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How do you calculate a used car loan interest rate?

by Mahindra Finance

May 28, 2024

1 mins read

Several factors influence your used car loan interest rate at Mahindra Finance, including:

Your credit score: A higher credit score typically qualifies you for a lower interest rate.
Loan amount and term: Longer loan terms or larger loan amounts may result in a slightly higher interest rate.
Car age and condition: The age and overall condition of the used car can also impact the interest rate offered.

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