Used Car Loan Cochin

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Used Car Loan Cochin

Used Car Loan CochinUsed car loan Cochin

   In today’s world, buying a car is a tough task as the prices of buying a car are touching the sky. Not many         have the funds in their bank account to buy a used vehicle, let alone a brand new car.

  The best possible solution to this problem is availing a Used Car Loan that offers monetary help to those who    wish to buy a pre-owned vehicle.

 Best Banks for a Used Car Loan in Cochin

Banks/Rates Get The Best Offers
HDFC Bank Apply Now
Axis Bank Apply Now
Canara Bank Apply Now
Kotak Mahindra Bank Apply Now
State Bank Group Apply Now
ICICI Bank Apply Now
Bank of India Apply Now
Bank of Baroda Apply Now

Used Car Loan Cochin Features

  • Loan Amount Avail of loans up to Rs.2.5 crore on a wide range of used cars.
  • Car model should not be older than 5 years from the present time.
  • Flexible Repayment Tenure – From 12 months to 84 months.
  • Hassle free Car loans – no post dated cheques required.
  • Finance up to 92% of the car’s value.
  • Repay your Loan with easy EMIs.
  • Loan approvals within 24 hours.
  • Quick and easy Processing

Used car loan Cochin


               Used Car Loan Cochin Interest Rates

Banks/Rates New Car Loan Interest Rate Used Car Loan  Interest Rate
HDFC Bank 10.00% – 11.00% 13.99% – 15.50%
Axis Bank 10.25% – 11:25% 14.50% to 16%
Canara Bank 10.75% N.A.
Kotak Mahindra Bank 11.50% – 13.50% 17% – 20%
State Bank Group 10.50% 17.05% to 17.30%
ICICI Bank 10.50% to 11.75% 16.50% to 18.00%
Bank of India 10.50% to 13.50% 13.50% to 14.50%
Bank of Baroda 12.50% Fixed N.A


To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates


    Documents Required for Used Car Loan Cochin

Documents required for car loan are as followed:

     Salaried Individuals  Used car loan Cochin

    Any of the following documents as identity or address proof:

    • Valid Passport
    • Permanent Driving license
    • Voters ID Card
    • Job card issued by NREGA
    • Letter issued by the National Population Register containing details of name & address

     All the following documents as proof of income:

    • Latest Salary Slip
    • Latest Form 16/Latest ITR
    • HDFC Bank corporate salary account statement for salary credits above Rs. 80,000 for the previous 3 months
  • Eligibility to apply for a Pre-Owned Car Loan:

The car loan eligibility requirements are as followed:


    Salaried Individuals:

      • This includes doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state and local bodies
      • Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 60 at the end of the loan tenure
      • Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
      • Those who earn a minimum of Rs. 2,50,000 per year, including the income of the spouse

    Self Employed Individuals (Sole Proprietorship):

        • This includes self-employed sole proprietors in the business of manufacturing, trading or services
        • Individuals who are a minimum of 25 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure
        • Those who have been in business for a minimum of 3 years
        • Should earn at least Rs. 2,50,000 per annum 

Used car loan Cochin

         Used Car Loan for Major Car Manufacturers in Cochin

Apply For Loan Online



           Used Car Loan Cochin Interest Rates

Banks Processing Fee
HDFC Bank Rs.1.25 per Rs.1,000 of loan amount to Rs.200 per lakh
Axis Bank Rs.1,000 + GST to Rs.2,500 +GST
Canara Bank Rs.500
Kotak Mahindra Bank Rs.1,000 to Rs.1,500
State Bank Group Rs.1,000 + taxes
ICICI Bank Rs.3,500 – Rs.15,000
Bank of India Rs.3,000 – Rs.10,000
Bank of Baroda Rs.3,500 – Rs.5,500


Used Car Loan Cochin Contact Number:


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