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Upgrade your drive with our easy Used Car Loans

  • Loan approval in just 4 hours
  • Up to 95% funding
  • Apply without Income Proof
  • Flexible Repayment

What is a Used Car Loan?

If you’re considering buying a pre-owned vehicle and require financial assistance, our Used Car Loan is the ideal solution. We offer competitive interest rates on loans for used cars and provide flexible repayment choices, making Used Car Loans accessible to all. We make your purchasing journey smooth through our easy documentation process and offer up to 95%* funding based on the asset’s value. Get the funds you need at the earliest, with our instant approval process as we are committed to providing you with the best Used Car Loans at affordable interest rates.

Key Features and Benefits of Used Car Loans

A Used Car Loan comes with a variety of benefits. From instant Loan approvals to Loan disbursals without any income proof, we provide you with the best Used Car Loans. Here are the key benefits and features:

Approval in just 4 hours

Once your documents are verified, you can get your Used Car Loan approved in just 4 hours with an instant Loan approval process.

Financing up to 95%

Bring home a pre-owned car of your choice at a minimal downpayment. Get funding up to 95%.

No income proof required

Get Used Car Loans without any income proof. This ensures that the Loan process is easy and more accessible to individuals with no traditional income documentation.

Flexible repayment

Enjoy convenient and flexible monthly repayment options from 12 to 60 months. Using the Used Car Valuation Tool, estimate your potential EMI.

Easy documentation

Enjoy a smooth and trouble-free process when applying for a Used Car Loan, with minimal paperwork. We believe in a straightforward and uncomplicated documentation process.

Affordable interest rates

Flexible interest rates make owning a second-hand car easier. Avail Used Car Loans at affordable interest rates.

Charges on Used Car Loans

Schedule of Charges Charges (inclusive of GST)
Processing Fee Upto 10%
Penal Charges 36% per annum on unpaid installment
Foreclosure charges a) Remaining Loan Tenor is <= 12 months: 3% on principal outstanding
b) Remaining Loan tenor is from >12 to <=24 months: 4% on principal outstanding
c) Remaining Loan tenor is > 24 months: 5% on principal outstanding
Other charges
Cheque bounce charges Rs. 600
Duplicate NDC/NOC charge Rs.500

Used Car Loan Valuation Tool



₹ 10000 ₹ 0
2% 35%
6 Months 48 Months
Monthly Loan EMI
Down Payment

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Disclaimer : These results are for indicative purposes only. Actual results may vary. For exact details, please contact us.

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Eligibility Criteria for Used Car Loan

To determine your eligibility for a Used Car Loan, you can review the criteria based on your employment type. Please ensure that you meet all the eligibility requirements mentioned below before applying for a Used Car Loan.

Documents Required to Apply for a Used Car Loan

Proper documentation plays a major role in quicker loan approval. Here is a list of documents required for salaried and self-employed individuals to secure a Used Car Loan.

How to Apply for a Used Car Loan?

Follow these 3 easy steps to apply for a Used Car Loan online.

Select Vehicle

Decide on the pre-owned car you want to purchase.


Quick Approval

Submit the required documents and get an instant approval.


Loan Sanction

Get your Loan processed and bring home your desired car.

Are you an existing customer?

Welcome back, submit the below-mentioned details and get a new used car loan.

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Frequently Asked Questions

TVS Credit provides repayment tenure of up to 60 months with low-interest rates.

Yes, you can get an EMI option for second-hand Car Loans. Checkout the estimated EMI for your 2nd hand Car Loan by using our Used Car Loan EMI Valuation Tool.

Yes, when you opt for a Used Car Loan, you need to make a down payment. TVS Credit finances 95% of your desired second-hand car.

Your credit score should be 750 or above. This will increase your eligibility to avail of a Used Car Loan. You can check out your eligibility criteria, submit documentation and get quick approval.

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