Used Car Loans
Used Vehicle LoansFast Tracks to Your Next Vehicle
Secure financing for your next used vehicle with attractive loan terms. We offer quick processing and flexible repayment options to help you get behind the wheel with ease.
Top-Up Loan on Used Cars
Need additional funds for your vehicle? With our top-up loan option, you can get extra financing on your existing used car loan, hassle-free.
Second-Hand Car Loan
Drive home your dream car with our customized loans for pre-owned vehicles, featuring competitive rates and quick approvals.
EMI Option Available
Flexible EMI plans to suit your budget, making your dream of owning a second-hand car easier and stress-free.
Structured EMI
Enjoy well-planned, structured EMI options that align with your financial goals, making repayments simple and convenient.
Top-up Loan on Used Car:
Existing second-hand car loan customers can avail of a top-up loan against used cars for up to 175% of the existing loan value. The additional funds can be used for a variety of purposes. The loan amount, however, depends upon several factors.
EMI Options Available on a Second-Hand Car Loan
Second-hand car loan customers have the option to choose between two EMI methods for a convenient repayment experience.
Standard EMI:
Under this option, the loan interest and monthly installments remain fixed throughout the repayment tenure. This option is best suited for those who have a steady monthly income that is unlikely to change soon.
Structured EMI:
Under this, borrowers can customize their second-hand car loan EMI. Usually, the monthly installments remain low during the initial period of the loan term and increase gradually. This option is best for people who anticipate an increase in their income soon.
Eligibility
- Resident Indian with stability of 1 year
- Age: 18+ years
- Salaried: Employed for a minimum of 1 year
- Business owners: Should be in business for a minimum of 1 year
Documents
- Identity & address proofs (KYC documents)
- Valid income proofs/Bank Statement
- Passport Size Photograph