| Bank Name | Rate of Interest % | Loan Tenure | Loan Amount | CIBIL Score | Action |
|---|---|---|---|---|---|
| HDB Financial Used Car Loan | 14% | 12 Month | 100000 | 650 | Apply Now |
| Kotak Prime Used Car Loan | 10.5% | 18 Month | 100000 | 650 | Apply Now |
| TATA Capital Used Car Loan | 12% | 12 Month | 100000 | 650 | Apply Now |
| Axis Bank Used Car Loan | 10.3% | 18 Month | 100000 | 700 | Apply Now |
| Bajaj Finserv Used Car Loan | 12% | 12 Month | 100000 | 720 | Apply Now |
| SK Finance Used Car Loan | 18% | 12 Month | 100000 | 650 | Apply Now |
| Vastu Finserv Used Car Loan | 14% | 12 Month | 100000 | 650 | Apply Now |
| AU Bank Used Car Loan | 14% | 12 Month | 50000 | 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 |
🚙 Used Car Loan – Upgrade to a Pre-Owned Car with Easy Financing
Buying a reliable pre-owned car is no longer a challenge with our Used Car Loans. At Crednova Fintech, we make it simple, affordable, and stress-free to own the car you’ve always wanted. Whether you’re purchasing from a dealer or directly from the owner, our flexible loan solutions ensure you drive home without financial burden.
✅ Key Features of Used Car Loan:
- Finance up to 80% of the car’s valuation or purchase price
- Attractive interest rates tailored for your budget
- Flexible repayment tenure up to 60 months (5 years)
- No hidden charges and complete transparency
Quick approval & minimal documentation for faster disbursal
📄 Required Documents:
- KYC (PAN, Aadhaar, etc.)
- Latest income proof (Salary slips, ITR, or bank statements)
- Address proof
RC copy, insurance papers & seller’s agreement/quotation
✨ With Crednova Fintech’s Used Car Loan, upgrading to your dream car has never been easier. Enjoy affordable EMIs, fast approvals, and complete peace of mind when buying your pre-owned vehicle.
🚙 Key Features of Our Used Car Loan:
- Finance up to 80% of the car’s valuation or purchase price
- Affordable interest rates designed to fit your budget
- Flexible loan tenure of up to 5 years for easy EMIs
- Hassle-free processing with minimal documentation
Available for salaried, self-employed professionals, and business owners
📄Basic Eligibility & Documents:
- Age: Minimum 21 years
- Documents Required: Valid ID proof, address proof, and income proof
Vehicle Requirement: RC copy, insurance papers, and seller’s agreement/quotation
✨ With Crednova Fintech’s Used Car Loan, upgrading to your favorite pre-owned vehicle has never been easier. Enjoy quick approvals, transparent process, and the freedom to drive the car you’ve always wanted. Apply online today or visit your nearest branch!
FAQs
- A used car loan is a type of auto loan that allows you to borrow money to purchase a pre-owned or second-hand vehicle. The car you’re buying serves as collateral for the loan.
- Interest rates on used car loans are typically determined based on factors such as your credit score, the loan term, the age and value of the car, and the lender’s policies. Generally, borrowers with higher credit scores receive lower interest rates
- The maximum loan amount for a used car loan depends on your creditworthiness, the value of the car, and the lender’s policies. Typically, lenders may finance up to a certain percentage of the car’s value.
- Used car loan terms can vary, but they’re generally shorter than those for new car loans. Loan terms often range from 36 to 72 months, with some lenders offering shorter or longer options.
- Many lenders offer used car loans for private party purchases. However, the terms and conditions for private seller transactions may differ from those for buying from a dealership.