| Bank Name | Rate of Interest % | Loan Tenure | Loan Amount | CIBIL Score | Apply Now |
|---|---|---|---|---|---|
| TATA Capital Used Car Loan | 12% | 12 Month | 100000 | 650 | Apply Now |
| Yes Bank Used Car Loan | 10.5% | 12 Month | 100000 | 680 | Apply Now |
| Axis Bank Used Car Loan | 10.3% | 18 Month | 100000 | 700 | Apply Now |
| SK Finance Used Car Loan | 18% | 12 Month | 100000 | 650 | Apply Now |
| IDFC Used Car Loan | 10.5% | 12 Month | 100000 | 700 | Apply Now |
| Cholamandalam Used Car Loan | 14% | 24 Month | 100000 | 600 | Apply Now |
FAQs
- A used car loan is a type of financing that helps you purchase a pre-owned (second-hand) vehicle by paying in easy monthly installments instead of a one-time full payment.
- Salaried individuals, self-employed professionals, business owners, and even companies can apply, subject to age and income criteria.
ID Proof (Aadhaar, PAN, Passport)
Address Proof
Income Proof (Salary Slips, Bank Statements, ITRs)
Vehicle details and RC (if already selected)
Passport-sized photographs
Loan tenure usually ranges from 12 to 60 months (1 to 5 years), depending on the lender and the car’s age.
Interest rates for used car loans typically range between 9% to 16% per annum, depending on your credit profile and lender policies.
