Drive Home Your
Used Car, Sooner
Used car loans from ₹50,000 to ₹50 Lakh. Finance up to 100% of valuation with tenure up to 7 years and same-day approval.
Pre-Owned Car Loan at a Glance
Everything You Need to Buy Used
From hatchbacks to SUVs — finance your next pre-owned car with confidence.
High Funding
Finance up to 100% of the car's valuation depending on age, condition and lender policy — minimal down payment needed.
Competitive Rates
Rates starting at 11% p.a. based on car age, your CIBIL score and income profile — compare offers from 30+ lenders.
Flexible Tenure
Choose a repayment tenure from 1 to 7 years to keep your EMI comfortable, subject to the car's remaining usable life.
Quick Approval
Minimal documentation and fast in-principle approval — often within 24 hours of application.
Any Make / Model
Loans available for all popular makes and models, whether bought from a dealer or an individual seller.
Refinance Option
Already own your used car outright? Get a top-up or refinance loan against it for other financial needs.
Who Can Apply?
Salaried Individual
Age 21–60, minimum 6 months in current job, net monthly income ₹15,000+
Self-Employed
Age 21–65, business vintage of 2+ years with stable income proof
Professional
Doctors, CAs, engineers and other professionals with steady income
Existing BharatFincred Customer
Pre-approved offers and faster processing for existing loan customers
Eligibility Criteria
Required Documents
KYC
Income Proof
Car Documents
Pre-Owned Car Loan EMI Calculator
Estimate your monthly repayment before applying.
Loan Parameters
Your EMI Summary
Pre-Owned Car Loan Questions
Lenders typically finance 70%–100% of the car's assessed valuation, depending on the car's age, condition and your credit profile. Loan amounts generally range from ₹50,000 to ₹50 Lakh.
Most lenders finance used cars that will be no more than 8–10 years old at the end of the loan tenure. So a 5-year-old car may only be eligible for a 3–5 year loan.
Yes, generally. Pre-owned car loan rates are usually 2%–5% higher than new car loan rates because of higher perceived risk and faster depreciation of used vehicles.
Yes, most lenders finance used cars purchased from both authorised dealers and individual sellers, though dealer purchases may have simpler documentation and faster processing.
You will typically need the car's Registration Certificate (RC), valid insurance, PUC certificate, and a valuation/inspection report arranged by the lender or an empanelled valuer.
Yes. Most lenders allow prepayment after a lock-in period of 6–12 months, subject to foreclosure charges of 2%–5% of the outstanding principal. Check your loan agreement for exact terms.
Ready to Buy Your Next Used Car?
Our car loan specialists match your profile with the best lender within 24 hours.
Pre-Owned Car Loan Lending Partners