Used Car Loan

A Used Car Loan is a type of financing that helps you borrow money to purchase a pre-owned vehicle. This used car finance is repaid in fixed monthly instalments over an agreed-upon period, making vehicle ownership more affordable.

Yes, many banks and financial institutions offer loans for second-hand cars. For example, Axis Bank offers easy Used Car Loans, which are specifically designed to finance the purchase of a pre-owned vehicle.

The loan amount you can get for a used car depends on several factors, such as the car's value, your credit score, income, and the bank’s policies. For instance, Axis Bank offers up to 100% of the car’s value under its Used Auto Loan.

If you can comfortably afford the monthly installments and interest, a Used Vehicle Loan is a practical option for purchasing a vehicle without making a large upfront payment.

Yes, if you meet the eligibility criteria, you can easily apply for a Used Car Loan online using the Axis Bank website.

Depending on the application and the borrower's eligibility to repay the loan, the Used Car Auto Loan is generally sanctioned between 2-7 days. With the right eligibility, Axis Bank offers quick Car Loan approval and sanctions within two days.

The maximum loan amount for second-hand car finance depends on factors like income, credit score and vehicle value.

Compare low-interest Car Loans and favourable tenures to choose an option that aligns well with both your financial capacity and goals.