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Used Car Loan Highlights You Can Count On
Explore the key advantages of financing your chosen second-hand car easily, affordably, and reliably with Urban Money.
Feature | Details |
---|---|
Loan Amount | ₹1 Lakh to ₹50 Lakhs |
Interest Rates | Starting from 9.5% p.a |
Tenure | Up to 5 Years |
Loan - to - Value (LTV) | Up to 90% of the car value |
Approval Time | 24 - 48 Hours |
Eligibility | Salaried & Self Employed Applicants |
Prepayment Option | Allowed (Charges may apply) |
Car Age Limit | Vehicles up to 10 years old are eligible |
Documentation | Minimal paperwork, quick digital process |
Your Used Car, Your Terms: Flexible Loan Features
With great used car finance interest rates, adaptable terms, and swift processing, enjoy loan features that help you confidently drive your chosen vehicle.
Flexible Repayment Options
Choose comfortable EMIs and tenures for your pre-owned car.
Generous Loan-to-Value (LTV)
Get substantial financing based on your used car's valuation.
Easy Online Application
Apply for your used car loan digitally. Simple and paperless.
Fast Loan Disbursal
Access your used car loan funds quickly after final approval.
Used Car Loan Eligibility Criteria: Check If You Qualify
A quick look at used car loan eligibility requirements :
Criterion | Requirement |
Age | 21-60 years |
Employment | Salaried / Self-Employed |
Income | Min. Threshold Met |
Credit Score | 650+ |
Work Experience | 1-2 years+ |
Why Trust Urban Money For Your Used Car Loan?
Your peace of mind is our priority when you finance a second-hand car. See what makes Urban Money different:
Competitive Used Car Loan Interest Rates
Get attractive used car loan interest rates for your budget.
Zero Foreclosure Charges
Pay off your used car loan early with no penalty. Save more.
Quick & Easy Digital Process
Finance your used car online - quick, paperless, and smooth.
Safe Eligibility Check
Check your used car loan eligibility without harming your score.
No Hidden Fees
Enjoy transparent processing of Used Car Loan financing with zero hidden fees.
Minimal Documentation
Apply for your used car loan online with minimal paperwork.
Apply for a Second-Hand Car Loan: It's Simple!
Ready to drive your ideal used car? Here’s how Urban Money’s seamless online process works for your used car loan.
Check Your Used Car Loan Eligibility
Provide basic personal and pre-owned car details to instantly check your used car loan eligibility and understand financing options.
1
Select the Best Used Car Loan Offer
Explore personalised used car loan offers from trusted lenders, comparing used car loan interest rates and terms to find your perfect match.
2
Easy Documentation & Fast Disbursal
Upload the necessary documents online. After quick verification and vehicle valuation, you will receive fast disbursal for your second-hand car loan.
3

Smart EMI Calculator for
Used Car Loan
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Wide Network, Better Choices: Top Lenders for Your Used Car Finance
By joining forces with leading used car loan banks and NBFCs, we provide access to some of the best used car finance interest rates and adaptable loan terms.

Smart Moves for Your Best Used Car Loan
A little preparation goes a long way. Here’s how to make sure you're getting great terms and value.
- Boost Your Credit Score
- Compare Interest Rates
- Opt for Shorter Loan Tenure
- Inspect the Vehicle Thoroughly
- Plan a Solid Down Payment
- Read All Loan Documents
Used Car Loan Documents: Your Complete Check-List
Your go-to list for all documents required for a smooth used car loan process.
Common Documents (Required for All Applicants)
- PAN Card (Copy)
- Aadhaar Card (Copy - for ID & Address Proof)
- Recent Passport-sized Photographs
- Current Address Proof
For Salaried Applicants
- Latest Salary Slips (e.g., last 3 to 6 months)
- Bank Account Statements (e.g., last 6 months, showing salary credits)
- Form 16 or Income Tax Returns (Latest)
- Employment ID Card / Proof of Employment (e.g., Appointment Letter)
For Self-Employed Applicants / Business Owners:
- Income Tax Returns of the last 2 to 3 years
- Financial Statements for the previous 2-3 years
- Bank Account Statements of the previous 6 to 12 months
- Proof of Business Existence (e.g., GST Registration, Shop Act License, Partnership Deed, etc.)
- Office Address Proof
Vehicle Documents
- A copy of the car's RC (Registration Certificate) is needed.
- Copy of a valid Car Insurance policy.
- RTO transfer documents.
- NOC (No Objection Certificate) from the current financier if the used car has an existing loan.

