Used Car Loan
Finance your next used car with up to 90% funding, at rates starting 12% p.a.
About Used Car Loan
A PaisaEHub.com Used Car Loan helps you finance a pre-owned car — from an authorized dealer or a private seller — with up to 90% funding and quick approval.
We are partnered with India's leading banks and NBFCs to offer used car loans with interest rates starting from 12% p.a., matched to the vehicle's age and your credit profile.
With minimal documentation, quick vehicle valuation and disbursal in as fast as 24-48 hours, driving home your next used car has never been easier.
Certified Pre-Owned Cars
Finance a certified used car from an authorized dealer with confidence.
Private Seller Purchase
Buy a used car from an individual seller with the right documentation support.
Refinance Existing Car
Refinance your current used car loan for a lower rate or better tenure.
Loan Top-Up
Get additional funds over your existing used car loan for any personal need.
Balance Transfer
Move your existing used car loan to us for improved rates and terms.
Commercial Use Vehicles
Finance a used vehicle for taxi, fleet or small business commercial use.
Apply for Used Car Loan
Features & Benefits
Everything that makes a PaisaEHub.com Used Car Loan the smart way to buy your next vehicle.
Loan up to 90% of Value
Finance up to 90% of the used car's assessed value, reducing your upfront cost.
Competitive Rates
Interest rates starting at 12% p.a. for eligible applicants.
Flexible Tenure
Repay over a tenure of 12 to 60 months to suit your monthly budget.
Quick Approval
Get in-principle approval within hours and disbursal in 24-48 hours.
Wide Car Coverage
Loans available on used cars up to 10 years old, from most major brands.
Minimal Documentation
Simple KYC, income proof and vehicle documents — no lengthy paperwork.
Eligibility & Documents
Check if you qualify and what paperwork you'll need to keep ready.
Eligibility Criteria
| Age | 25 to 65 years at loan maturity |
| Employment | Salaried or self-employed with regular income |
| Minimum Income | ₹30,000 per month (salaried); ITR-based for self-employed- Min. 5 lacs |
| Credit Score | 700 and above |
| Vehicle Age | Used car should not be more than 12 years old at loan maturity |
| Residency | Indian resident with a permanent or current address proof |
Documents Required
- ✓PAN Card & Aadhaar Card
- ✓Latest 3 months' salary slips (salaried)
- ✓Last 6 months' bank statement
- ✓ITR / Form 16 for last 2 years (self-employed)
- ✓Vehicle RC, insurance & valuation report
- ✓Passport size photograph
Interest Rate & Charges
Transparent pricing — no hidden costs, ever.
| Interest Rate | 12% p.a. onwards |
| Loan Amount | Up to 90% of car's assessed value |
| Tenure | 36 – 60 months |
| Processing Fee | Up to 2% of loan amount + GST |
| Pre-payment Charges | Up to 5% + GST (as per lender policy) |
| Late Payment Charges | 2% per month on overdue EMI |
*Final interest rate and charges depend on the partner lender, vehicle age/valuation, applicant profile and credit score.
EMI Calculator
Estimate your monthly EMI instantly — calculated on the server with PHP.
Enter your loan details to calculate your EMI.
Drive Home Your Next Used Car, Today
Apply NowFrequently Asked Questions
Answers to the most common questions about our Used Car Loan.