We generally fund used cars up to 12 years old at the time of loan maturity. While there is no hard mileage cap, high-mileage vehicles are subject to closer valuation scrutiny and may attract a lower LTV.
Overview
Who It's For
Buying a Family Car & MUV (Personal Use)
Your first car made easy: light documentation, quick valuation (for pre-owned), and cash-flow friendly EMIs so you drive home sooner and build your credit from Day One.
Already own a car? Refinance/top-up: shift your existing loan to lower EMIs, reduce interest, or extend tenure with swift balance transfer.
First-Time Entrepreneurs Car & MUV (Taxi Operations)
First-Time Entrepreneurs (Taxi Operations): launch your cab business with finance for pre-owned commercial cars; get fast appraisal so you start earning quickly.
Existing Taxi Owners/Fleets Takeover & Refinance: move your current loan(s) to lower EMIs, reduce interest, or extend tenure with a swift balance transfer with minimal downtime.
Please Provide Your Information
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Product Specifications
Tenor upto 60 months
ROI 16% - 24%
Personal Use & Taxi Operations: Fixed-rate options for EMI stability through the tenureNo hidden cost
Loan for New and Pre-owned Car
Features & Benefits
- Finance for used car with digitized processing.
- Long tenures (up to ~60 months) to keep EMIs comfortable.
- Fixed-rate options to lock in EMI through the tenure (useful in volatile cycles).
- Balance-transfer/Refinance options to reduce EMI or extend tenor.
Documents Required
KYC
DL
Bank statement & Income proof
Property ownership proof
Loan Process
Step 1
Click on Apply Now and enter your contact details.
Step 2
Our customer team will contact you to guide you through the details and complete the process smoothly.
Step 3
The application will then proceed for verification and assessment.
EMI CALCULATOR
Our Smart EMI Calculator
FAQ
Quick Answers
Do you fund cars purchased through private sellers, or only through dealers?
We fund cars purchased through both organised used car dealers and direct private transactions, provided the vehicle's ownership history is clear, RC transfer is completed, and title is free of encumbrances.
How quickly can a used car loan be processed and disbursed?
For complete documentation, loan disbursement can typically be completed within 12-24 hours of verification and approval.
What loan-to-value ratio can I expect for a used car?
LTV is typically between 75–85% of the least of Grid/Valuation report or the transactional value, whichever is lower, depending on the vehicle profile and borrower creditworthiness.
Is there a CIBIL cut-off for a used car loan?
Applications from individuals above 600 or no credit history are assessed holistically.