Get your dream pre-owned car with BankStore’s quick and hassle-free Used Car Loans. Enjoy instant approval, low interest rates, and a 100% digital process. Loan amounts range from ₹1 Lakh to ₹50 Lakh. Trusted by thousands across India - apply now and drive home today!
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Applicants must be between 21 to 60 years old.
Minimum ₹ 12,000 (Salary in Account)
Must be an Indian citizen
Salaried and self-employed both eligible
Your Monthly EMI Payment
A Loan Against Car is a secured loan where your existing car is used as collateral, allowing you to access funds without selling it.
Banks typically offer 60%–80% of the car’s current market value, depending on the model, age, and condition.
No. You can continue using the car as usual while repaying the loan.
Basic KYC documents, RC book, insurance papers, PAN card, and address proof are usually required.
Yes. Since this is a secured loan, interest rates are significantly lower compared to unsecured personal loans.
A Loan Against Used Car lets you unlock your car’s value without selling it, giving you quick, affordable funds for emergencies, business needs, medical expenses, and more.
In this guide, we’ll cover everything you need to know about loans against used cars, including eligibility, interest rates, benefits, documents required, and top banks offering this service in India.
A Loan Against Used Car is a secured loan where you use your existing vehicle as collateral to get funds. You receive a percentage of your car’s market value-and the car stays with you.