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.
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.
| Loan Tenure | Up to 7 Years |
|---|---|
| Interest Rates | Interest Rates Int rate start from 8.90% (Changes time to time ) |
| Eligibility Criteria | Based on Income Document and Market value of the Car |
| Loan Disbursal | 1 Days Process post sanction |
Interest rate Start from 8.90% (Changes time to time)
Processing Fees Minimum processing Fees 1% to 2 %
Emi & Cheque bouncing charges 400 to 1000 + applicable tax (Depends on bank to bank)
Foreclosure and part payment charges Up to 5% + Applicable tax on Loan Payment or Principal Outstanding depends on bank to bank
LTV Typically LTV (Loan-to-Value) ratio varies up to 100% on car assessed value depends on bank to bank.
Income Criteria : Minimum income Rs 15,000 Per Month
Age Criteria : 21 to 70 Years
Credit Score : Preferably 700 and above
Income Criteria : Minimum income Rs 15,000 Per Month
Age Criteria : 21 to 70 Years
Credit Score : Preferably 700 and above
KYC Document
Financial Statements
Car related Documents
Existing loan related documents (If any)
Moneyverss provides new-age customized financing products for your business needs
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We are dedicated to providing you with valuable services that simplify your loan search and empower you to make informed borrowing decisions. Our comprehensive range of services
