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Pre-Owned Car Loan Finance

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!

Pre-Owned Car Loan Features and Benefits

Wide Variety of Vehicles

We provide Pre-Owned Car Loans for a variety of cars, MUVs and SUVs less than 10 years old.

Affordable Interest Rates

You can avail competitive rates and EMIs that are lower than other unsecured loans.

Flexible Tenures

Enjoy custom tenure options, from 1 year to 5 years based on the age and condition of the vehicle.

Easy Documentation Process

Available to salaried/self-employed individuals and partnership firms. The application process requires minimal documentation.

Speedy Disbursement

With over 1386+ branches, the process of obtaining a Pre-Owned Car Loan is quick and smooth with us.

Pre-Owned Car Loan EMI Calculator

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.

Select Your Loan Type

1L 1Cr
6% 26%
12 60
Total Amount Payable

  • Principal Amount

  • Total Amount

Monthly EMI

How to Apply for a Pre-Owned Car Loan

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.

Step 1: Fill in your contact details

Start the process by simply submitting your Name, Number and Pin Code.

Step 2: Get a Call Back

Our executive will contact you for additional details.

Step 3: Document Verification & Approval

Submit the requested documents for eligibility check and verification

Step 4: Successful Disbursal

Once verified and approved, your funds will be sanctioned and disbursed.

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Pre-Owned Car Loan Eligibility & Documents

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.

Interest and Charges

Attractive Interest Rates based on your eligibility*

Interest Rates

Charged 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.


Frequently Asked Questions (FAQs)

Get all the answers to your Pre-Owned Car Loans FAQs with Mahindra Finance

How do I approach Mahindra Finance for a pre-owned 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 are the eligibility criteria for availing a pre-owned car loan?

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.

What are the minimum and maximum loan amounts given?

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

What are the tenure options under pre-owned car loans?

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

How much time will it take for a pre-owned car loan to be approved?

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.

Get Affordable Financing for Pre-Owned Cars now!