Affordable Used Car Loans for Your Dream Vehicle
Buy your pre-owned car with flexible EMIs, quick approval, and attractive interest rates from leading banks and NBFCs.
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A Used Car Loan helps you purchase a pre-owned vehicle without paying the full amount upfront. Whether you are upgrading your vehicle or buying your first car, Finakit helps you get the right financing solution at affordable rates.
We work with leading banks and NBFCs to help you compare interest rates, loan amount, tenure, and EMI options. Our experts guide you through the complete process — from vehicle valuation and documentation to approval and disbursement.
Used car loans typically require lower down payments and offer flexible repayment options, making it easier to own a vehicle without financial stress.
Easy financing, quick approval, and flexible repayment options for your pre-owned car purchase.
Buy your preferred used car without full upfront payment.
Enjoy affordable interest rates from top lenders.
Repay comfortably with tenure up to 7 years.
Fast processing and minimal documentation for easy approval.
Basic eligibility requirements considered by banks and NBFCs for used car loans.
Applicants are generally required to be between 21 to 65 years of age.
Salaried individuals, self-employed professionals, and business owners can apply.
Consistent income and repayment capacity are important for loan approval.
A credit score of 700+ improves chances of faster approval and better interest rates.
The used car should meet lender requirements in terms of age, condition, and valuation.
Identity proof, address proof, income documents, and bank statements are required.
Keep these documents ready for faster Used Car Loan approval.
Compare used car loan offers from leading banks and NBFCs to get best interest rates, flexible EMI options, and quick approval.
| Bank | Interest Rate | Processing Fee | Loan Amount | Tenure | Action |
|---|---|---|---|---|---|
| State Bank of India | 10.50% – 14.00% | Up to 0.50% | Up to ₹20 Lakh | Up to 7 Years | |
| Bank of Baroda | 10.75% – 14.50% | Up to ₹5,000 + GST | Up to ₹25 Lakh | Up to 7 Years |
| Bank | Interest Rate | Processing Fee | Loan Amount | Tenure | Action |
|---|---|---|---|---|---|
| HDFC Bank | 9.99% – 13.50% | Up to 0.50% | Up to ₹40 Lakh | Up to 7 Years | |
| ICICI Bank | 10.25% – 14.25% | Up to 0.50% | Up to ₹30 Lakh | Up to 7 Years |
| NBFC | Interest Rate | Processing Fee | Loan Amount | Tenure | Action |
|---|---|---|---|---|---|
| Tata Capital | 11% – 16% | Up to 2% | Up to ₹20 Lakh | Up to 5 Years | |
| Bajaj Finance | 11.50% – 17% | Up to 2.5% | Up to ₹25 Lakh | Up to 7 Years |
Get instant assistance from application to approval with a smooth and fast used car loan process.
Apply For Used Car LoanCommon questions about Used Car Loans, eligibility, repayment, and approval process.
