Used Car Loan
Used Car Loan
Second hand car finance is now made better, faster, and smarter with a wide range of car brands at attractive prices over a flexible tenor @ Blue Carz
Used Car
Dream A Drive...
While new cars may be tempting, they can be intimidating for buyers with a tight budget. Fortunately, at Blue Carz, our qualified mechanics inspect all of our used cars before putting them on display. This way, you can be confident in their maintenance and reliability down the road.
Once you have decided on cutting down your insurance and managing depreciation costs and you’re thinking about purchasing a used car loan but are worried about the kind of interest rates you’ll be paying, here’s what you need to know.Β
When it comes to getting a used car loan, the advantages work both ways. There are many benefits to getting a used car loan through our reputable company. We offer attractive rates and a convenient process that makes it easy to get the loan you need. The repayment tenure ranges from 1-5 years and the rate of interest can be as low as 7% p.a on some loans.Β
Not only can it be a sound investment, but you’ll benefit from low interest rates for car loans and used cars with zero down payment options with Blue Carz.
Don’t hesitate to reach out to us so we can help you determine your eligibility. We’re here to help you every step of the way.
Network Of Used Car Dealers
Looking for a car loan with low interest rates? Blue Carz has you covered!Β Find well-maintained pre-owned cars from a network of dealers and individuals interested in bargaining rates at a fair market value.Β
We compare the best offers from genuine sellers all over India so you can get a great deal on the car of your choice. Whether you’re looking for a sedan, SUV, or something else entirely, we’ll help you find the perfect loan for your needs.
20+ Options
Second Hand Car Finance @BlueCarz
A good second-hand car is a smart, value-for-money purchase; if you do it right. And that’s where we come in! With our hassle-free process, credit-friendly rates, low monthly repayments, and speedy approvals finding the perfect car for you has never been easier. Let us help you get on the road to success with your very own second-hand vehicle today.
Find the finest deals on pre-owned cars from Blue Carz partnership dealers all over India. We brought together hundreds of sellers to bring you top-notch cars, leading lenders to provide affordable loans, RTA agents to take care of your fund transfers, and even expert technicians to pamper your car.
What’s more? – Second car finance can be a great way to get a new car without having to put any money down. There are several used cars with zero down payment options and offers withΒ low interest rates for car loans only @BlueCarz.Β
This makes it easy to get a new car without having to worry about a down payment or a high monthly payment.
20+ Options
Car Refinancing @BlueCarz
At any given time during the process, you can choose to transfer the outstanding balance of your current car loan to a different lender. This may be because of the improved deals on the loan from the new lender without having to struggle to pay EMIs at higher interest rates and longer tenures or an improved financial situation of the borrower.Β
If you are reconsidering replacing your existing auto loan options, car refinancing, also known as balance transferΒ is the easiest way to raise funds for short-term needs at profitable repayment terms, a better rate of interest, and extended tenure.Β
With Blue Carz, we consistently work towards making your loan process easier and more reliable without making a dent in your monthly budget, including benefits such as
- Cash-out refinancingΒ allows you to customize the terms of the mortgage, take out a new loan for a higher amount, borrow against the equity of your car, obtain the difference in cash, and pay down high-interest debt.
- Lower monthly payments at better interest rates with favorable terms such as late fees, rate discounts, hypothecation, fast funds, and other enhanced features for users with improved credits.
- No prepayment penalties on the initial loan with a switchover. Whether you are initiating a balance transfer or transferring the existing loan amount coupled with an added top-up amount – you stand a chance to receive better commercial terms on the loan.
CarΒ Refinancing – is only beneficial if you have a year or more than a yearβs outstanding tenure to pay on your existing loan.
20+ Options
Top Up Loan @ Blue Carz
Emergency preparedness is a team sport. If you have an existing car loan and have been repaying the equated monthly installments consistently for a substantial period of time, you are at an advantage of availing a top-up loan in need of additional funding to cover medical emergencies, develop a business, renovate your home, celebrate an occasion, along with a range of several other purposes; the top-up loan is a go-to facility that requires minimal documentation and is processed quickly in the nick of time.
