26 years of working experience
Planning to buy a Pre Owned Car?
Buying a car in India is a basic necessity today, a status symbol for the more indulgent, but a dream come true for all of us. Whatever the reason may be, a car play an important part in our life . But buying a car is a major financial step, which need a great deal of savings and foresight, The concept of buying used cars started taking ground in past few years when people realised that used cars can be as good as new cars & and more easy to afford with the help of taking loan for Pre owned car.
Used Car Purchase loan key Points
- Easy Funding
- Funding till 3rd Owner
- Quick Disbursement
- Lowest Rate of interest
Overview
What is Used Car Purchase loan?
A pre owned car loan, also known as a used car loan, is a type of loan that is designed to help a person get a good used car. Everyone's lifelong desire is to own a car, and with the aid of a used purchase loan, purchasing a pre owned car—whether it be in the mid-range or premium segment—becomes much simpler. A pre owned car loan comes with a used car while a new car loan comes with a brand new car. Funding for the used car loan is determined by the applicant's credit history, verifiable income, and employment and housing stability. Loan amounts for purchase used car loans depend on the state of the vehicle and its current insurance value. Usally Bank & Nbfc fund used purchase loans between 85% to 95% of insurance value, with variable interest rates across lenders
Loan amount
Get maximum loan amount on your existing vehicle insurance value between 85% to 95%
Unmateched services
Get Complete end to end support and advisory from research to Hypothecation, and finalising a best deal
Flexible tenure and interest rate
Repay your loan with flexible emi from 12 to 48 month at lowest annually interest rate onwards 14%*
Smooth and Quick disbursement
Save your precious time by smooth and fast processing with less involvement of paperwork, get disbursment within 48 working hours in your account.
Get the Best Deal on Used Car with Us
Why Choose Us?
At “Dealstohdekho”, we strive to provide our customers with the best possible used car loan experience. With a wide selection of high-quality vehicles and a knowledgeable team of experts, we make sure that our customers find the right car to fit their needs and budget. Our focus on transparency, honesty, and fairness sets us apart from other used car loan service providers. From start to finish, we are here to guide and assist you in finding the perfect used car to meet your needs and budget. We provide the best customer service, fast and easy car financing process, competitive rates with no hidden fees and 24/7 help. We are best used car loan provider, our main mission is to get you a vehicle that meets your needs.We offer you the best used car financing options and terms, so that you don't have to worry about finding a lender by yourself. We believe that our customers deserve an exceptional experience, so we put all of our resources behind making sure you get what you need when you need it.
Work Process
How to Apply Used Car Purchase loan?
Eligibility
Used Car Purchase Loan Eligibility Criteria
One needs to meet the eligibility standards set by the lenders to avail a Refinance Car Loan. Depending upon individual capacities and automobile valuations, eligibility criteria for Refinance car loan are as follows:
- Should be Indian Resident
- Age :21 to 60 years
- Income: Minimum 20k required
- Should be Indian Resident
- Age :21 to 60 years
- Income: Minimum 250000 annual income required
Features
Used Car Purchase Loan Feature
A used car refinance is much simpler to obtain than any other loan; for your reference, below are a few important points about used car refinance loans. Refinance loans act as a backup plan for you when you run out of money or need money in an emergency but lack any immediate resources.
Affordable Finance
"Dealstohdekho"well-known Banks and NBFCs as partners in the quest to offer you affordable finance as a used car loan. Some of our partners even offer you upto 95% finance.
Low EMIs
Availing a used car loan means availing finance lesser than what's required for a new car loan, and this makes for low monthly EMIs.
Flexible Loan Tenure
Used Car Loan offers you longer loan tenure of maximum 4 years for repayment.
Smooth and Quick disbursement
Save your precious time by smooth and fast processing with less involvement of paperwork, get disbursment within 48 working hours in your account.
