Pre-owned Car Loan

At StarInvest, we understand the importance of owning a car without the burden of paying the full price upfront. Our Pre-Owned Car Loan is designed to make this process easier for individuals looking to buy a used vehicle. With flexible terms, competitive interest rates, and a streamlined approval process, we ensure that purchasing a pre-owned car is as hassle-free as possible. Whether you're looking for a more affordable way to own a car or need a reliable vehicle for daily commuting, our loan offerings are tailored to suit your needs.

Requirements:

To ensure eligibility for our Pre-Owned Car Loan, applicants need to meet the following criteria:

1. Age: The applicant must be at least 21 years of age at the time of applying.
2. Income: The applicant must have a stable source of income (salaried, self-employed, or business owners) with a minimum monthly income.
3. CIBIL Score: A good credit history with a CIBIL score of 650 or above is required.
4. Vehicle Age: The car being purchased must not be older than 10 years.
5. Down Payment: A minimum down payment of 10-20% of the vehicle's value may be required, depending on the loan amount.

Eligibility:

To be eligible for a Pre-Owned Car Loan, applicants must fulfill the following conditions:

1. Indian Citizens: Only Indian residents can apply.
2. Employment Status: Both salaried individuals and self-employed professionals/business owners are eligible to apply.
3. Property Documents: In some cases, applicants may need to submit property documents as collateral or guarantee, especially for larger loan amounts.
4. Existing Loan Details: If you have any existing loans, they must be serviced on time without significant delays.

Features:

• Loan Amount: Depending on the vehicle’s value and your eligibility, loans up to 90% of the car's price can be approved.
• Tenure: Flexible loan tenures from 12 months to 60 months are available to ensure convenient repayment schedules.
• Interest Rates: Attractive interest rates depending on the applicant’s profile and loan amount.
• Quick Approval: With a simple and quick approval process, you can get your loan sanctioned in a matter of days.
• Minimal Documentation: We require minimal paperwork to process your loan, making the entire experience quick and easy