LoanTap has customised Loan offers to help you purchase a pre-owned car.
You can now own your own car by choosing LoanTap’s Used Car Loan. This is an ideal option if you are looking forward to purchasing any car ranging from INR 50,000 to INR 10,00,000 . You can repay back your used car loan in Fixed Equated Monthly installments where interest is recalculated on the fresh principal outstanding every month. This offer is best suited for you if you are sure of the exact loan amount and tenure and your income is constant.
Apply NowDid you know you could take home your pre-owned car in less than 24 hours !! You can now avail used car loans up to Rs. 10,00,000 on a wide range of used cars / vehicles of your choice. You can borrow up to 100% of the value of the car* and pay in small installments across a tenure of 12 to 36 months.
Avail Used Car Loan online in less than 24 hours.
Choose how you want to repay your Loan for Used Cars. You can avail a fixed EMI option spread throughout the loan tenure.
You can get a Used Car on EMI with basic minimum documents
Our Used Car Loans come with No hidden or pre-closure charges.
If you are looking forward to buy a Used Car on EMI, you must qualify under the below mentioned eligibility criteria
If you are looking forward to buy a Used Car on EMI, you must qualify under the below mentioned eligibility criteria
Purchasing brand new cars proves to be very expensive especially when you desire to own a specific model like a compact SUV or a sedan. Thus, choosing to go for a pre-owned vehicle would not only let you select a car of your choice but also would cost you much less than the brand new version of the same car model.
The value of your new car starts depreciating the moment it leaves the showroom. For example, most common depreciation rate is 20% per year, summing up to 50% in the initial years itself. Selecting a pre-owned car helps you avoid value depreciation.
By choosing a pre-owned car, you can avoid the government taxes like road tax, green tax as the previous owner would have done the needful during the purchase.
Apply online and upload basic documents to get a Used Car on EMI. You can even verify KYC online in 2 minutes
Download documents as per checklist, sign and handover to our representative or complete the steps online if your Aadhar is linked to your mobile number
Once your loan is approved, we activate instant disbursal of your Used Car Loan
