Used Car Loans @ 12%*

Monetary problems pertaining to business expansion, child’s higher studies, wedding or medical emergency can strike anytime, but it can be settled conveniently if you own a car.

A second-hand car loan, as the name suggests, provides a financial respite to individuals looking for a used car. Bring home wheels of happiness by availing our Used Car loans. Our customised loans offer low down payment, quick sanction & disbursement and flexible tenures. These loans can be availed against loan free vehicles and loan against your existing vehicle.

Enjoy comfortable EMIs with a long tenure of upto 5 years and interest rates starting 12%. Apply now.

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High Loan Amount

We offer loan amounts (max Rs 10 lakhs) up to 80% of your car’s value.

Attractive Interest Rates

Get the very lowest interest rates starting @ 12% on used car loans.

Flexible Loan Tenure

Our used car loan features a longer tenure of up to 5 years.

Eligibility Criteria

The used-car loan eligibility depends on whether you are a salaried individual, self-employed or an SME. Your repayment potential is assessed on factors such as your income, fixed obligations, credit history, etc. Thus, along with the loan application, you will have to submit the following documents required for a used car loan.

Loan Amount = Rs 50000 to Rs 10 Lakhs
Tenure = 3 months to 5 years
The asset put up as collateral must exceed the value of the loan.
The applicant must be at least 21 years of age and not should be more than 58 year age.
The applicant must be a complete owner of the vehicle that has been kept as collateral.
Salaried, non-salaried, and self-employed individuals can apply but need to meet the specific criteria needed for each.

Documents Needed

Documents

Copy of Vehicle Registration Certificate
Copy of telephone or mobile bill
Copy of signature along with proof

Proof of Identity

Passport Copy
Voter ID card
Driving License
PAN Card

Proof of Address

Aadhaar Card
Ration card/ Telephone Bill/ Electricity Bill
Driving License/ Passport copy
Bank Passbook/ Statement

For Salaried Professionals

Bank statement for the last 6 months
Last 6 months salary slips
Form 16
IT Returns for last 3 years

Additional For Self-Employed

Income statements
Financials for the past 2 years attested by a CA

Additional For SMEs

Audited financials for the last 2 years

Why choose NextFin for Used-car Loans

Our unmatched loan products and experienced team ensure quick loan disbursals, hassle-free process and flexible tenures.

Loan upto Rs 10 Lakhs

Loan amounts up to 80% of your car’s market value.

Interest Rates starting 12%

Get the lowest interest rates and maximise your benefits.

Flexible Repayment Tenure

Flexible repayment tenure according to your needs.

Hassle free process

Transparent, hassle-free and convenient application process.

Personalised products

Our products suit your needs at different life stages.

Quick Disbursal

2 day loan disbursal with absolute ease.

FAQ’s

Read Used Car Loan FAQs here.

Used Car Loans @ 12%*

Get in touch

High Loan Amount

Attractive Interest Rates

Flexible Loan Tenure

Eligibility Criteria

Loan Amount = Rs 50000 to Rs 10 Lakhs

Tenure = 3 months to 5 years

The asset put up as collateral must exceed the value of the loan.

The applicant must be at least 21 years of age and not should be more than 58 year age.

The applicant must be a complete owner of the vehicle that has been kept as collateral.

Salaried, non-salaried, and self-employed individuals can apply but need to meet the specific criteria needed for each.