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

Used Car Loans Features And Benefits

Quick Approval

Get loan approval in just 4 hours after verification of necessary documents.

Easy Documentation

Minimal paperwork ensures an easy documentation process.

Maximize Your Funding

Get up to 95% funding with minimal downpayment.

Attractive Interest Rates

Affordable used car loan with flexible Interest Rates for your dream car.

Flexible Repayment Options

Make repayment easy and convenient with flexible repayment options ranging from 12-60 months, tailored to your unique needs.

Used Car Loan Eligibility Criteria

Age

Minimum age of 18 years

Tractor Documents

Valid RC Book and NOC from previous financer, if applicable

Credit Score

A good CIBIL score determining the creditworthiness in eye of lenders

Essential Documents For Used Car Loan

KYC Documents (Any one)

Passport
Voter ID Card
Aadhaar Card
Driving License
PAN Card

Age Proof (Any one)

PAN Card

Valid Address Proof (Any one)

Passport
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

Avail Loan In 3 Simple Steps

Choose Your Vehicle

Select the pre-owned car model you want to buy.

Get Approved

Upload the required documents for instant loan approval.

Loan Disbursal

Get your loan sanctioned to turn your dream car into reality.

Customers Speak

I liked that the complete process was super quick. Saved a lot of time for me. Satisfied with the overall experience.
N
Nandini
Buying a car on my own was my dream for several years. Today I own a second hand car that was not heavy on my pocket. I am extremely delighted.
P
Priyamani
I am impressed by the amazing service. The documentation and approval were fast, and no unnecessary documents were requested.
N
Navin
I was able to buy a top condition car within my budget. It is perfect for my daily commute. The good thing is that the interest rate was quite reasonable.
P
P Ghodake

Used Car Loan Blogs & Videos

Explore Our Other Loan

About Used Car Loan

A used car is an excellent option for you if you are looking to buy a budget-friendly car. We are here to help you with financial assistance through a used car loan. With quick loan processing and flexible repayment options from our lending partner, your buying experience will simply be hassle-free. A competitive interest rate ensures that most people find the loan amount affordable. Up to 95%* funding can be accessed, considering the value of the asset.

Avail the used car loan now to get the best pre-owned cars within your budget.

What are the Features and Benefits of Used Car Loans?

  • The instant loan approval process approves a loan in just 4 hours upon documentation and verification.
  • The downpayment for purchasing your dream used car is minimal. Also, financing up to 95% is available.
  • Income proof is optional for getting a used car loan, ensuring the loan is even available to those without traditional income documents.
  • Flexible repayment tenure ranging from 12 to 60 months.
  • Minimal paperwork facilitates easy documentation, making the entire process quick and convenient.
  • Avail of a used car loan at an attractive and flexible interest rate from our lending partner.

What are the Eligibility Criteria for Used Car Loans?

Before applying for a used car loan, check if you are eligible for the same. The following are the primary eligibility requirements:

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

What are the Documents Required for a Used Car Loan?

Proper documentation speeds up the loan approval process. Ensure that the following documents are in place to be furnished when required:

  • ID Proof: Aadhaar Card/ Driving License/ Voter ID Card/ Passport/ PAN Card
  • Proof of Age: 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

The additional documents required for a Proprietorship and/or partnership firm are:

  • Shop Act or Business Proof
  • Repayment track of existing/completed loan
  • Partnership deed
  • GST Certificate
  • TDS certificate

For private/public Ltd. Firms, the additional documents needed are the Memorandum of Association (MOA) / Articles of Association (AOA) with board resolution.

How to Apply for a Used Car Loan?

Secure a trouble-free used car loan in just 3 simple steps:

  1. Decide on the pre-owned car you want to purchase.
  2. Upload all the required documents to receive instant approval.
  3. Get your loan sanctioned to 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.

Close

Call Us At

+91-8925-8521-29