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Used Car Loan
Drive Your Dream Home Today with Our Pre-Owned Car Loans
Why wait to save up for a new car when you can drive a premium pre-owned vehicle today? Our Used Car Loans are designed to help you own a high-quality vehicle at a fraction of the original cost. With quick processing and flexible repayment options, we bridge the gap between your aspirations and your budget.
With Yonti Finserv’s Used Car Loan, you can easily finance a pre-owned car at affordable interest rates and minimal documentation.
We make your car-buying journey simple, transparent, and fast — so you can drive home your vehicle in just a few days!
Why Opt for a Used Car Loan?
Buying a pre-owned vehicle is a smart financial move, and our loan facility makes it even better:
High Loan-to-Value (LTV): Get funding for up to 80% to 90% of the car’s current market valuation.
Flexible Repayment: Choose a tenure that fits your monthly budget, typically ranging from 1 to 5 years.
Pocket-Friendly EMIs: Lower car prices mean lower loan amounts and more manageable monthly installments.
Wide Range of Vehicles: Whether it is a hatchback, a sedan, or an SUV, we fund cars up to 10 years old.
Key Features & Benefits
Quick Valuation & Sanction: Our empanelled experts provide a fair market valuation of the car, ensuring you pay—and borrow—the right amount.
Minimal Documentation: A completely digital and streamlined process for identity, income, and vehicle document verification.
Aggressive Interest Rates: We offer competitive rates based on your credit profile and the age of the vehicle.
End-to-End Support: We assist with the transfer of the Registration Certificate (RC) and insurance into your name.
Simple 4-Step Process to Ownership
Vehicle Selection: Choose your car from a dealer or an individual seller.
Valuation & Eligibility: We assess the car’s condition and your repayment capacity.
Documentation: Submit your KYC, income proof, and the car’s RC copy.
Disbursement: Upon approval, the funds are paid directly to the seller, and you drive away!
📋 Eligibility Criteria
We offer used car financing to both salaried and self-employed individuals:
Age: 21 years at the time of application to 65 years at loan maturity.
Income: A stable monthly income to ensure comfortable EMI repayments.
Vehicle Age: The car should generally not be older than 10 years at the end of the loan tenure.
Credit Score: A good credit history (600+) helps in securing lower interest rates.
Comparison: New Car Loan vs. Used Car Loan
| Feature | New Car Loan | Used Car Loan |
| Interest Rate | Slightly Lower | Slightly Higher |
| Loan Amount | High (High Depreciation) | Lower (Value-for-money) |
| Insurance Cost | High | Significantly Lower |
| Depreciation Hit | Maximum in first 2 years | Minimal |
"Smart drivers don't just choose the right car; they choose the right way to pay for it."
💡 Why Choose Yonti Finserv:
At Yonti Finserv, we understand that buying a used car is a smart financial choice.
That’s why we provide customized loan options, instant approvals, and transparent processing.
Whether you’re purchasing from a dealer or an individual, we ensure a smooth and secure experience from start to finish.
📲 How to Apply:
- Fill in our online Used Car Loan form
- Upload necessary documents
- Get quick approval & drive your dream car!