A used car loan provides an affordable path to owning a pre-owned vehicle with easy financing options and lower EMIs. Many banks and NBFCs offer up to 90% of the car’s value as a loan, with tenures ranging from 12 to 60 months. Interest rates are slightly higher than new car loans but still manageable. Documents required typically include income proof, ID, and vehicle registration details. With a used car loan, you can purchase quality vehicles that fit your budget without draining your savings. It’s a great option for first-time buyers, salaried individuals, or self-employed professionals.



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