Used Car Loan
Owning a car is a dream for many, but the high prices of new cars can make it difficult to achieve. Fortunately, buying a used car is a great alternative. Used cars are not only more affordable but also offer great value. Muthoot Capital’s Used Car Loan is the perfect solution to help you buy a used car. This second hand car loan features a fully digital process and minimal eligibility requirements. Make your dream of owning a car a reality today with Muthoot Capital’s loan for a used car.
With Muthoot Capital’s second hand car finance, you can enjoy the best interest rates on the market. Benefit from rates as low as 0.70% per month (8.50% per annum). Apply online for a pre-owned car loan and receive instant approval with minimal documentation.
Used Car Loan Interest Rates | 8.5-9%* p.a. onwards |
Loan Amount | Up to ₹ 50 lakh |
Loan Processing Fees | Up to 4% plus applicable taxes |
Lowest EMI per month | Starting from ₹2,550* per Lakh |
Loan Tenure | Up to 20 months* |
Ownership | Up to four owners |
Late Payment Charges | 2% per month |
Cheque Bounce Charges | ₹500 per bounce plus applicable taxes |
Stamp Duty | At actuals (as per state) |
No Other Hidden Charges |