Financing Made Simple: Why Indians Prefer CARS24 for Their Used Car Loans

Buying a used car is a feeling beyond words, but for many Indian buyers, access to reliable financing is often a struggle. From confusing eligibility requirements to complicated paperwork, a majority of buyers give up on their dream of bringing home a used car simply because of unreliable financing.

But with CARS24 transforming used car buying into a seamless, transparent and trustworthy journey, reliable financing is just a click away. With fully digital financing solutions, CARS24 has made purchasing a pre-owned car easier than ever before. In a market where trust, simplicity and peace of mind matter the most, here is how CARS24’s flexible financing solutions help millions of buyers bring home the used car they love. 

Flexible Financing Solutions For Every Buyer

Used car buyers today want clarity, flexibility and reliability all in one place. And these are the three pillars around which CARS24’s flexible financing model revolves. 

Ensuring that every customer gets the right balance of convenience and affordability, CARS24 offers buyers a host of tailored advantages that make the entire financing process a breeze. 

Digital Financing With Zero Paperwork Hassles

Traditional financing processes involve stacks of documentation, multiple branch visits and long approval periods. At CARS24, however, buyers get access to a fully online and 100% paperless financing process. From eligibility checks to loan sanctioning, the entire process is completely digital and is managed by specialised teams to ensure maximum efficiency and minimum hassles.

Up To Zero Down Payment for Eligible Buyers

One of the biggest challenges in buying a used car is arranging the down payment. CARS24 solves this with its up to 0 down payment option (for eligible buyers) that makes car ownership far more affordable, especially for first-time buyers who want to bring home the used car they love, without the high initial costs. Buyers eligible for zero down payments can easily bring home the used car they love, with the entire purchase amount converted into easy EMIs.

Flexible EMI Tenures

CARS24 understands that every customer’s financial situation is as unique as they are. With EMI plans extending up to 72 months, buyers can choose repayment timelines that match their comfort and monthly finances. 

Be it a smaller EMI or a shorter tenure, financing through CARS24 helps buyers adapt to their individual needs rather than abiding by standardised, rigid terms and repayment schedules.

Fast Approvals and Same Day Processing

Speed is one of the biggest strengths of CARS24’s financing services. With quick disbursals and instant approvals for eligible buyers, it takes just a few hours to make your dream of owning a used car a reality. This significantly reduces uncertainty and ensures buyers can take home their chosen car sooner.

How CARS24’s Financing Process Works

What makes CARS24’s flexible financing solutions truly stand out is their simplicity and hassle-free nature. The platform, with its customer-centric approach, integrates the entire process of buying a used car, from selection to loan approval, into one seamless flow, ensuring buyers don’t have to juggle multiple banks or third-party agents.

Step 1: Choose Your Car: 

Once a buyer finds the used car they love on the CARS24 app or website, they can simply explore EMI plans by clicking Check EMI Offers. This immediately opens up customised financing options based on the selected vehicle.

Step 2: Enter Basic Details: 

The buyer is then prompted to share details such as basic personal information, income details and KYC documents numbers. This helps CARS24 to quickly build a preliminary credit profile for further processing.

Step 3: Instant Profile Analysis and Eligibility Check

Based on the basic details entered, CARS24’s system analyses the buyer’s profile on multiple parameters, including credit score, income range, financial history, and overall loan eligibility. Based on these factors, it generates tailored loan options that offer the lowest available EMI and the best possible tenure.

Step 4: Pre-Approved Loans and Zero Down Payment Options: 

Depending on the credit profile, eligible buyers may receive pre-approved loan offers and access to zero down payment, making the process even more effortless.

Step 5 - Loan Sanction and Disbursal: 

After selecting the preferred EMI plan, the buyer can move ahead with a 100% digital sanction process, without any paperwork or in-person visits.

Step 6 - Drive Home With Confidence: 

Once approved, buyers can bring home their car with the tenure and EMI plan they have chosen. Even those who aren’t eligible for zero down payment can benefit from minimal upfront payment and flexible EMI structures.

Seamless Financing For Every Buyer

CARS24 has transformed used car financing into a hassle-free and seamless process that ensures maximum peace of mind. By eliminating conventional obstacles, CARS24, with its zero down payment options, flexible EMIs, instant approvals, and a 100% digital loan process, has transformed the way Indian buyers finance their dream used cars.