Used Car Loans
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Eyeing a pre-owned vehicle?
Our used car loans make it simple and affordable for you to purchase a quality used car. We understand the value of reliability and affordability, which is why we offer competitive loan terms for pre-owned vehicles. Drive away in a trusted used car without breaking the bank.
Criteria
| Age |
Salaried: 22 - 60 years old Self Employed: 22 - 65 years old |
| Monthly Income |
Rs. 15,000 and above
|
| Finance Amount |
Rs. 15,000 & Above
|
| Tenure |
12 ~ 48 months
|
| Job Condition |
Permanent Staff and work in current company at least 6 months, Salaried / self employed .if < 6 months, overall 2 years required.
|
| Living Area |
Rented: Living in current address at least 6 months.
Owned House: at least for 1 day. |
| Interest Rate per month |
Interest rate will vary based on the Brand
|
| Processing Fees (Excl. of GST) |
Rs. 1,299 ~ Rs. 3,200*
|
Documentation
|
ID Proof
|
Pan card or Aadhaar card (with DOB) or Passport
|
|
Address Proof (Any One)
|
Electricity Bill
Latest Utility Bill (Gas bill) Telephone / Mobile Bill Passport Aadhaar Card Purchase Agreement Rented Proof |
|
Income Proof (Any One)
|
Latest 3 month Salary Credit Banking or
Latest 3 month Savings A/c Bank Statement |
Loan Apply process
How to Apply
01
Apply Online
02
Visit a Dealership
03
Visit BMFC
04
