Loan Product
Used Vehicle Loan
A Vehicle Loan helps individuals and businesses finance the purchase of new or used vehicles without making a large upfront payment. Whether it's a car, commercial vehicle, two-wheeler, or fleet vehicle, a vehicle loan offers flexible repayment options and quick approvals to get you on the road faster.
Key Features
Why Choose Our Used Vehicle Loan?
Up to 100% Vehicle Financing – Finance the full on-road price of your vehicle with zero or minimal down payment.
Fleet & Commercial Vehicles – Dedicated financing solutions for fleet operators and commercial vehicle buyers.
Quick Approval & Disbursal – Fast processing and approvals so you get on the road without delays.
Flexible Repayment Tenure – Choose loan tenure up to 7 years for comfortable, budget-friendly EMIs.
New & Used Vehicle Loans – Finance both new and pre-owned cars, commercial vehicles, and two-wheelers.
Competitive Interest Rates – Access attractive rates from 7.75% p.a. for new vehicles through our lender network.
Minimal Documentation – Simple paperwork and quick verification for a hassle-free experience.
Dedicated Loan Assistance – Expert guidance throughout the loan journey from application to disbursal..
Quick Facts
Interest RateInterest Rate From 9.9% p.a.
Loan Amount₹5 Lakh - ₹10 Crore
TenureRenewable annually
Processing Time5 - 10 working days
Eligibility Criteria
- Age: Applicant should be between 21 and 65 years.
- Employment Status: Salaried individuals, self-employed professionals, business owners, and entrepreneurs.
- Income Stability: Applicant must have a stable source of income to support loan repayment.
- Credit Profile: A healthy credit score and repayment history are preferred.
- Nationality: Applicant must be an Indian resident.
- Vehicle Selection: The vehicle should meet the financing criteria of the selected lender.
Documents Required
- PAN Card
- Aadhaar Card
- Address Proof
- Income Proof — Salary Slips / ITR
- Last 6 Months Bank Statements
- Vehicle Quotation or Proforma Invoice
- Employment Proof (for Salaried Applicants)
- Business Proof (for Self-Employed Applicants)
- Passport Size Photographs
EMI Calculator
Estimate Your Used Vehicle Loan EMI
Loan Amount₹15,00,000
₹50,000₹1,00,00,000
Interest Rate (p.a.)11.00%
6.00%24.00%
Loan Tenure5 yrs
3 months30 yrs
Monthly EMI₹32,614
Principal
₹15,00,000
Total Interest
₹4,56,818
Total Payment
Apply for this Loan₹19,56,818
Explore More
Other Loan Products
Ready to Take the Next Step Toward Your Financial Goals?
Talk to our advisory team today for a free, no-obligation loan eligibility assessment.