Used Car Loan 2025 Overview

LoanPao’s Used Car Loan 2025 offers affordable financing for second-hand vehicles in India. Get up to 100% of the car’s valuation (typically up to ₹10 lakh) with low interest rates starting at 8.5% p.a. and flexible tenures of 1-5 years. Apply online via our application form and get approval within 1-3 days. Track your application status via our tracker portal or contact us at +91-971-769-5334 for assistance.

Explore more financing options on our loans page or use our EMI Calculator to plan your payments.

Eligibility for Used Car Loan

LoanPao’s Used Car Loan is designed for salaried and self-employed individuals across India:

  • Age: 21-65 years at loan maturity.
  • Income: Minimum ₹15,000/month (salaried) or ₹2 lakh annual ITR (self-employed).
  • CIBIL Score: 700+ preferred for better rates.
  • Vehicle Age: Car should not be older than 7 years at loan maturity.
  • Residence: Stable residential proof for at least 6 months.

Contact us at info@loanpao.in for eligibility queries.

Documents Required

Submit the following documents for quick processing:

  • KYC: Aadhaar, PAN, passport-size photographs.
  • Income Proof: Last 3 months’ salary slips (salaried) or ITR for 2 years (self-employed).
  • Bank Statements: Last 6 months.
  • Vehicle Documents: RC and insurance copy (post-purchase).
  • Address Proof: Utility bill, rental agreement, or Aadhaar.

Upload documents via our online portal for faster verification.

Key Benefits of LoanPao’s Used Car Loan

Up to 100% Financing

Cover the full valuation of your second-hand car.

Low Interest Rates

Starting at 8.5% p.a. for eligible applicants.

Quick Approval

Get approved in 1-3 days after document submission.

Flexible EMIs

Choose tenures from 1 to 5 years to suit your budget.

Secure Process

Apply safely with LoanPao’s encrypted portal.

24/7 Support

Contact us anytime at +91-971-769-5334.

How to Apply for a Used Car Loan

Applying for a Used Car Loan with LoanPao is simple:

  1. Visit our application form and fill in your details.
  2. Upload KYC, income proof, and vehicle details for verification.
  3. Receive approval within 1-3 days and finalize your car purchase.

Use our EMI Calculator to plan your repayments or contact us at +91-971-769-5334 for assistance.

Used Car Loan Features

Key features of LoanPao’s Used Car Loan:

Used Car Loan Features
Feature Details
Loan Amount Up to 100% of car valuation (max ₹10 lakh).
Interest Rate Starting at 8.5% p.a. (based on credit profile).
Tenure 1 to 5 years.
Processing Time 1-3 days after document verification.
Prepayment Low or no prepayment charges after 6 months.

Learn more about our loan products.

Why Choose LoanPao for Used Car Loans?

LoanPao stands out for its customer-centric approach:

Fast Processing

Quick approvals within 1-3 days.

Affordable Rates

Competitive interest rates starting at 8.5% p.a.

Dedicated Support

Reach us at +91-971-769-5334.

Frequently Asked Questions About Used Car Loans

A Used Car Loan from LoanPao helps you finance a second-hand vehicle with affordable EMIs and low interest rates.

Salaried or self-employed individuals aged 21-65 with a minimum income of ₹15,000/month and a CIBIL score of 700+.

Aadhaar, PAN, income proof, bank statements, and vehicle RC (post-purchase).

LoanPao processes Used Car Loans within 1-3 days after document verification.

Up to 100% of the car’s valuation, typically ₹10 lakh, depending on eligibility.

Yes, LoanPao’s EMI Calculator helps estimate your monthly payments.