Pre-Owned Finance
Used Car Loan for 45 Lakh
Own a premium pre-owned vehicle with a 45 Lakh loan. We offer quick valuation, easy RC transfer, and funding up to 90% of the car's value.
Up to 90% FundingQuick RC TransferVerified History Check
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Loan Details
₹45 Lakh Used Car Loan
Calculate your EMI and total interest for a ₹45 Lakh used car loan with flexible repayment options.
Instant Approval
No Hidden Charges
100% Digital Process
Representative Example:
Borrow ₹45,00,000 over 12 months at 25.8% APR. Total repayment: ₹51,53,373.66 with monthly EMIs of ₹4,29,447.81.
EMI Calculator
₹45,00,000
12
25.8%
Monthly EMI
₹4,29,447.81
Total Interest
₹6,53,373.66
Why Opt for a Used Car Loan of Rs. 45 Lakh?
A Rs. 45 Lakh used car loan allows you to drive home your premium pre-owned vehicle with affordable monthly payments.
- Quick valuation and funding for certified pre-owned cars
- Flexible repayment tenures up to 5 years
- Competitive interest rates starting from 11.50% p.a.
- Minimal down payment options available
Eligibility Criteria
Repayment capacity and credit history are key factors:
- Age: 21 to 65 years
- Minimum Income: Rs. 40,000 per month
- Employment: Minimum 1 year with current employer/business
- Credit Score: 720+ recommended for best rates
- Car Age: Vehicle should not be older than 8-10 years at loan maturity
Documents Required
Keep these documents ready for faster processing:
- KYC: PAN Card, Aadhaar, Passport, or Voter ID
- Income Proof: Last 3 months' salary slips or 2 years' ITR
- Bank Statements: Last 6 months reflecting salary/business income
- Vehicle Docs: RC Copy, Insurance, and Valuation Report
Fees & Charges
Standard costs associated with the loan:
- Processing Fee: 0.5% to 2% of loan amount
- Documentation Charges: Nominal one-time fee
- Valuation Fee: Fees for car health & price check
- Foreclosure Charges: Nil for floating-rate loans (varies by bank)
Benefits of this Loan
Financial advantages of choosing this bracket:
- Fixed Interest Rates for stable monthly planning
- 100% On-Road Funding options (on select new models)
- Quick Disbursal often within 24-48 hours
- Balance Transfer facility to move to lower rates later
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