Used Car Loan

We provide loans for used cars that are not more than 5 years old at the time of loan application. The car should be in good running condition with valid registration and insurance.

The loan amount is based on the current market value of the used car, its age, condition, and your repayment capacity. Typically, you can get up to 85% of the car's assessed value as a loan.

Yes, you can finance a used car purchased from both dealers and individual sellers. However, the car must have proper documentation, clear title, and should pass our technical evaluation.

Used car loan interest rates are typically 1-2% higher than new car loans due to higher risk. However, we offer competitive rates starting from 11% p.a. onwards, which are among the best in the market for used car financing.

Yes, a technical inspection of the used car is mandatory to assess its condition, verify details, and determine its current market value. We arrange for professional inspection as part of the loan process.