Second-Hand or Used Car Loan
If you wish to purchase a second-hand or used car, apply online for a old car loan and get the maximum loan amount with easy documentation, instant approval, and quick Loan disbursal. Avail a old car Loan with an attractive interest rate and repayment tenure of up to 5 years.
Old Car Loan EMI Calculator
Use our Car Loan EMI Calculator, which will guide you to calculate your Loan Emi with ease. It's that simple, input the loan amount, the rate of interest and the loan tenure and click Calculate EMI. Now the loan EMI amount will display on the screen you will need to pay each month.
Click here to Calculate Car Loan EMI
Car Loan Eligibility Criteria
Anyone can apply for a Car Loan, you need to meet the below criteria:-
- Nationality: Resident Indian
- Age: 21 to 60 years
- Employement:
For salaried: Minimum 2 years of experience and Must earn minimum Rs 2 lakh per annum.
For self-employed: Minimum 4 years of business continuity and Must earn minimum Rs 1.75 lakh per annum
- Cibil Score: 750 or above
Document required for Car Loan
- KYC documents: Any one of the following documents can be submitted
- PAN Card
- Aadhaar card
- Passport
- Driving license
- Election / Voters identification card, NREGA Job card signed by the officer of the State Government
- One Passport Size Photograph
- PAN Card - For Company/Firm/Individua
- Latest Salary Slip of 2 months
- Bank statement of the previous 3 months
- Registration Certificate and Insurance copy of the vehicle
Benefits and Features of Car Loans
- Car Loan online of up to ₹ 28 lakh*
- Lowest interest rates starting range from @ 11.25%*
- Flexible tenure up to 60 months
- Zero foreclosure charges
- Quick Approval with zero hidden charges
- Collateral free and clear transparency
- No guarantor or security required
- Easy EMI repayment options
FAQs About Car Loan
Who can Apply for Car Loan?
Anyone over 21 years of age, salaried or self-employed individual can apply for Car Loan.
What is the EMI on a Car Loan?
The Car Loan EMI depends on Loan Amount, Tenure and Interest Rate. Use our EMI calculator to get your monthly payments accurately.
What is the minimum credit score for a Car Loan?
750 or above, which is generally considered excellent.
Do I need a guarantor to avail of a Car Loan?
No, you do not need a guarantor for a car loan. However, if you don't meet the Bank's norms, then you may be require a guarantor or co-applicant as a security for your loan.
How can I get a Car Loan?
You can get a Car Loan from Web Online CA website. Fill out our online Loan application form with your basic details and submit your application. Once done, you will receive a call from our team and guide you on the next steps. The loan amount will be disbursed in your bank account after document verification.
What is the interest rate for Car Loan?
Car Loan Interest rates depend on the loan amount and the loan tenure, starting ranges from 11.25% to 26% p.a.
How long will the process for loan approval be?
Loan approval would take 4 to 5 working days after submission of the application form and required documents.
Can I foreclosure my loan?
Yes, you can foreclosure your loan post completion of 12 months and enjoys nil foreclosure charges.
What is the maximum loan tenure?
We offer Customized EMI repayment options with a 12 months to 60 months.