Mahindra Finance recognises the growing demand for second-hand cars in India, and we want to help you get the best deal. With our second-hand car loans, you can enjoy affordable EMIs, flexible repayment options and competitive interest rates, making your dream car more affordable. We offer financing for a diverse range of car models, so you can find the perfect fit for your needs. Don’t let high costs hold you back, apply for a pre-owned car loan from Mahindra Finance today and start saving!
We provide Pre-Owned Car Loans for a variety of cars, MUVs and SUVs less than 10 years old.
You can avail competitive rates and EMIs that are lower than other unsecured loans.
Enjoy custom tenure options, from 1 year to 5 years based on the age and condition of the vehicle.
Available to salaried/self-employed individuals and partnership firms. The application process requires minimal documentation.
With over 1386+ branches, the process of obtaining a Pre-Owned Car Loan is quick and smooth with us.
Calculating your Pre Owned Car Loan EMI has never been easier. Use our EMI Calculator to input your desired amount, interest rate and tenure, and view an instant summary of your EMI amounts. You can also simply adjust the amount and tenure to see how it affects your EMI repayments. Get in the driver’s seat faster with our Pre Owned Car Loan EMI Calculator.
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Our Pre-Owned Car Loan application process is easy with a quick turnaround. You can register your interest online, talk to a Mahindra Finance representative at your local vehicle dealership or go to your nearby Mahindra Finance Branch. Our quick 4-step online process is described below.
Start the process by simply submitting your Name, Number and Pin Code.
Our executive will contact you for additional details.
Submit the requested documents for eligibility check and verification
Once verified and approved, your funds will be sanctioned and disbursed.
Subject to individual appraisals, salaried individuals, self-employed and partnership firms can apply. Basic criteria include Indian residency and age between 21-60 years with income requirements based on vehicle model, age, and repayment tenure.
Application Form with a recent colour photograph
KYC Documents
Proof of Address, Identity and Income
Disclaimer: MMFSL reserves the right to approve/disapprove the loan after the submission of documents.
Attractive Interest Rates based on your eligibility*
Interest RatesCharged based on product-specific, document, and stamp fees based on the prevailing rates set by the statutory authority and the location of the contract execution.
ChargesGet all the answers to your Pre-Owned Car Loans FAQs with Mahindra Finance
Contact or visit your nearest Mahindra Finance branch. You can even apply online and we’ll get in touch with you shortly.
Eligibility for a pre-owned 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.
It depends on the age and condition of the vehicle and repayment capability of an individual.
Minimum 1 year and maximum 5 years, depending on the age and condition of the vehicle.
Our extensive network of branches at over 1386 Locations have speedy and simple documentation processes and with the capability of our executives to make quick, smart decisions, the process of obtaining a used car loan is a quick and smooth one.
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