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Buying a car is an overwhelming experience that you should enjoy without compromise. With The FinBank's Pre-owned Car Loan, you can get the used car of your choice. It makes buying your dream car affordable and convenient. Our convenience-first features help you avail loan up to ₹ 75 Lakh.
The loan process is optimized to deliver a quick and hassle-free experience. You can easily qualify for the sanction with our easy requirements. With our second-hand car loan, you can get instant approval and tailored repayment to suit your requirements. Our relationship manager guides and assists you in buying a Pre-owned Car of your choice without any stress.
Used car loan offers you exciting features and benefits that helps enhance your overall borrowing experience,
High-value sanction for purchase Flexible loan tenure
Competitive interest rate & charges. Online loan application in few steps
Minimal documentation Quick loan processing
Swift approvals 100% transparency with no hidden charges
The experience of buying a car is one that you’re sure to remember for years to come. Achieving this goal is a complex endeavour, but with a used car loan, we can assure you of a memorable experience. Our loan is designed to cater to your needs with features that complement every stage of the process. You can apply online in just a few minutes, get instant approval, and enjoy hassle-free disbursement.
 | High Loan Amount Find the car model of your dreams and make the purchase a reality with a second-hand car loan. Get up to ₹75 Lakh as a sanction and move a step closer to owning a pre-owned car of your choice. |
 | Loan up to 100% of car value We ensure that you get the car you want without any compromises. With our offering, you can avail up to 100% of the car’s value in funding to achieve your goal of buying a car. |
 | Attractive Interest Rates Keep costs in check and get pocket-friendly repayment terms thanks to our low-interest rates. With one of the most competitive rates in the market, you get to enjoy an affordable purchase. |
 | Minimal Documentation With a used car loan, you must submit only basic documentation to apply successfully. |
 | Flexible Repayment Option Stay within your budget throughout the tenure by opting for a repayment timeline that ranges up to 72 months. With 6 years to repay the loan, EMIs are something you don’t have to worry about. |
 | Easy And Hassle-Free Process Getting funding for the car of your choice is now just a few clicks away. Thanks to our online loan applications and processing, you enjoy a completely hassle-free experience, tailored for speed and comfort. |
 | No Hidden Charges We strive to maintain the highest level of integrity with all our valuable customers. As such, we maintain 100% transparency in all loan dealings, and you can be assured of no hidden charges throughout. All loan terms and conditions are clearly listed in our loan documents. |
Owing to the many different types of cars available, we want to ensure that you have the option to get the one you want without a trade-off. As such, you can avail our used car loan to buy any of the following car types:
You can apply for a second-hand car loan by following these three simple steps:
On successful verification, the loan amount will be disbursed into your bank account instantly.
Used car loan eligibility criteria and documents are designed to reduce endless paperwork. With minimal documentation, easy eligibility criteria and digital processing, we ensure you an effortless and hassle-free process when making such a purchase.
| Description | Salaried Individuals | Self-Employed Individuals | Firm / Company |
| Age | Applicants must be between 24 (during loan application) and 60 years of age (at loan maturity) | Applicants must be between 24 (during loan application) and 65 years of age (at loan maturity) | Proprietor / Partners / Directors as applicable, must be a minimum of 24 years of age |
| Experience / Vintage | Up to ₹10 Lakh: 3 months in current employment with 12 months total employment stability. | Up to ₹10 Lakh: 24 months in current business. | Should be in the same business for a minimum of 2 years |
| ₹10 Lakh - 75 ₹Lakh: 6 months in current employment with 24 months total employment stability. | ₹10 Lakh - ₹75 Lakh: 36 months in current business. | ||
| Citizenship | Individuals with Indian citizenship | Proprietor / Partners / Directors with Indian citizenship | Proprietor / Partners / Directors with Indian citizenship |
| Credit Score | The credit score of the applicant must be 700 and above | The credit score of the applicant must be 700 and above | The credit score of the Proprietor / Partners / Directors must be 700 and above |
Note: The above-mentioned used car loan eligibility criteria are indicative. Additional eligibility criteria may be required during loan processing byThe FinBank
| Description | Salaried Individuals | Self-Employed Individuals | Firm / Company |
| Identity Documents |
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| Address Proof |
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| Income Documents | Latest salary slips for the last 3 month |
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| Bank Account Statement | Salary account statement for the last 3 months | Statement for the last 6 months | Statement for the last 6 months |
| Car Documents | If you have already finalized the car, include RC & Insurance | ||
Note: The above-mentioned second-hand car loan documents list is indicative. Additional documents may be required during loan processing.
Pune, Mumbai, Ahmedabad, India
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