Used Car Loan in Hyderabad

We are LoanOnMind provide door step service for (Preowned) Used car loan in Hyderabad

Apply online at Loanonmind for Used car loan or Top up loan or Car refinance in Hyderabad. Our executive will come and collect all the required documents at your door step.

We provide second hand car finance at lowest interest rates. Compare used car loan interest rate from top banks in India and get the best second hand car loan

Used Car Loan Interest Rate in Hyderabad

Used Car Loan Banks Interest Rates Maximum Loan Amount
Kotak Mahindra Bank Used Car Loan Hyderabad Kotak Mahindra Bank Used Car Loan 17.00% Fixed 90% of market value
HDFC Bank Used Car Loan in Hyderabad HDFC Bank Used Car Loan 13.00% Fixed 80% of market value
Bank Of Baroda Used Car Loan in Hyderabad Bank Of Baroda Used Car Loan 10.45% Floating 80% of market value
Bank of Maharashtra Used Car Loan in Hyderabad Bank of Maharashtra Used Car Loan 9.40% Floating 50% of market value
Central Bank of India Used Car Loan in Hyderabad Central Bank of India Used Car Loan 9.95% Floating 75% of market value
ICICI Bank Used Car Loan in Hyderabad ICICI Bank Used Car Loan 15.50% Fixed 80% of market value
Indian Bank Used Car Loan in Hyderabad Indian Bank Used Car Loan 12.25% Floating 60% of market value
Union Bank Of India Used Car Loan in Hyderabad Union Bank Of India Used Car Loan 11.85% Floating 50% of market value
Oriental Bank of Commerce Used Car Loan Oriental Bank of Commerce Used Car Loan 10.90% Floating 70% of market value
Punjab National Bank Used Car Loan in Hyderabad Punjab National Bank Used Car Loan 11.20% Floating 70% of market value
State Bank of India Used Car Loan State Bank of India Used Car Loan 12.60% Floating 85% of on-road price
Bank of India Used Car Loan Bank of India Used Car Loan 8.90% Floating 70% of market value

Check Your Eligibility for a Pre Owned Car Loan

Eligibility criteria is differ from lender to lender for a pre owned car loans. The following are the basic eligibility criteria for getting a loan against car in hyderabad:

  • The applicant's age should be 21 to 65 years old.

  • He should maintain a good credit score to avail a used car loan. A good credit score is 750.

  • He should get minimum income of Rs. 2 to 4 lakhs per year.

  • He should be a self employed individual, salary individual, partnership firm, a public or private limited company, employed in agriculture or any independent organizations.

  • He should have minimum work expeience of 2 years in the same industry or field.

Used Car Loans Benefits and Features

  • Flexible Repayment options

  • Attractive and competitive interest rates

  • Anyone with permanent income will be eligible to apply for a used car loan

  • Processing fees and pre payment charges are very low

  • Banks offer car finance up to 100% of the value of the car on road cost

  • Simple and Hassle free loan process

  • We are available at 24x7 to answer the queries regarding pre owned car loans. Give a missed call to 9995559955 to get car loan services at your door step in Hyderabad.

Top Used Car Loan Providers in Hyderabad

Are you looking for a used car loan in Hyderabad? And confused on choosing the best car loan provider to get a second hand car loan? Then you are at the right place. We at LoanOnMind gives the updated details about second car loan's interest rates, processing fee, loan tenure from top banks in India. Below are the top pre owned car loan providers in Hyderabad:

1. HDFC Bank

HDFC bank is one of the premier finance banking sector in India. When it come to pre owned car loans, HDFC bank is considered as a highly preferred bank. HDFC bank used car loan offers pre owned car loans at competitive interest rates. Below are some features of HDFC bank:

  • Minimal documentation is required to get a second hand car loan.

  • Funding up to 100% of the value of the vehicle.

  • Get the best repayment options with pocket friendly EMIs.

2. Axis Bank

Axis bank is one of the India's largest public sector bank. Axis bank used car loan offers car finance at attractive interest rates. Below are some features of Axis Bank pre owned car loans:

  • Get high value second hand car loans up to 85% funding of the car value.

  • Get competitive and attractive second hand car loan interest rates.

  • Get instant approval with less documentation.

  • Flexible loan tenure options.

