INTEREST
16% Onwards
PROCESSING FEES
1% – 4%
CIBIL SCORE
550+
LOAN AMOUNT
5000 to 25000 (1 Month to 6 Month)
MINIMUM SALARY
25,000+
RATE OF INTEREST
11.15% Onwards
PROCESSING FEES
1% – 4%
CIBIL SCORE
690+
LOAN AMOUNT
1 Lac to 40 Lac
(12 Month to 60 Month)
MINIMUM SALARY
15,000
RATE OF INTEREST
12% to 36%
PROCESSING FEES
3%
CIBIL SCORE
700+
LOAN AMOUNT
5000 – 1 Lac
FAQs
- A used car loan is a type of auto loan that allows you to borrow money to purchase a pre-owned or second-hand vehicle. The car you’re buying serves as collateral for the loan.
- Interest rates on used car loans are typically determined based on factors such as your credit score, the loan term, the age and value of the car, and the lender’s policies. Generally, borrowers with higher credit scores receive lower interest rates
- The maximum loan amount for a used car loan depends on your creditworthiness, the value of the car, and the lender’s policies. Typically, lenders may finance up to a certain percentage of the car’s value.
Used car loan terms can vary, but they’re generally shorter than those for new car loans. Loan terms often range from 36 to 72 months, with some lenders offering shorter or longer options.
Many lenders offer used car loans for private party purchases. However, the terms and conditions for private seller transactions may differ from those for buying from a dealership.