Used Car Loan in Delhi NCR
A used car loan finances the purchase of a pre-owned vehicle, typically covering most of the car's assessed valuation, at competitive interest rates.
Rate from
Competitive
Max funding
Generous
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 attractive rates and simple documentation. Even customers with low CIBIL scores or past rejections can get approved through our NBFC partners.
Generous 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 Tier | Max tenure | Funding |
|---|---|---|---|
 SBI | Lowest Rate | 7 yrs | High Funding |
 HDFC Bank | Very Competitive | 7 yrs | Maximum Funding* |
 ICICI Bank | Very Competitive | 7 yrs | Maximum Funding* |
 Axis Bank | Competitive | 7 yrs | High Funding |
 Kotak Mahindra | Competitive | 7 yrs | High Funding |
- Lowest RateSBI
7 yrs • High Funding
- Very CompetitiveHDFC Bank
7 yrs • Maximum Funding*
- Very CompetitiveICICI Bank
7 yrs • Maximum Funding*
- CompetitiveAxis Bank
7 yrs • High Funding
- CompetitiveKotak Mahindra
7 yrs • High 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 are typically higher than new car loan rates due to depreciation risk. CarFinanceWala compares 10+ lenders to keep your rate as low as possible.
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 most of the vehicle's assessed valuation, with the remaining amount payable as a down payment.
Ready to apply for your used car loan?
Get a free, no-obligation quote from 10+ banks in minutes.