Used Car Loan Delhi

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Buy Your Dream Car

Rates as low as 11.99%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Used Car Loan Delhi

Best Banks for Used Car Loan in Delhi

Kotak Mahindra Bank
Interest Rate
8% - 8.4 %
8.5 - 9.5 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 75000
Max Loan Amt
1 Cr
1 Cr
1 Cr
Loan Tenure
Upto 7 Years
Upto 5 Years
Upto 5 Years
Processing Fee
1999 - 4999 + Tax
0.25% to 1.50%
0.25% to 1.50%
Preclosure Chgs
2%, Nil after 24 months
2%, Nil after 36 months
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Used Car Loan Delhi FeaturesUsed Car Loan Delhi

Avail of loan up to Rs.2.5 crore on an extensive assortment of used cars and multi-utility vehicles.

Get among 3 to 6 times of your annual income, and obtain up to 100% of the price of the car*

Bonus from end-to-end consultatory.

Get personalized guidance to take a car that meets your specific requirements.

Practice clear hassle-free processing, quick permissions.

Enjoy doorstep assistance and quick and simple documentation.

Get 80% of the cost of the car as a loan sum for 3 years without income verification.

Get 85% of the cost of the car as a loan sum for 5 years without income documentation.

*Offers on particular models. Terms & conditions implement.

Used Car Loan Delhi Interest Rate

Processing Fee
Prepayment Charges
HDFC Bank Car Loan
(1999 - 4999) + Tax
2%, Nil foreclosure charges after 24 months
Axis Bank Car Loan
1 % to 2.50%
ICICI Bank Car Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 36 months
SBI Car Loan
500/- to 0.50%
Kotak Car Loan
1% to 2%
2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Car Loan
Muthoot Car Loan
Manappauram Car Loan
PNB Car Loan
0.70% to 1%
Canara Bank Car Loan
Andhra Bank Car Loan


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

Used Car Loan Delhi Documents Required

Documents required for car loan are as followed:

For Salaried:-

  • Verification Proof: Passport Copy, Photo Driving Permit with DOB (current, legible, covered), Credit Card Statement with Credit Card Copy, Banker’s Confirmation, Copy of Margin Money Given to the Bank
  • Income Proof: Latest Salary Slip, Latest Form 16/Latest ITR, salary account statement for salary credits above Rs. 80,000 for the previous 3 months
  • Address Proof: Valid Passport / Permanent Driving license [recent, legible, laminate] / Voters ID Card / Job card published by NREGA / Letter issued by the National Population Register including details of name & address

For Self Employed:-

  • Verification Proof: Passport Copy, Photo Driving Consent with DOB (recent, clear, laminated), Credit Card Statement including Credit Card Copy, Banker’s Verification, Copy of Margin Money Advanced to the Bank
  • Income Proof: Latest ITR
  • Address Proof: Memorandum plus Articles of Association, Certification of Business, Electricity Bill, Telephone Bill
  • Bank Statement: Last 6 months.

The above-mentioned data of Used car loans are also efficient for:

  • Single Proprietorship
  • Business Firms
  • Private Limited Corporations

Used Car Loan Delhi Eligibility Criteria

The car loan eligibility requirements are as followed in Delhi:

For Salaried:-

  1. Least age: 21 years
  2. Highest age at loan maturity: 65 years
  3. Least employment: 1 year in current employment and a minimum of 2 years of employment
  4. Minimum yearly Income: Rs 1,00,000 net yearly income

For Self-Employed:-

  1. Least age: 21 years
  2. Highest age at loan maturity: 65 years
  3. Smallest employment: at smallest 3 years in sales
  4. Minimum Annual Income: Net profit Rs. 60,000 p.a for normal cars and Rs.1,00,000 p.a. for mid-sized and prime cars

How to Apply for Used Car Loan in Delhi?

Availing a Used Car Loan Delhi is an easy process with Dialabank. Watch the following steps to avail the most suitable offers:

  • Visit our website Dialabank
  • Bang on the Used Car Loan option available in the menu
  • Fill in the features regarding the car type and your salary
  • Wait as our contact manager will soon get in touch with you on your given number.
  • You may also reach our relationship managers on the number 9878981166 in case of any doubts regarding the loan.
  • For availing a Used Car Loan offline you will have to visit the branch individually, which might turn to be hectic for you.

Used Car Loan for Major Car Manufacturers in Delhi


Processing Fees / Prepayment Charges on Used Car Loan Delhi

Category Details
Processing Charges
1999 - 4999 + Tax
No prepayment is allowed until 12 EMIs are paid
No foreclosure is allowed until 12 EMIs are paid
Prepayment Charges
13-24 months: 2% of loan principal outstanding
>36 months: Nil Charges
Stamp Duty
As per state laws
Cheque Bounce Chgs
₹ 550/chq + GST
Floating Rate of Interest Not Applicable
Overdue EMI Interest
2% p.m.(on overdue amount)
Amortisation Schedule Chgs Rs 200 + GST

CIBIL Score Required for Used Car Loan in Delhi

The CIBIL score is related to what determines your capacity to pay off your credits. A higher Credit score indicates good credit records and makes your Used Car Loan application process smooth and easy to be processed. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Delhi.

This score may repeatedly change from bank to bank. In the instance of a low CIBIL score than the necessary value, you will be asked to pay a great rate interest rate on the loan amount while if your CIBIL score is enough then you may have to pay a low rate of interest. Thus, a CIBIL score is an influential factor in a Used Car Loan.

Used Car Loan Delhi Contact Number

In case of any queries regarding the Used Car Loan in Delhi, you may contact on the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Used Car Loan Delhi

Rate 5 Yrs 4 Yrs 3 Yrs
10.50% 2149 2560 3250
11.00% 2174 2584 3273
11.50% 2199 2608 3297
12.00% 2224 2633 3321
12.50% 2249 2658 3345
13.00% 2275 2682 3369
13.50% 2300 2707 3393
14.00% 2326 2732 3417
14.50% 2352 2757 3442
15.00% 2378 2783 3466

About Delhi

Delhi, formally known as the National Capital Territory of Delhi (NCT), is a center and a union territory of India including New Delhi, the capital of India. It is adjoined by the state of Haryana on three sides and by Uttar Pradesh to the east.

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