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loans24

Buy your dream car with affordable used car loans

4,000 Cr+ disbursed in loans
any car • any seller •anywhere

Exclusive benefits

with our used car loan

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Up to zero down payment

Drive your new car with ease—enjoy up to 100% on-road funding and even up to 120% of the car’s value, making it lighter on your pocket from day 1

Easy steps for used car loan

SWIFT, SIMPLE & SECURE
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Share basic details

Enter few personal & address details for us to check eligiblity

Add car details

Customize offer

KYC & E-sign

Amount disbursal

New way to buy used cars
with our used car loan features

Features
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Banks
NBFCs
Attractive loan terms
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Know your car inside out
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Inspection report

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Service history

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Drive with assurance
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Warranty

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Service contract

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Roadside assistance

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Assured buyback

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End-to-end digital journey
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How to apply for used car loan

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Over 80,000+ happy reviews

Thank you, Ved Prakash, for your excellent support. You made the loan process completely stress-free. I truly appreciate the outstanding service I received from LOANS24.

Warren Fernandes
Mumbai

Thank you, Raksha, for making my loan process completely stress-free. The overall experience was fantastic. If you're considering a used car loan, I highly recommend LOANS24!

Ritesh Gholap
Ahmedabad

Shilpa from the finance department was very helpful. LOANS24 provides excellent service. Highly satisfied!

Rupansh Kapoor
Bangalore

Thank you, Ved Prakash, for your excellent support. You made the loan process completely stress-free. I truly appreciate the outstanding service I received from LOANS24.

Warren Fernandes
Mumbai

Thank you, Raksha, for making my loan process completely stress-free. The overall experience was fantastic. If you're considering a used car loan, I highly recommend LOANS24!

Ritesh Gholap
Ahmedabad

Used car loan EMI Calculator

Loan amount
₹50,000₹50,00,000
Tenure
12 months72 months
Interest rate
10%25%

Your monthly EMI will be

₹31,718

Principal amount
₹15,00,000

Interest @15% p.a.
+ ₹7,83,661

Total amount
₹22,83,661

Eligibility criteria and documents required for a used car loan

Eligibility criteria

  • Age

    18-63 years of age

  • Employment status

    Serving everyone - salaried, self-employed, and pensioners

  • Minimum income

    Minimum income of ₹15,000 per month

  • Credit score

    Credit score of 650 or above

Documents required

  • Identity proof:

    • PAN card (mandatory)
    • Aadhar card / Driver’s license / Voter ID / Passport

  • Address proof:

    • Aadhar card / Passport / Voter ID / Driver’s license / Utility bills / Passport / Notarised rent agreement

  • Income proof (optional):

    • 6 months’ bank statement
    • 3 months’ salary slips or equivalent business proof

  • Vehicle documents:

    • Vehicle registration number/registration certificate (RC)

Used car loan interest rate and charges

Buying a car is a big monetary decision. We offer low-interest rates and minimal charges to ease your purchase. You can look at our different types of fees and charges.

15+ lending partners

Common Questions about used car loan

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

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

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

What is the repayment term for a used car loan?

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

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