Your Car Loan - Approved Instantly!*
Choose your desired loan amount
₹ 2,50,000
Assuming annual interest rate 13% and 60 months tenure
Calculated EMI*
₹ 5,688
Serving Millions of Indians as a Reliable Financial Partner Since 2007
Loan Against Used Car – Fee Structure
Quick funds by leveraging your pre-owned car — transparent charges at a glance
| Fee Type | Applicable Charges |
|---|---|
| Interest Rate |
Starting from 12%* per annum
Based on car age, model & credit profile
|
| Loan Amount |
Up to ₹25 Lakhs*
Up to 80% of used car value
|
| Loan Tenure |
12 months to 48 months
1–4 years
Flexible EMI options
|
| Processing Fee |
Up to 2.50% of loan amount + GST
One-time fee
|
| Prepayment Charges |
0% to 5%*
Nil after 12 months for most cases
|
| Loan Cancellation (Before 1st EMI) | INR 1000 + GST |
| Cheque/ECS Dishonour Charges | INR 500 per event + GST |
*Terms & conditions apply. Interest rate starts from 12% p.a. and varies based on car age (max 7 years old), model, condition, borrower's credit score & income. Loan amount up to ₹25 Lakhs or 80% of used car value, whichever is lower. Processing fees up to 2.50% + GST. Prepayment charges: 0% to 5% (nil after 12 months for floating rate). Please refer to sanction letter for exact charges.
Used Car Loan from IndiaKredit
Used Car Loan from IndiaKredit comes with low interest rates for eligible borrowers. Individuals can conveniently apply for a used car loan online from the comfort of their homes. With customised solutions and transparent procedures, we have successfully served millions of customers across India.
Here are some key benefits of an IndiaKredit used car loan:
Apply for a used car loan online with a 100% paperless process.
Get quick loans at competitive interest rates, with minimal documentation and flexible repayment tenures up to 4 years.
Use the funds obtained through your used car loan to purchase a pre-owned car of your choice — from hatchbacks to SUVs — from individual sellers, dealerships, or online platforms. Enjoy full ownership with affordable EMIs and zero hidden charges.
Quick approval · Minimal paperwork
Used Car Loan
Benefits & Features
Drive home your dream pre-owned car with IndiaKredit. Enjoy competitive interest rates, flexible tenures, and a hassle-free loan process.
Used Car Loan up to 25 Lakh*
Substantial loan amounts to purchase your preferred pre-owned car — up to 80% of the car's valuation.
Attractive Interest Rates @12%* p.a.
Starting at just 12%* per annum, our competitive rates make used car ownership affordable.
100% Paperless Application
Complete your used car loan application online with minimal documentation — quick and convenient.
Quick Disbursal within 24 hours*
Fast approval and disbursal once car verification and documentation are completed without delays.
Flexible Tenure up to 4 Years
Choose repayment tenure from 12 to 48 months with customized EMI plans that fit your budget.
Wide Dealer Network
Finance your used car purchase from individual sellers, multi-brand dealerships, or online platforms.
Minimal Documentation
Simple KYC, income proof, and car documents — no lengthy paperwork or hidden charges.
Additional Benefits for Existing Customers
Existing customers with strong repayment history may enjoy special concessionary rates and faster processing.
Loyalty privilege
*Terms & conditions apply. Loan amounts up to ₹25 Lakhs subject to car valuation (up to 80% of used car value), car age (max 7 years), borrower's credit profile, and income. Interest rate starts from 12% p.a. and varies based on car model, vintage, credit score, and loan tenure. Tenure up to 48 months (4 years). Disbursal time depends on verification. Special concessionary rates for existing customers offered at company's discretion based on repayment history.
Documents Required for a Business Loan
To apply for a quick business loan online with IndiaKredit, you'll need the following basic documents:
Duly signed and completed application form
Identity proof (such as Aadhaar, Voter ID, or Passport)
Address proof (such as utility bills, Passport, or Aadhaar)
Signature proof (such as PAN Card or Passport)
Mandatory - PAN Card / Form 60
Documents Required for Self-Employed Individuals / Business Owners
You'll need the following documents to apply for a business loan:
Business proof (such as GST registration certificate, trade license, or shop establishment certificate)
Income proof (such as ITR for the last 2-3 years, along with computation of income)
Bank statements for the last 6-12 months (business current account)
Profit & Loss statement and Balance Sheet for the last 2-3 years (audited if applicable)
Documents Required for Partnership Firms / Private Limited Companies
Partnership deed / Memorandum of Association (MoA) & Articles of Association (AoA)
Board resolution authorizing the loan (for companies)
GST returns for the last 6-12 months
Proof of business continuation (registration certificate, incorporation certificate)
Additional Documents (if applicable)
Existing loan statements (if any)
Property documents (if secured loan option is availed)
KYC documents of all partners / directors
Ensure all documents are submitted for swifter business loan processing.
You can check the complete list of documents required for an instant* business loan.
Business Loan Eligibility
The basic eligibility requirements to apply for a business loan at India Kredit include:
Age: Applicants must be between 21 years and 65 years of age.
Business Vintage: The business must have been in operation for at least 3 years (for MSMEs, startups, and self-employed professionals).
Minimum Annual Turnover: Minimum annual turnover of ₹10 lakhs or more, depending on the business type and industry.
Credit Score: A credit score of 700 or above is required, along with a strong credit history, to increase your chances of loan approval.
Nationality: Applicants must be residing citizens of India.
Business Type: Sole proprietorships, partnership firms, private limited companies, self-employed professionals (doctors, consultants, chartered accountants, etc.), and MSMEs are eligible to apply.
Profitability: The business should be profitable for at least the last 2 years, as reflected in ITR and financial statements.
Existing Liabilities: Existing loan obligations and overall debt-to-income ratio are considered during eligibility assessment.
*This is the basic business loan eligibility criteria. The final eligibility will depend on several factors, including business vintage, turnover, credit profile, and our policy at the time of loan application. It is recommended to complete a business loan eligibility check before applying.
Personal loan interest rates and charges at IndiaKredit are determined by a variety of factors, including the applicant's credit score, employment history, repayment capacity, and the loan amount. Outlined below are the key charges you can expect when applying for an instant* personal loan:
| Fee Type | Applicable Charges |
|---|---|
| Interest Rate | Starting from 13%* per annum |
| Processing Fee | Up to 3.75% of the total loan amount + GST |
| Loan Tenure | 12 to 60 months |
| Lowest EMI Per Month | Starting from INR 1,138* for 60 months |
| Prepayment Charges | 0% to 7%* |
| Loan Cancellation Charges (Loan Cancelled Before 1st EMI) | INR 1000 + GST |
| Cheque/ECS/ACH Direct Debit Dishonour Charges (per dishonour of cheque/ECS/NACH per presentation) | INR 500 |
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