3. Kotak Mahindra Bank

Kotak Mahindra Bank is a non banking financial company in India. It finance all automobiles including Multi Utility Vehicles(MUVs), pre owned cars, new cars. It tied up with many car manufacturers in India. Below are the Kotak Mahindra Bank Used Car Loan features:

  • It allows borrowers to select the best loan tenure options up to 5 years.

  • Minimal documentation is required to get a second hand car loan.

  • Competitive interest rates for second hand car loans.

  • Quick loan application process.

4. YES Bank

When it comes to pre owned car loans, YES bank is the first choice. Apply for YES bank used car loan to make your dream car to your home. Following are the features of YES Bank:

  • Fast loan processing.

  • Easy and less documents are required to get a second hand car loans.

  • Multiple repayment loan tenure options are available.

  • Offers pre owned car loans at attractive rate of interest.

  • Avail up to Rs. 500 lakhs loan amount.

5. Muthoot Finance

Muthoot Finance is the best place to get the pre owned car loans. It is the one of the best reputed company in India. When it comes to pre owned car loans, Muthoot Finance used car loan is a trusted financial brand in India. The following are some features of Muthoot Finance:

  • Provides customized plans to the borrowers.

  • Instant loan approval up to 90% of the value of the vehicle.

  • Tenure of a loan is ranging from 12 to 84 months.

  • Offers special schemes for pre owned cars.

  • Attractive interest rates.

6. TATA Capital

TATA Capital is the India's financial and investment service provider. The company offers used car loans with different schemes. TATA Capital used car loan is associated with 200 auto dealers in India. The following are the features of TATA capital:

  • Avail second hand car loans with flexible repayment options.

  • Offers best deals on pre owned car loans.

  • Meets all your financial need at affordable interest rates.

  • Instant loan approval and car loans staring from Rs. 1,00,000.

7. TVS Credit

TVS credit service limited is a leading non banking finance company in India. The financial services of TVS credit are two wheeler loans, used car loans, auto loan, tractor loans. Below are some features of TVS Credit used car loan:

  • Quick loan processing and instant approval.

  • Get up to 15 times car loan eligibility for your annual income.

  • Repayment options up to 6 years.

  • Less documents needed and provide door step service.

8. Bajaj Finserv

Bajaj Finserv is a financial service company in India. One can get the pre owned car loans with simple steps. Below are some features if Bajaj Finserv used car loan:

  • Get car finance up to 90% of the car valuation.

  • Get free car fitness report.

  • Door step facility.

  • Get car maintenance benefits like isurance, car servicing, renewals, car accessories and many more.

  • Repayment options up to 5 years.

9. Hero FinCorp

Hero Fincorp is one of the India's non banking finance company. It is the best provider of car finance solutions for both certified and non certified cars. Below are some features of Hero FinCorp used car loan:

  • Loans starting from Rs. 50k to Rs. 50 lakhs.

  • Easy loan tenure up to 5 years.

  • Quick and hassle free loan approvals.

  • Low and attractive interest rates.

  • Door step service provider.

10. IDFC Bank

IDFC bank is one of the leading banking company in India. It provides the best services to meet all customer needs. The below are some features of IDFC used car loan:

  • Hassle free sanction for used car loan.

  • Flexible loan tenure up to 60 months.

  • No hidden charges.

  • Simple documentation.

FAQs about Used Car Loans

1. Do I need a guarantor for pre owned car loan?

No, many banks didn't ask a guarantor. But you need to provide a guarantor when didn't meet the bank's requirements.

2. What car models can I get finance for second hand car loans?

Some banks offer finance for cars which is manufacturing in India. However, there are no restrictions for brand and type of a car.

3. How to apply for a second hand car loan?

There are number of ways to apply for a second hand car loan. Apply online or visit a bank and meet the sales person, or contact a loan agent.

4. Is CIBIL score is an important factor to consider while applying for a pre owned car loan?

A good cibil score indicates the good repayment capacity of an applicant. You can get high loan amount at lowest interest rates. So, it is advisable to maintain a good CIBIL score.

5. How LoanOnMind's EMI calculator helps in calculate the EMIs?

Enter loan amount, loan tenure and interest rate values to calculate the monthly EMIs by using LoanOnMind's EMI calculator.

*Documentations may vary from scheme to scheme Our personalized service and streamlined documentation gets your product to you faster.

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