Used car loan eligibilityEverything you need to know

Age

To apply for a used car loan, you typically need to be at least 21 years old. Generally, there is an upper age limit of 65 years, at the time of loan maturity

Employment status

We prefer applicants who have been employed for a minimum period of six months to a year, and provide loans to salaried professionals, self-employed individuals, and pensioners.

Minimum income

Your income plays a pivotal role in determining your eligibility. We have a minimum income requirement of ₹15,000 that you must meet to qualify

Credit score

Your credit score reflects your creditworthiness. There is usually a minimum credit score requirement for used car loans, but a score of 650 or higher is recommended

Avg. quarterly balance

The minimum average quarterly balance needed in your bank account is ₹1,000 to become eligible for a used car loan