What is Used Car Loan ?


Used Car Loan can be availed for two Purpose mentioned below:-

  • For Purchasing New Second Hand Car
  • In Case of Any Personal Need, Loan Against Your Existing Car

What is the Maximum Amount that can be availed?


At Present, Banks/NBFCs fund maximum 100% Value of Car


What are the Documents Required?


Common Document required are Pan Card,Adhaar Card/ Voter ID Card, Insurance and RC Copy


Documents Required for Salaried:


  • Latest Salary Slip
  • Latest Form 16/Latest ITR
  • Salary Account statement for last 3 Months

Documents Required for Self Employed:


  • Latest ITR
  • Latest Electricity Bill
  • Partnership Deed (If Partnership Firm)
  • Memorandum of Association, Article of Association & Certificate of Incorporation (If Private Ltd/ Public Ltd Co)