{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.indusind.com\/iblogs\/categories\/manage-your-finance\/where-can-i-get-the-best-loan-for-pre-owned-cars\/#BlogPosting","mainEntityOfPage":"https:\/\/www.indusind.com\/iblogs\/categories\/manage-your-finance\/where-can-i-get-the-best-loan-for-pre-owned-cars\/","headline":"Where Can I Get the Best Loan for Pre-Owned Cars?","name":"Where Can I Get the Best Loan for Pre-Owned Cars?","description":"With competitive interest rates, flexible repayment tenure, and a hassle-free application process, IndusInd Bank offers the perfect financing solution for a pre-owned car purchase. When purchasing a pre-owned car, finding the right financing option is crucial. To find the best loan for a used car, you must explore various options and consider factors such as...","datePublished":"2023-09-02","dateModified":"2023-09-12","author":{"@type":"Person","@id":"https:\/\/www.indusind.com\/iblogs\/author\/indusind\/#Person","name":"IndusInd Bank","url":"https:\/\/www.indusind.com\/iblogs\/author\/indusind\/","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/8169561f34fb61e737060f1a537a86e2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/8169561f34fb61e737060f1a537a86e2?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"IndusInd","logo":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","width":201,"height":86}},"image":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/pre-ownwdcard.jpg","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/pre-ownwdcard.jpg","height":400,"width":1060},"url":"https:\/\/www.indusind.com\/iblogs\/categories\/manage-your-finance\/where-can-i-get-the-best-loan-for-pre-owned-cars\/","about":["Manage your Finance"],"wordCount":1195,"keywords":["apply for used car loan","Pre-owned Car Loan","used car loan"],"articleBody":"With competitive interest rates, flexible repayment tenure, and a hassle-free application process, IndusInd Bank offers the perfect financing solution for a pre-owned car purchase.When purchasing a pre-owned car, finding the right financing option is crucial. To find the best loan for a used car, you must explore various options and consider factors such as interest rates, loan tenure, and application process. Among the various options available, IndusInd Bank’s pre-owned car loan is an excellent choice. With attractive interest rates and flexible repayment tenure, IndusInd Bank offers a comprehensive and hassle-free financing solution for a pre-owned car purchase. Keep reading to explore the benefits of IndusInd Bank\u2019s used car loan and its online application process.Benefits Of IndusInd Bank\u2019s Pre-owned Car LoanIndusInd Bank\u2019s pre-owned car loan has several benefits for customers looking to finance a used car purchase. Some of the key benefits are:Competitive Interest RatesIndusInd Bank offers borrowers attractive interest rates for pre-owned car loans, enabling them to avail of affordable EMIs.Repayment TenureBorrowers can choose a repayment tenure of up to 60 months.Minimal DocumentationThe bank has streamlined the loan application process, reducing the paperwork burden for borrowers.Quick Loan ProcessingThe bank has implemented an efficient loan processing system to minimise borrowers’ waiting time and ensure faster funds\u2019 disbursal.High Loan Amount  Individuals can secure a loan amount of up to INR 25 lakhs. The bank offers up to 100% finance, allowing borrowers to borrow the total cost of the pre-owned car they want to purchase.Pre-owned Car Loan Eligibility Criteria and DocumentationFor Salaried Individuals:EligibilityThe minimum age is 23 yearsThe maximum age is the retirement ageThe minimum income is INR 2.5 lakhs per annumEmployment stability of at least one year in current employmentResidence stability of one year in the current residence and at least 2 years in the same city\/ no stability required in case of own houseDocuments RequiredAsset Documentation:RC copy with the original verified sealValuation report & Vehicle inspection reportCopy of Insurance PolicyIncome Proof:Form 17Last 3 months’ salary slipsLatest Income Tax ReturnsBank StatementsNo Income Proof:Last 6 months’ bank statementsBusiness incorporation certificate or business continuity proof for the last 3 yearsOwned residence stability proofFor Self-Employed Individuals:EligibilityThe minimum age is 25 yearsThe maximum age is the retirement ageThe minimum income is INR 2.5 lakhs per annumEmployment stability of at least one year in current employmentDocuments RequiredAsset Documentation:RC copy with the original verified sealValuation report & Vehicle inspection reportCopy of Insurance PolicyIncome Proof:Latest Income Tax ReturnsBalance Sheet for the previous financial yearLast 3 months’ bank statementsBusiness Incorporation CertificateApplication Process for Pre-owned Car LoanFollow the instructions below to apply for a used car loanonline with IndusInd Bank:Go to IndusInd Bank\u2019s pre-owned car loan webpageSimply click the \u201cApply Now\u201d button and choose the specific car loan option you requireOn the next page, fill in some basic information like your Name, Mobile Number, PAN, and pin codeAfter submitting your details, an agent from IndusInd Bank will get in touch with you. They will explain the loan features and guide you through the application processWhether you are a first-time car buyer or looking to upgrade your current vehicle, IndusInd Bank is here to help you get the financial support you need.Apply for a used car loan with IndusInd Bank today and unlock the door to affordable car financing!Disclaimer:\u00a0The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct \/ indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.Share This:"}