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Used Car Loan

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Used Car Loan

Take home your dream car!

  • Are you looking to buy second-hand car?
  • We offer easy EMIs and flexible repayment plans to make your dream come true!

Why choose our car loan?

  • Loan Amount: 50% to 80% of the car’s current market value
  • Repayment Tenure: 12 to 60 months (1 to 5 years)
  • Interest Rate: Starts from 10% to 14% per annum (may vary based on credit  profile)
  • Processing Time: Quick approval within 24 to 48 hours   
  • Loan Type: Secured loan (car hypothecated to the lender)

Benefits of Our Used Car Loan Service

  • Affordable monthly EMI options
  • Applicable for vehicles purchased from dealers or individuals
  • Pre-closure or part-payment options (as per bank terms)
  • Transparent processing with no hidden charges
  • Assistance with vehicle valuation and documentation

Eligibility Criteria

  • Age: 24 to 60 years
  • Minimum Income: ₹20,000 per month (varies by bank)
  • Employment Type: Salaried, self-employed, or business owners
  • Vehicle Age Limit: Most banks accept cars up to 8–10 years old

Documentation Required

For Individual Applicants:

  • PAN Card
  • Aadhaar Card / Address Proof
  • Income Proof (Salary Slip / Bank Statement / ITR)
  • Photograph
  • Vehicle Documents (RC, Insurance, etc.)

For Self-Employed / Business Owners:

  • Business Registration Certificate / GST
  • Last 2 years' Income Tax Returns (ITR)
  • 6 months’ Bank Statement
  • KYC of Proprietor / Partners / Directors

FAQ'S

A loan to finance the purchase of a pre-owned or second-hand vehicle.

Depends on the lender but typically ranges up to 90% of the car's value.

Yes, you can get a loan for an old car, but it may come with higher interest rates.

Yes, a down payment is often required for a used car loan, but it depends on the lender.

Yes, prepayment is generally allowed on used car loans, but it may be subject to charges or conditions.

How to Apply?

  • Visit our website www.maafinance.xtrazcon.com or
  • call/WhatsApp us on +9170699 19906
  • You can also email us at maafinance27@gmail.com to get started.
  • Our team will guide you through every step of the process.

Have Query ?