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Second Hand/Used Car Loans

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Used Car Loan

Mahindra Finance has been a source of great support.

Mahindra Finance is not just a financer, but has emerged as a support system for me. I have refinanced three vehicles with the help of Mahindra Finance and expanded my business as well...

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- Mr. Jaswant Singh, Lucknow

*Images are for reference only. Actual customer images may vary.
  • Features & Benefits
  • Eligibility & Documentation
  • FAQs
  • Used vehicle loans available for vehicles up to 10 years old
  • Lower rates of interest on pre-owned cars as compared to other unsecured loans
  • Maximum flexibility
  • Speedy loan disbursements

Eligibility:

  • Individuals looking to buy a second-hand vehicle
  • Individuals keen on a reloan against a four wheeler

Documents required:

  • KYC Documents
  • Income proof

FAQs:

Used Vehicle Loans

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How do I approach Mahindra Finance for a used car loan?

Contact or visit your nearest Mahindra Finance branch. You can even apply online, and we’ll get in touch with you shortly.

What is the eligibility criterion for availing of a used car loan from Mahindra Finance?

Eligibility for a used car loan from Mahindra Finance depends on the individual appraisal and the product, and all loans are given at the sole discretion of the company.

What are the minimum and maximum used car loan amounts?

It depends on the age and condition of the vehicle and repayment capability of the individual.

What are the used car loan tenure options?

Minimum 1 year and maximum 5 years, depending on the age and condition of the vehicle.

How much time will it take for my second hand loan to be approved?

Our extensive network of branches at over 700+ locations, speedy and simple documentation process and the capability of our executive to take quick, smart decisions make sure that the process of obtaining a second hand loan is a quick and smooth one.

Enter the details to calculate how much you need to pay every month towards your loan repayment.

20,000

5,00,000

10%

30%

1

84

Disclaimer: The figures provided are only indicative. For exact details kindly contact your nearest Branch.

© 2017 Mahindra Finance

CIN - L65921MH1991PLC059642

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