Used Car Loan in Delhi NCR
A used car loan finances the purchase of a pre-owned vehicle, typically up to 85% of the car's assessed valuation, with rates starting from 11% p.a. in Delhi NCR.
Rate from
11%
Max funding
85%
Max tenure
7 years
Private consultation
Get a free quote
We’ll call you back with the best offer.
Buying a pre-owned car in Delhi NCR? CarFinanceWala arranges used car loans with rates from 11% p.a. and up to 85% funding on the car's valuation. Even customers with low CIBIL scores or past rejections get approved through our NBFC partners.
Up to 85% funding
Finance a large share of the valuation.
Low-CIBIL options
NBFC partners for thin or low credit histories.
Cars up to 10 yrs old
Wide eligibility on vehicle age and make.
Fast processing
Quick valuation and sanction.
Eligibility
- Age 21–65 years
- Salaried or self-employed
- Car within lender's age/valuation norms
- Resident of Delhi NCR
- Low CIBIL score or first-time borrower — still eligible via NBFC partners
Documents required
- PAN & Aadhaar (KYC)
- Address proof
- Income proof (salary slips / ITR)
- 6 months' bank statement
- Car RC & valuation documents
How it works
From enquiry to approval in 4 steps
A simple, transparent process managed end to end by our team.
- 1
Share car details
Make, model, year and price.
- 2
Valuation & offer
We arrange valuation and the best offer.
- 3
Submit docs
We handle the bank paperwork.
- 4
Get disbursed
Loan sanctioned and disbursed.
Rates
Compare lender rates
Indicative starting rates from our partner banks and NBFCs.
| Bank / Lender | Rate from | Max tenure | Max funding |
|---|---|---|---|
 SBI | 9.20% | 7 yrs | 90% |
 HDFC Bank | 9.40% | 7 yrs | 100%* |
 ICICI Bank | 9.45% | 7 yrs | 100%* |
 Axis Bank | 9.50% | 7 yrs | 95% |
 Kotak Mahindra | 9.55% | 7 yrs | 90% |
- 9.20%SBI
7 yrs • 90% funding
- 9.40%HDFC Bank
7 yrs • 100%* funding
- 9.45%ICICI Bank
7 yrs • 100%* funding
- 9.50%Axis Bank
7 yrs • 95% funding
- 9.55%Kotak Mahindra
7 yrs • 90% funding
*Indicative rates for comparison only. Actual rate depends on your profile and lender approval.
FAQ
Used Car Loan FAQs
Common questions about used car loan in Delhi NCR.
Yes. CarFinanceWala arranges used car loans for vehicles up to 8–10 years old at loan maturity, subject to an independent valuation of the car's current condition and market value.
Used car loan rates typically start from 11% p.a. in Delhi NCR, higher than new car loan rates due to depreciation risk. CarFinanceWala compares 10+ lenders to secure the lowest available rate.
No. CarFinanceWala partners with NBFCs who evaluate applicants with low or limited credit histories, making approval possible even for first-time buyers.
Used car loans typically fund up to 85% of the vehicle's assessed valuation, with the remaining amount payable as a down payment.
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