login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
Download App
|

How do you calculate a used car loan interest rate?

mahindra-finance-author

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.

Blog Category

Fixed Deposit Blogs Credit Score Blogs Used Car Loan Blogs Sme Loan Blogs Loan Against Vehicle Blogs Business Loan Blogs Machinery Loan Blogs Loan Against Property Blogs Mutual Funds Blogs Personal Loan Blogs Home Loan Blogs Commercial Vehicle Loan Blogs Car Loan Blogs Utility Vehicle Loan Blogs Tractor Loan Blogs

Recent Posts

Related articles

Business Loan Blogs

Understanding Debt Financing: A Guide to Types, Process & Advantages

Introduction When it comes to expanding a business or managing day-to-day operations, finance is crucial. One way to raise capital for these needs is through debt financing. By borrowing funds from ex...

KNOW MORE

April 25, 2024

Business Loan Blogs

Business loans for women – All you need to know

Women entrepreneurs are transforming the business industry by bringing in fresh ideas, determination, and unique perspectives. Breaking through traditional barriers, they’re making their mark in...

KNOW MORE

February 7, 2024

Fixed Deposit Blogs

FD vs Debt Funds: Key Differences

Quick Summary: Fixed deposits and debt funds (also referred to as debt mutual funds) are two popular options for investors to park their monies. Although both FDs and debt mutual funds are considered ...

KNOW MORE

November 25, 2025