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Your Bike Loan Questions? Answered Simply!
Get clear explanations for frequent queries regarding our two-wheeler loan products and applications.
Which bikes can I get a loan for?
You can finance almost any new scooter or motorbike, including daily commuters, sporty machines and many battery-powered bikes. If you have a particular make or special edition in mind, just message us and we’ll confirm its eligibility before you apply.
Need help? Contact Us
Does Urban Money help fund used bikes?
We focus on brand-new two-wheelers because they give clearer value and easier paperwork. If you’re eyeing a well-kept second-hand bike, ring our support line or drop an email; we’ll tell you which lenders currently fund pre-owned models and their terms.
Need help? Contact Us
What’s the minimum income I need for a two-wheeler loan?
There isn’t one fixed figure because lenders weigh job type, location and existing debts. Use the quick checker on our website; after entering basic details, we’ll show whether you meet the threshold and how much you might reasonably borrow.
Need help? Contact Us
I’m a student. Can I apply with a co-applicant?
Yes. You may qualify if you hold a valid driving licence and add a parent or another trusted adult with steady income as a co-applicant. Their stronger credit history helps balance yours, giving you a fair chance at approval with competitive interest rates.
Need help? Contact Us
Do I need a high CIBIL score?
A CIBIL score around 650 or higher usually brings faster approval and lower interest rates. Still, if you’re new to credit, don’t worry; some partner lenders use alternative checks, so first-time borrowers often secure a loan, though sometimes at slightly higher rates.
Need help? Contact Us
Must I show proof of income for a small loan?
Banks need proof of earnings even for modest amounts, as rules require them to judge repayment capacity. A recent salary slip, bank statement or gig-income record normally suffices. The document list is short; you can upload everything straight from your phone.
Need help? Contact Us
How much can I borrow for a two-wheeler loan?
Banks generally finance up to 95% of the bike's on-road price, so the down payment stays low. The exact sanction depends on income, credit score and dealer invoice.
Need help? Contact Us
What loan terms can I choose?
Repay over 12 to 60 months, letting you match payments with cash flow. Shorter terms bring higher EMIs but lower total interest, while longer stretches cut each EMI yet add interest overall. Pick whichever keeps your monthly budget comfortable.
Need help? Contact Us
Do you serve rural areas?
We cover many rural PIN codes through digital paperwork and a wide dealership network. We can process everything online if a partner lender works in your district and local transport rules allow registration.
Need help? Contact Us
Do you serve rural areas?
We cover many rural PIN codes through digital paperwork and a wide dealership network. We can process everything online if a partner lender works in your district and local transport rules allow registration.
Need help? Contact Us
Are the interest rates fixed or floating?
Most loans carry fixed rates, so your EMI stays identical from start to finish, making budgeting simple. Floating options appear only occasionally, and we’ll highlight those clearly and explain their implications long before you accept any offer.
Need help? Contact Us
How long does approval and payout take?
Submit your documents online before noon, and many applicants see approval that same afternoon because verification is automated. Once approved, funds reach the dealer within one working day, allowing you to collect the bike almost immediately after the invoice is raised.
Need help? Contact Us
Can I clear my two-wheeler loan early?
You may repay early, in part or whole. Several lenders waive foreclosure fees after 6 months, while others charge a modest percentage of the outstanding balance. Read the policy carefully before committing to your loan application so you can plan an exit without surprises.
Need help? Contact Us
What fees will I pay upfront?
Every loan carries a one-time processing fee that covers paperwork, technical valuation, and GST. The amount is small compared to the loan size and is shown upfront on your sanction letter, alongside any stamp duty, insurance premium, or other predictable charges.
Need help? Contact Us