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Used Car Loan

RSL Financial Services offers loans for a wide range of used cars including hatchbacks, premium hatchbacks, sedans, MUVs, and SUVs of varied vehicle brands. Loan amount up to ₹1000000 Loan tenure upto 36 months

Features

  • Loans for purchase of used cars
  • The interest rate for the product ranges up to 28%.
  • Hassle free loans – Quick turn around time.
  • Loan tenure up to 36 months.
  • Ticket size for old / new car up to ₹10,00,000/-.

Eligibility

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Customer Profile

Salaried, Self Employed Non Professionals (SENP), Farmers, Professionals.

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Age

Between 18 to 65 years

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Monthly Income

₹15,000/- or above

Documentation

  • Photograph
    • Latest Color Photograph
  • Identity Proof Of Applicant(Any One)
    • Voter ID Card / PAN Card / Passport / Driving License / Aadhar Card
  • Age Proof (Any One)
    • Voter Id Card With Date Of Birth/Pan Card/Passport/Driving License/ Aadhar Card/Govt. Issued Document With Date Of Birth.
  • Signature Verification
    • Bank Signature Verification
  • Address Proof (Any One)
    • Electric Bill/ Tax Bill/ Water Bill/ Gas Bill / Fixed Line Telephone Bill / Postpaid Mobile Bill
  • Ownership Proof(Any One)
    • Electric Bill/tax Bill/water Bill/possession Letter Or Sale Deed With Latest Utility Bill
  • Income Proof (Any One)
    • Shop Establishment Certificate/sales And Purchase Bills / Itr / Financials With All Schedules Of Last 3 Years.
  • For Salaried Applicants
    • Salary Slip of last 3 months / Form 16 / TDS Certificate.
  • For Farmers
    • 7/12 & 8A Extract with milk income proof.
  • Bank Statement
    • Last 6 month's Bank Statement Of All Bank Accounts.

Common Question for this loan

To purchase a pre-owned car.

Salaried or self-employed, income proof, good repayment history, vehicle must meet Rapid Loan Services norms.

Based on car age, profile, and tenure. Rate for UC can range from Upto 28%.

Up to ₹10 Lakh.

12 to 48 months.

24 - 48 hours.

We offer up to 90% of vehicle's value as per the customer's profile.