Explore the key advantages of financing your chosen second-hand car easily, affordably, and reliably with Doloans.
Key features and details for Doloans car loans.
Feature
Details
Loan Amount
₹1 Lakh to ₹50 Lakhs
Interest Rates
Starting from 9.5% p.a
Tenure
Up to 5 Years
Loan - to - Value (LTV)
Up to 90% of the car value
Approval Time
24 - 48 Hours
Eligibility
Salaried & Self Employed
Prepayment Option
Allowed (Charges may apply)
Car Age Limit
Vehicles up to 10 years old are eligible
Documentation
Minimal paperwork, quick digital process
Your Used Car, Your Terms : Flexible Loan Features
With great used car finance interest rates, adaptable terms, and swift processing, enjoy loan features that help you confidently drive your chosen vehicle.
Flexible Repayment Options
Choose comfortable EMIs and tenures for your pre-owned car.
Generous Loan-to-Value (LTV)
Get substantial financing based on your used car's valuation.
Easy Online Application
Apply for your used car loan digitally. Simple and paperless.
Fast Loan Disbursal
Access your used car loan funds quickly after final approval.
Do You Qualify?
See Used Car Loan Eligibility Criteria Below
A quick look at used car loan eligibility requirements :
Eligibility criteria and requirements for car loan applicants.
Criterion
Requirement
Age
21-60 years
Employment
Salaried / Self-Employed
Income
Min. Threshold Met
Credit Score
650+
Work Experience
1-2 years+
Why Is Doloans Your Ideal Used Car Loan Partner?
Ready to drive your ideal used car? Here’s how Doloans’ seamless online process works for your used car loan.
Competitive Used Car Finance Interest Rates
Get attractive used car loan interest rates for your budget.
Zero Foreclosure Charges
Pay off your used car loan early with no penalty. Save more.
Quick & Easy Digital Process
Finance your used car online - quick, paperless, and smooth.
Safe Eligibility Check
Check your used car loan eligibility without harming your score.
No Hidden Fees
Enjoy transparent processing of Used Car Loan financing with zero hidden fees.
Minimal Documentation
Apply for your used car loan online with minimal paperwork.
Apply For A Second-Hand Car Loan Online
In Just 3 Simple Steps
From eligibility to disbursal — here's how to secure your car loan without stepping out.
Check Your Used Car Loan Eligibility
Provide basic personal and pre-owned car details to instantly check your used car loan eligibility and understand financing options.
1
Select the Best Used Car Loan Offer
Explore personalised used car loan offers from trusted lenders, comparing used car loan interest rates and terms to find your perfect match.
2
Easy Documentation & Fast Disbursal
Upload the necessary documents online. After quick verification and vehicle valuation, you will receive fast disbursal for your second-hand car loan.
Interest Payable (Total Interest throughout the loan duration)
₹2,45,501
Total Amount payable
₹12,45,501
EMI Payment Schedule
View Monthly and Yearly Payments
Partnered With The Best Banks & NBFCs
By joining forces with leading used car loan banks and NBFCs, we provide access to some of the best used car finance interest rates and adaptable loan terms
Smart Strategies For Your Best Used Car Loan Online
A little preparation goes a long way. Here’s how to make sure you're getting great terms and value.
Your go-to list for all documents required for a smooth used car loan process.
PAN Card (Copy)
Aadhaar Card (Copy - for ID & Address Proof)
Recent Passport-sized Photographs
Latest Salary Slips (e.g., last 3 to 6 months)
Bank Account Statements (e.g., last 6 months, showing salary credits)
Form 16 or Income Tax Returns (Latest)
Employment ID Card / Proof of Employment (e.g., Appointment Letter)
Income Tax Returns of the last 2 to 3 years
Financial Statements for the previous 2-3 years
Bank Account Statements of the last 6 to 12 months
Proof of Business Existence (e.g., GST Registration, Shop Act License, Partnership Deed, etc.)
Office Address Proof
Get your CIBIL Credit Report
worth ₹500 for FREE
5 Lac+ people have got their Credit Scores for FREE!
Have Questions? We’ve Got Answers!
Find quick answers to common questions about our Used car loan products and processes.
Does Urban Money help fund used bikes??
We focus on brand-new two-wheelers because they give clearer value and easier paperwork. If you’re eyeing a well-kept second-hand bike, ring our support line or drop an email; we’ll tell you which lenders currently fund pre-owned models and their terms..
How much is a CIBIL score needed for a Used car loan?
Most lenders consider a CIBIL score of at least 650. A higher score may help you get better car loan interest rates.
Are Used car loans accessible to students or first-time buyers?
Yes. You may qualify if you hold a valid driving licence and add a parent or another trusted adult with steady income as a co-applicant. Their stronger credit history helps balance yours, giving you a fair chance at approval with competitive interest rates..
Can self-employed people apply for a Used car loan?
Yes. You can easily apply if you are self-employed or run a business. You must ensure that your income and credit score are stable.
Do you serve rural areas?
We cover many rural PIN codes through digital paperwork and a wide dealership network. We can process everything online if a partner lender works in your district and local transport rules allow registration.
How much car loan can I get?
You may be eligible to receive 100% of your car's on-road price. The final amount may depend on your profile, the car, and the lender's policy.
Can I clear my two-wheeler loan early?
You may repay early, in part or whole. Several lenders waive foreclosure fees after 6 months, while others charge a modest percentage of the outstanding balance. Read the policy carefully before committing to your loan application so you can plan an exit without surprises.
Are Doloans used car loan interest rates fixed or floating?
Used Car loan interest rates are usually fixed. This means your EMI stays the same every month. The rate depends on your credit score, car model, and loan amount.
What fees will I pay upfront?
Every loan carries a one-time processing fee that covers paperwork, technical valuation, and GST. The amount is small compared to the loan size and is shown upfront on your sanction letter, alongside any stamp duty, insurance premium, or other predictable charges.
How long does the approval and disbursal take?
The process is fast. You can apply with Doloans to fast-track your application. After successfully passing the eligibility test, you can get approval and disbursal quickly.
What are the fees and charges for a used car loan?
There's a one-time processing fee. Stamp duty may also apply, depending on your state. We don't hide charges. You'll see all costs before you apply.
Can I prepay or close my loan early?
Yes, you can repay your car loan before the full term ends. Some lenders may allow this without charging extra. Check the terms in your agreement.
What documents do I need for a used car loan?
You'll need your PAN card, Aadhaar card, proof of income, and bank statements and vehicle details. The documents you need may change depending on whether you are salaried or self-employed.
Will the Registration Certificate be under my name?
The car will be in your name. However, while the loan is active, the lender's name will be shown as a lien on the Registration Certificate.
What if I want to sell the car before finishing the loan?
First, you'll need to pay off the remaining loan. Once that's done, we'll remove the lien. Then, you can go ahead and sell the car.
Disclaimer:
The website may provide information about various loan products, insurance products, credit scores & links to other websites or resources over which Doloans does not have control as such information & links are received from the Banks, NBFCs, Insurance companies & credit rating agencies. Users of this website acknowledge that Doloans is providing these information & links only as a convenience, and further agree that Doloans is not responsible for the veracity of such information. Please note that users are advised to independently verify the information & do other requisite due diligence before making any decision and that Doloans nor its employees, partners, and associated staff are not accountable for any loss, harm, or damage due to usage of information from this website. And further that user’s use of links to such external websites are subject to the terms of use and privacy policies located on those sites.
