Certified Pre-Owned

Used Car Loan

Drive home a certified pre-owned car with up to 85% financing at competitive rates.

Finance a quality certified pre-owned vehicle from any dealership or private seller. Loans up to ₹25 Lakhs with flexible repayment from 12 to 60 months and same-day approval on verified vehicles.

Used Car Loan illustration
Certified Pre-OwnedFrom 9.15% p.a.
Product SpecificationREF: USED-CAR-LOAN
Interest Rates9.15% p.a.
Maximum Financing₹25 Lakhs
Repayment HorizonUp to 5 Years (60 Mo)
Processing FeeFlat ₹3,000 – ₹6,000
Live Loan Simulator

Used Car Loan EMI Calculator

Adjust principal, anticipated rate, and loan duration to calculate your exact monthly commitment and overall payout.

₹6,00,000
₹1,00,000₹25,00,000
12.00%
11%18%
36 Mo
12 Mo60 Mo
Estimated Monthly EMI
₹19,929
Principal Amount₹6,00,000
Total Interest Payable₹1,17,429
Total Repayment Amount₹7,17,429
Key Advantages

Why choose RawaniGrow for your Used Car Loan

Our institutional advisory model ensures maximum approval certainty with preferential interest rates.

Finance up to 85% of vehicle valuation or invoice value
Covers certified pre-owned cars from all major brands
Flexible repayment from 12 to 60 months
Same-day sanction on vehicle inspection completion
Minimal documentation with digital KYC verification
Competitive rates irrespective of vehicle age (up to 10 years)
Application Requirements

Eligibility & Required Documentation

Check qualification thresholds and prepare required verification paperwork beforehand for same-day processing.

Who is Eligible

  • Salaried individuals with minimum net salary of ₹20,000/month
  • Self-employed with stable income proof for 2+ years
  • Age criteria: 21 to 65 years
  • Vehicle age not more than 10 years at loan maturity
  • Valid driving licence or co-applicant with valid licence

Required Documents

  • Vehicle RC Book, Insurance Certificate, and Fitness Certificate
  • Seller's NOC (if applicable) or dealership invoice
  • PAN Card & Aadhaar Card / Passport
  • Last 3 months salary slips or last 2 years ITR
  • Last 6 months bank statements
Questions

Used Car Loan FAQs

Frequently asked questions specific to Used Car Loan applications, interest rules, and approvals.

Most lenders finance used cars up to 10 years old at loan maturity. A well-maintained car with clear RC and valid insurance gets the best valuation and loan amount.

Yes, the lender arranges a quick valuation/inspection of the vehicle to determine the current market value. This is typically done within 24 hours and does not require you to visit a branch.

Yes, select partner banks and NBFCs finance private party used car purchases. You will need a clear title, valid RC, and a mutually agreed sale agreement along with standard KYC documents.

Ready to secure your Used Car Loan?

Our advisory desk checks live sanction guidelines across 70+ lenders and guides your application end-to-end at zero fee.