Pre-owned Car Loan
Ashwini Finance’s Pre-Owned Car Loan empowers customers to own a reliable vehicle at an affordable cost. This financing solution improves mobility, supports daily travel needs, and offers the satisfaction of car ownership while ensuring financial balance.
Eligibility
- Minimum Age – 21 years
- Assessment of your income and standard of living
- Stability of residence
- Established cash flow by way of salary income or business income of self-employed professionals
- Prior credit history, if any, should be satisfactory
- Credit norms, as applicable
List of Documents
- Loan Application Form
- Identity proof.
- Address proof.
- Tax Receipt of House/Water Bill / Index 2 / 7/12 Utara & 8A
- Latest Bank Statement (Minimum 6 months – Maximum 1 Year)
- RC Book & Invoice Copy of Existing Fleet
- Insurance & Registration Certificate of Vehicle
- Guarantor Documents if Applicable
- Other relevant documents.
Loan Margin & Financing Structure
Top Features of Pre -Owned Car Loan
Enjoy attractive offers, zero pre-closure charges, and flexible down payment options. Experience financing that adapts to your needs, not the other way around..
Top Features of Pre -Owned Car Loan
Enjoy attractive offers, zero pre-closure charges, and flexible down payment options. Experience financing that adapts to your needs, not the other way around..
Frequently Asked Questions
Identity proof, address proof, income proof, bank statements, photographs, and
details of the used car are generally required.
The loan amount depends on the car’s value, age, condition, and the applicant’s
repayment capacity. Lenders usually finance a portion of the car’s assessed value.
The repayment period is flexible but usually shorter compared to a new car loan,
depending on the age of the vehicle.