Turn the Key Get Your Used Car Loan Approved Today! Turn the Key Get Your Used Car Loan Approved Today!

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Used Car Loans Features And Benefits

Hassel free process

Experience a paperless, hassle-free process, making loan applications quick and convenient

Easy documentation

Experience rapid fund allocation with minimal paperwork, ensuring a quick turnaround time for your financing needs

Maximize Your Funding

Get Up to 95% Finance on Used Cars with Tractor Karvan!

Attractive Interest Rates

Affordable Used Car Loans with Flexible Interest Rates for Your Dream Car

Affordable Repayment Options

Maximize our personalized financing options with competitive rates tailored to your unique needs.

Used Car loan Eligibility Criteria


Between 18 to 65 years* old for users from agricultural backgrounds, and between 21 to 65 years* old for others

Employment Status

Must be actively employed

Employment Stability

Minimum 1 year of stable employment

Essential Documents for used car loan

KYC Documents (Any one)

Voter ID Card
Aadhaar Card
Driving License
PAN Card

Age Proof (Any one)

PAN Card

Valid Address Proof (Any one)

Electricity Bill
Ration Card

Income Proof (Any one)

Salary Slip
Form 16
ITR with Computation of Income

Valid Assets Proof

Photocopy of Vehicle RC Book and Insurance Certificate

Other Documents

Bank Statement or Passbook

How to Apply for a Used Car Loan?

Select Your Vehicle

Decide on the pre-owned car you want to purchase.

Quick Approval

Submit the required documents and get an instant approval.

Loan Sanction

Get your Loan processed and bring home your desired car.

Customers Speak

I bought a used car using the Used Car Loan facility of Tractorkarvan. The complete process was super quick and affordable.
Buying a car was my dream. Today I own a car though a used one. All thanks to Used Car Loan enabled by Tractorkarvan. I am extremely satisfied.
I am impressed by the amazing service. The KYC was quick and no additional documents was asked for.
A completely digital process to approve and disburse the loan amount attracted me the most. I will especially recommend it for financing used cars.
P Ghodake

Blogs About Used Car loans

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Used Car Loan in India

Used cars have a big market in India as they are affordable. But purchasing a used car was never so easy. Today, almost all financial institutions and digital platforms provide loans for purchasing used cars. The used car loan facility available on Tractorkarvan comes at attractive interest rates and flexible repayment choices. 

One of the prime benefits of Tractorkarvan is that we provide up to 95% funding of the asset value for purchasing used cars.

Key Features and Benefits of Used Car Loan

Used car loan on Tractorkarvan has several unique features and benefits, including faster documentation and approval. Some of the key features are:

  • Loan approval within 4 hours of the submission of documents.
  • The loan-to-value (LTV) ratio is up to 95%; that is, you can get up to 95% funding on asset value.
  • The downpayment for purchasing your dream used car is minimal.
  • Income proof is optional for getting a Used Car loan, ensuring that the Loan is even available to those without proper income documents.
  • Flexible repayment tenure ranging from 12 to 60 months (5 years).
  • Completely digital and hassle-free loan application process.
  • Avail of Used Car loans at attractive interest rates.

 Eligibility Criteria

Before applying for a Used Car loan, determine your eligibility criteria. Do ensure that you meet the following eligibility requirements as mentioned below:

  • Nationality: Indian
  • Age: 18 – 65 years
  • Status of Employment: Active
  • Employment Tenure: Minimum 1 year

Documents Required

Before applying, you need to ensure that all documents are in place and furnished when required. Proper documentation quickens the loan approval process. The list of necessary documents is as follows:

  • ID Proof: Aadhaar Card/ Driving License/ Voter ID Card/ Passport/ PAN Card
  • Age Proof: PAN Card
  • Address Proof: Ration Card/ Electricity Bill/ Passport
  • Income Proof: Pay Slip/ Form 16/ ITR
  • Asset Documents: Insurance Certificates and Vehicle RC Book
  • Others: Passbook/ Bank Statement

How to Apply for a Used Car Loan?

You can apply for a Used Car Loan on Tractorkarvan in three simple steps: Choose the Used Car, Apply for the Loan, and Bring Home your Dream Car.

  • Step 1: You must select the used car you want to purchase from a wide range of options.
  • Step 2:Complete and submit the loan application form. If you meet the eligibility criteria, you will receive instant approval.
  • Step 3:Get your Loan sanctioned & processed and drive your dream car home.

Frequently Asked Questions on Used Car Loan

1. How do you take a used car loan on Tractorkarvan?

You can use it to get the Loan in 3 simple steps: Select the Used Car, apply for it, and Get your Loan sanctioned from our lending partners.

The key features include loan approval within 4 hours, up to 95% funding of the used car value, and flexible repayment tenure of 12 months to 60 months.

Yes, you can pay back the Loan with easy instalments or EMIs.

You must be an Indian national, between 18 and 65 years of age, and have been employed for a minimum of one year.

Disclaimer: The submission of documents for availing of a Used Car Loan on Tractorkarvan should not be assumed as approval of the loan. The approval or rejection of the loan is subject to the terms and conditions of lending partners of Tractorkarvan.


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