Want a Second-Hand Car Loan? Here’s What You Should Know


The demand for second-hand cars is higher than new cars in India, especially among those who buy the first vehicle. A personal loan used as a used car loan can be a great way to buy a pre-owned car without hitting your wallet hard.

However, relatively few used-car buyers, most of the new car buyers, finance their purchase with a loan. This is usually because car loans from a bank, on the other hand, can be difficult and expensive but flexible.

How much EMI?

Use the EMI calculator to know a rough estimate of the EMI you will have to pay on your used car loan. Keep in mind the final rate may vary based on other parameters.

How do I apply for a second-hand car loan?

If you are looking to apply for a used car loan, or to get any information regarding our process, fill out the form at our Contact US page. You can also give us a call at +712-2520007 and speak to us directly, or visit us at our office.


used car loan


Documents needed for a used car loan

When applying for a second-hand car loan, you will need the following documents with you:

·         Photo Identity Proof [Aadhaar Card, Pan Card, Passport, Voter ID, Driving License]
·         Salary Slips [Copy of three months’ slips]
·         Vehicle Registration certificate [Copy of the certificate]
·         Income Proof [Copy of salary account statements for the last three months]
·         Address Proof [Ration Card, Passport, Electricity Bill]
·         Proof of telephone or mobile connection [Copy of telephone or mobile bill]






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