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.
A Wide Range of Loans To Choose From
| Bank Name | Loan To Value | Rate of Interest | Processing Fees | CIBIL Score | Loan Amount | Apply Now |
|---|---|---|---|---|---|---|
| TATA Capital Used Car Loan | 1. Sale-Purchase: Upto 90% of Value of Car 2. Refinance:90% of value of Car 3. External BT -Upto 250% of Value of Car | 10% to 18% (Flat) | 1% of Loan amount | 650+ | Upto 35 Lakh | Apply now |
FAQs
A used car loan is a type of auto loan that helps individuals finance the purchase of a pre-owned or second-hand vehicle. The loan is used to cover the cost of the used car, and the vehicle typically serves as collateral for the loan.
Most lenders offer used car loans for a wide range of used vehicles, including cars, trucks, SUVs, and motorcycles. The age and condition of the vehicle may affect eligibility and loan terms.
The loan tenure for used car loans typically ranges from 1 to 7 years, depending on the lender, the age of the vehicle, and the borrower’s preferences.
Interest rates for used car loans can vary based on factors like your credit score, the lender, and market conditions. Newer vehicles and borrowers with good credit may qualify for lower interest rates.
Commonly required documents include proof of identity, proof of residence, proof of income, vehicle registration papers, and insurance details. Lenders may have specific document requirements.
