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Used Car Loan Eligibility & Documents

The pre-owned car market is expanding, and financing helps drive people closer to their dreams.  With minimal costs, affordable interest rates, low documentation requirements and quick processing, the bank has become one of the largest used car loan segment players.

We not only help you with finance but also assist you in finding your perfect car. 

We also finance a used car you may want to buy from friends, family or other car-owners.

Apply Now

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The pre-owned car market is expanding, and financing helps drive people closer to their dreams.  With minimal costs, affordable interest rates, low documentation requirements and quick processing, the bank has become one of the largest used car loan segment players.

We not only help you with finance but also assist you in finding your perfect car. 

We also finance a used car you may want to buy from friends, family or other car-owners.

Amount Up to 5 Crore
Loan Tenure 1 to 6 Years
Interest Rates Low- Interest Rates
Eligibility Criteria Loan Disbursal
Loan Disbursal 4 to 5 Years
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Used Car Loan Features

  • Interest rate Rates start at 11.25%, subject to CIBIL Score and the car segment

  • Product variant Product variants (Top-Up, Refinance) influence the rates

  • Term Loans

  • Working Capital Loans

  • Business Expansion Loans

  • Equipment Financing Loans

  • Invoice Financing & Bill Discounting

Eligibility Criteria & Eligible Entities

  • Nationality : Indian

  • Age Criteria : Above 21 Years

  • Income : Minimum Rs 30,000

  • Nationality : Indian

  • Age Criteria : Above 21 Years

  • Income : Minimum Rs 30,000

Documentation For Used Car Loan

  • KYC Document

  • Financial Statements

  • Bank Statemnets

  • Car valuation report

Used Car Loan EMI Calculator

Break up of total payment

How To Apply For A Used Car Loan

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Why Choose Us?

Moneyverss provides new-age customized financing products for your business needs

No minimum utilization charges

Digitized process

Ease of understanding

Customised offers and discounts

End to end support

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