Used Car Loan
Age of vehicle, ownership history, and mileage impact approval—mapped upfront.
Highlights
- LTV tuned to car age & segment
- Valuation coordination with empanelled surveyors
- RC transfer checklist alongside bank paperwork
- Income programs for ride-hailing partners
Who it is for
- Private buyers from OLX / Spinny / dealers
- Commercial drivers buying second-hand fleet
- Small businesses for staff transportation
Typical documents
- Seller/buyer KYC
- RC, insurance, Form 29/30
- Income proof & bank statements
- Valuation report post-inspection
FAQs
Car older than 8 years?
Pool shrinks but some NBFCs still consider; rates reflect risk.
Third owner vehicle?
Possible with clean history; extra diligence is common.