Benefits
Used Car Purchase Loan Benefits
One needs to meet the eligibility standards set by the lenders to avail a Used Car Loan. Depending upon individual capacities and automobile valuations, eligibility criteria for used car finance are as follows:
Get instant funding with used car loan in just few hours into your account,some leading Banks like offer today instant online approval in same day,that help you to buy your dream car .
With Used car purachse loan you can get funding on your car insurance value from 85% to 95% depends on the model you are choosing,
Used car purachase loan does not required lots of paper work like other type of loan as Homeloan , business loan,Personal loan,you can get loan upto 1cr lac just submitting normal financial to the bank.
Used car loan comes with the flexible tenure starting from 12 to 72 months, which reduce the burden on emi on your shoulder.
Rate of interest for used car loan starts onward 12 to 16% depend on the bank& Nbfc,for premium segement high ticket cars it starts onward 10.50% which is lower than any other loan today
Additional Documents
Required Documents For Used Car Purchase loan
Self-Employed, Non-Salaried and SMEs seeking funds as Used Car Purchase Loans will have to furnish additional documents listed below to start the loans process.
- KYC documents
- PAN Card
- 2 Photographs
- Last 2 years ITR as proof of income
- Bank account statement (latest 6 months)
- Signature Verification Proof
- Copy of RC & insurance of the car
- Noc required if loan existing loan has recently closed
- KYC documents
- PAN Card
- 2 Photographs
- Last 3 month salary slip as proof of income
- Bank account statement (latest 6 months)
- Signature Verification Proof
- Copy of RC & insurance of the car
- Noc required if loan existing loan has recently closed
- 2 Yrs Financials (Balance Sheet, Profit & loss Account and audit report) with ITR
- Last 6 Months Bank Statements
- KYC of the Authorized Partner
- Ownership Proof
- Copy of RC & insurance of the car
- Copy of PAN of Firm
- Partnership Deed
- Firm Address Proof
- 2 Photographs
- Noc required if loan existing loan has recently closed
- 2 Yrs Financials (Balance Sheet, Profit & loss Account and audit report) with ITR
- Last 6 Months Bank Statements
- KYC of Main/Authorizing Director
- Company Address Proof
- Copy of RC & insurance of the car
- Memorandum of article
- 2 Photographs
- Noc required if loan existing loan has recently closed
EMI Calculator
Monthly EMI ₹
Total Interest ₹
Total Amount Payable ₹
Apply For LoanOur Lending Partner
We Are an Authorized Channel Partner Of All Leading Bank & Nbfc, Providing Financial Services In Pan India
We as AD Finance, corporate with all leading banks & Nbfc, and provide financial services in pan India. Customers can choose and compare lenders from an exhaustive list of 25+ Banks & Nbfc according to financial need.
Frequently Asked Questions
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Can we avail Used car purchase loan on any car?
You can avail used car purchase loan on all car which are still in operation, any discontinued model can not fund in used car purchase loan.
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Can in take loan on 4th onwer model?
Funding till 4the owner is subject to Bank/nbfc, usallly bank funds purchase loan till 3rd owner.
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Can in foreclose my used car purchase loan?
You can foreclouse your loan when you have extra inflow of cash and don’t want to pay EMIs, thereby saving up on interest payable. foreclouser charges and fee will be applicable as agreed while sanctioning the loan by lender.
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Can in apply loan without income proof?
Can in apply loan without income proof?
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What is the max tenure for used car purchase loan?
You can avail used car refinance loan tenure onwards starting from 12 to 84 month,depends on lenders.
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can I get used car purchase loan on low cibil score less than 650?
Generally bank/Nbfd need 700+ cibil to fund a used car purchase loan,but with the proper justification, if bank/nbfc feel comfortable,loan can be sanctioned.
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Is Hypothecation is compulsory in used car purchase loan?
Yes, hypo is must in used car purchase loan, without hypo you can apply No due after loan closer from bank
Don’t dream it. Drive it
Drive away with confidence, buy a used car with peace of mind
Experience reliability and affordability with a used car purchase.Find the best solution with us for your dream car.
Get Assured Gift On Your Used Car Purcahse loan With Us