At Blue Carz; you can get instant approval on the top-up loan for your existing loan at nominal costs without the need for any documentation if you are an existing customer of the bank. Moreover, the loan benefits you to qualify for tax deductions, longer tenors, and up to 25 times the EMI on your existing loan.
20+ Options
Refinancing & Topup Loan Documents
- Proof of registration and current auto loan details
- Address proof
- Proof of Insurance
- Credit History (Optional)
- Adhar Card
- Bank statements that reflect all your repayment records if you are doing a switchover.
- KYC documents
- Passport size photo
- Salary slips (Latest copy of form 16 or ITR) (Depending on the requirement of the bank)
- RC Book (Upon request)
The requirements and process for the loan may differ from bank to bank, contact us for detailed information.
Loan Tenure, ROI, Funding
Apply for a used car loan or get the loans transferred to your name with the best interest rates and tenures from 1-5 years.Β Blue Carz is making it easier than ever to get the financial help you need. With instant funding and hassle-free consultations, we are here to help you get back on your feet.
Eligibility Criteria
Depending on your income and repayment capabilities; anybody fulfilling the basic eligibility criteria can apply for car loans in India. Whether you are salaried or self-employed, excellent to poor CIBIL, Bluecarz helps you connect with your lender to get your car loan if:Β
- The age of applicant between 21 and 65 years at the time of applying for the loan is eligible for the application process.
- The applicant meets the minimum repayment capacity and earns a stable income whether salaried or self-employed; for an adequate period.
- The borrower is of Indian nationality and resides; in or outside the country.
- Has a repayment record for at least 6 – 9Β months on the existing loan (if any), depending on the bankβs terms and conditions.
- A satisfactory CIBIL score and a clean record.
The above mentioned criteria are generic in nature. Get a personalized chart for your profile today.
Used Car Loan Documentation
Proof of Identity and Address β Voterβs ID/Passport/PAN Card or Form 60/Driving License/Aadhaar Card
Additional documents accepted for address proof include Electricity Bill/Ration Card, Copy of Utility Bill/Insurance Bond/Bank Statements/Income Tax Assessment Order/Property Registration documents/Pensioner Book/Property Tax Receipt/Employer Certificate
Income Proof Documents β Copy of latest three monthsβ salary slips/bank statements, Form 16 for salaried individuals, Copy of Income Tax Returns (ITR)/C.A certified Balance Sheet and Profit and Loss Statements along with business stability and ownership proof.
Copy of Vehicle Registration Certificate, telephone or mobile bill, signature along with proof.
The requirements and process for the loan may differ from bank to bank, contact us for detailed information.
What we are
Benefits Of A Used Car Loan @ Blue Carz
A good second-hand car is a smart, value-for-money purchase; if you do it right. And that’s where we come in! With our hassle-free process, credit-friendly rates, low monthly repayments, and speedy approvals finding the perfect second hand car finance options for your car has never been easier.Β
Let us help you get on the road to success with your very own second hand vehicle today.
Blue Carz is India’s largest marketplace for all financial institutions supporting automobile loans. With over 1 Lakh satisfied customers across India, and 20+ financial partners across the lending ecosystem; we are a go-to destination for all your car loan needs.Β Whether you’re looking for a used car loan or need a loan to buy one, we offer you the best loan options with top offers like cashback, top-up financing, car refinancing, and extended warranties, so you can get the right car loan, at the right price, for the best offer.
If you are looking forward to avail of a loan, here is why you should consider Blue Carz as your smart aggregator:
Free consultation and affordable prices with the best bargains on insurance costs, so you can get a good deal on your purchased vehicle. Also, services like refinancing, top-up loans, and balance transfers areΒ offered for all models, makes, and trims.
Compiled data of the used car history, maintenance records, and registration status to make the process of buying a car easy and trustworthy for the user – comparing prices against various products and selecting from the wide assortment to shortlist the ones that qualify your needs is an extra advantage at Blue Carz.
Extensive research on the current market rates with quality tools and techniques to calculate your EMI, eligibility, CIBIL score, and more! With zero cost and zero effort.
