Used Car Loan

Buy a pre-owned car with our affordable used car loan solutions. Get loans up to 85% of the car's value with competitive interest rates starting from 10.5% and flexible repayment options up to 5 years.

Apply Now
Used Car Loan

Loan Features

  • Up to 85% of value
  • Interest from 10.5%
  • Tenure up to 5 years
  • Car age up to 10 years

What is a Used Car Loan?

A Used Car Loan is a secured loan that helps you purchase a pre-owned or second-hand car. The car itself serves as collateral for the loan. With competitive interest rates and flexible repayment terms, you can buy a quality used car without straining your finances.

At Vision Paid, we partner with leading banks and NBFCs to offer used car loans with the best interest rates and minimal documentation. Whether you're buying a hatchback, sedan, SUV, or luxury car, we have the perfect financing solution for you.

Features of Our Used Car Loans

High Loan Amount: Get financing up to 85% of the car's market value.

Competitive Interest Rates: Our used car loan interest rates start from just 10.5% per annum.

Flexible Repayment: Choose a repayment period of up to 5 years, making your EMIs affordable.

Age of Car: Finance cars up to 10 years old at the time of loan application.

Quick Processing: Get your loan approved within 24-48 hours with minimal documentation.

Wide Network: Tie-ups with authorized dealers and individual sellers.

Car Valuation: Expert valuation to ensure fair loan amount.

Compare Used Car Loan Offers

Find the best used car loan deals from top banks

Bank Name Interest Rate Processing Fee Loan Tenure Max LTV Apply Now
HDFC Bank Used Car Loan 10.50% - 13.50% Up to 2.00% Up to 5 years Up to 85% Apply Now
ICICI Bank Used Car Loan 11.00% - 14.00% Up to 2.00% Up to 5 years Up to 80% Apply Now
Axis Bank Used Car Loan 11.50% - 14.50% Up to 2.00% Up to 5 years Up to 85% Apply Now
Kotak Mahindra Used Car Loan 11.00% - 15.00% Up to 2.50% Up to 5 years Up to 80% Apply Now
Tata Capital Used Car Loan 11.50% - 14.00% Up to 2.00% Up to 5 years Up to 85% Apply Now

How It Works

Simple 5-step process to get your used car loan

1

Select Your Car

Choose a pre-owned car from dealer or individual.

2

Car Valuation

Get the car valued by our experts.

3

Apply Online

Fill out our used car loan application.

4

Document Verification

Submit KYC, income, and car documents.

5

Loan Disbursal

Get funds transferred to seller.

Required Documents

Keep these documents ready for quick processing

Applicant Documents

  • Aadhaar Card
  • PAN Card
  • Passport size photographs
  • Address proof
  • Income proof (Salary slips/ITR)
  • Bank statements

Car Documents

  • RC Book (Registration Certificate)
  • Insurance documents
  • Pollution Under Control (PUC)
  • Service history records
  • Form 29 & 30 (Transfer forms)
  • NOC from previous owner (if applicable)

Eligibility Criteria

Check if you qualify for a used car loan

Age Criteria

Minimum age: 21 years | Maximum age at loan maturity: 60-65 years

Car Age

Car should not be more than 10 years old at the time of loan application

Income Requirement

Minimum monthly income: ₹20,000 for salaried | ₹2.5 Lakhs annually for self-employed

Credit Score

Minimum CIBIL Score: 650+ for approval. Higher scores get better rates.

Ready to Buy Your Pre-Owned Car?

Apply now for a used car loan and get the best financing options for your dream vehicle.

Call 8595318334

Mon - Sat: 09:00 AM - 08:00 PM

Call Us 8595318334
Visit Us Vision paid, Radharaman Mansion, Hospital road, near bilpar point, opposite IDBI BANK, 788005