Get quick and hassle-free used car loan

Unlock the door to your dream car in just a few
minutes with our pre-approved loans!

  • Get up toGet up toDown payment
  • Tenure up toTenure up toMonths
  • Interest fromInterest fromp.a.

Get free CIBIL score with your offer!

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Financing byCARS24

Finance your dream car the way you want! Secure a pre-owned car loan with zero down payment, loan tenures of up to 6 years, and up to 100% on-road financing. Say goodbye to the hassles of paperwork—we’ll give you a loan offer in minutes with same day, paperless approval.

Regardless of your profession or background, our loan offers extend to individuals with incomes as low as ₹15,000/month. Get 360° support during the loan process and after, and discover the joy of owning your own car.

Why choose CARS24 loans?

Finance it your way!

Finance it your way!

Customise EMIs with as low as zero down payment and up to 6 year loan tenure starting at 12% ROI

Loan offer in minutes

Loan offer in minutes

Check your eligibility and get a loan offer within 2 minutes with minimal documentation

Pan India financing

Pan India financing

Coverage across all major indian cities with 15,000+ serviceable PIN codes`

Loans for any car

Loans for any car

Get a loan for pre-owned cars up to 14 years of age

Eligibility criteria and documents required



Indian nationals aged between 21-65 years



Aadhaar/Passport/Voter ID, PAN and bank statement



Salaried/Self-employed Monthly income > ₹15,000

CIBIL score

CIBIL score

Greater than 650 is recommended

Understand our 6-step loan process

Loan pre-approval
Share basic details

Share basic details

Book a car you love

Book a car you love

Loan offer
Share bank statement

Share bank statement

Customise your EMI

Customise your EMI

Verify address and KYC

Verify address and KYC

E-sign loan agreement

E-sign loan agreement

Loan disbursal

EMI simplified! Calculate
your monthly payment

Loan amount
12 months72 months
Interest rate

Loan amount6,00,000

Interest @12% p.a.+ ₹2,44,560

Total amount8,44,560

Used car loan interest and charges

We have outlined the various charges that might be applicable when applying for or availing a used car loan

Pre-sales charges

These are expenses and fees that are incurred before the actual sale or purchase of a used vehicle

Post-sales charges

These refer to the expenses and fees incurred after the sale or purchase of a vehicle has been completed

Collection and legal charges

These charges are applicable when a car is repossessed by the lender in case of a loan default

Miscellaneous charges & fees

There are certain miscellaneous charges and fees that may apply during a used car loan process

Our journey so far

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    Loan amount disbursed
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    Financing partners
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    App downloads

Customers love️ our easy loans

My loan was processed just within 2 days

I needed a loan to purchase a car. CARS24 let me know all the details beforehand & the loan was approved just within 2 days.

The loan process is really convenient & smooth

The physical documentation is really minimal & you can buy the car in just a single visit. Loan & documentation gets done very quickly.

Frequently asked questions

Frequently Asked Questions

What is a used car loan, and how does it work?arrow

A used car loan is a type of personal loan that is used to purchase a used car. The lender will provide you with a loan amount that is based on the value of the car, your credit score, and your income. You will then repay the loan with interest over a set period of time.

What is the maximum loan amount for a used car loan?arrow

The maximum loan amount for a used car loan will vary depending on the lender. However, most lenders will allow you to borrow up to 100% of the value of the car.

What is the average interest rate on a second-hand car?arrow

The average interest rate on a used car loan is currently around 12%. However, your interest rate will vary depending on your credit score and the lender you choose.

What is the repayment term for a used car loan?arrow

The repayment term for a used car loan is typically between 12 and 72 months. However, some lenders may offer longer terms for older cars.

Can I get a used car loan with a low credit score?arrow

Yes, it is possible to get a used car loan with a low credit score. However, you may have to pay a higher interest rate and borrow a smaller amount of money.

What are some tips for getting approved for a used car loan?arrow

Some of the things you can do to ensure you get approved for a used car loan are:
  • Make sure you have a good credit score.
  • Have a down payment ready.
  • Get pre-approved for a loan before you start shopping for a car.
  • Shop around and compare rates from different lenders.

Is it possible to apply for a used car loan online?arrow

Yes, it is possible to apply for a used car loan online. Most lenders have online application processes that are quick and easy to complete.

If you have further questions, please do not hesitate to reach out to us on care.loans@cars24.com