Pre-Owned Car Loans

Whether you're planning to purchase a second-hand car, have a car and are in or need immediate funds, our Pre-Owned Car Loans facility offers flexible financing solutions tailored to your needs. Apply for our Pre-Owned Car Loans to drive home a pre-owned car or opt to unlock the value of your existing car and access funds when you need them.

Designed for convenience and flexibility, our financing options are designed to help you move forward with ease.

Pre-Owned Car Loans EMI Calculator

Calculate your loan EMI in seconds with our easy-to-use EMI calculator and plan your finances better.

Loan Principal Amount

₹1.5L₹25L

Term for Loan

Months

1 Month60 Months

Interest rate(IRR)

Per Annum

12.49%15.49%

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Our Financing Programmes

1. Income Programme

Exclusively designed for salaried/self-employed individuals who can provide valid income proof.

Get loans up to ₹25 lakh

Flexible repayment tenure up to 60 months

Competitive rates starting at 12.49%* p.a.

Minimal documentation

2. Banking Surrogate Programme

Exclusively designed for self-employed customers who may not have a valid income proof. Financing criteria is based on the customer’s average bank balance and bank statements.

Get loans up to ₹20 lakh

Flexible repayment tenure up to 48 months

Competitive interest rates starting at 12.49%* p.a.

No income proof required*

Features & Benefits

Loan for Purchase or Refinance: Buy a Pre-Owned Car or get funds against your existing vehicle

High Loan Amount : Avail up to ₹25 lakh depending on programme eligibility

Flexible Tenure Options: Repay comfortably over 12 to 60 months

Attractive Interest Rates: Competitive rates starting from 12.49%* p.a.

Income-Based & ABB (Average Bank Balance) based Eligibility : Options for both income proof and non-income proof customers

Minimal Documentation: Simple paperwork and quick processing

Documents Required

Keep the following documents ready for a hassle-free loan application process:

Valid Identity Proof (PAN Card/Aadhar Card/Passport/Voter ID)

Address Proof (Aadhar Card/Driving License/Passport etc.)

Income Proofs (Current Salary Slips/Latest Form 16/Current ITR)

Latest 3 to 6 months bank statements

RC (Registration Certificate) Book and Insurance copy of the vehicle

For more details, call our toll-free number 1800 208 2121 or write to customercare[at]ujjivan[dot]bank[dot]in.

Eligibility Criteria

Age: 21 years to 65 years

For Salaried Individuals, Self-Employed Professionals (SEP), Self-Employed Non-Professionals (SENP) and Agri Customers (under Banking Surrogate Programme

Loan Purpose: Purchase of Pre-Owned Car for personal use & refinance against owned vehicle

What is the Difference Between Repurchase and Refinance/Loan Against Car?

When applying for a Pre-Owned Car Loans, you can choose between repurchasing (financing a Pre-Owned Car) or refinancing your existing vehicle. While both options involve a loan against a car, their purpose is different.

Feature	Repurchasing (Pre-Owned Car Purchase Loan)	Refinance (Loan Against Existing Car)
Purpose	To finance the purchase of a pre-owned car	To get a loan against a car you already own
Vehicle Ownership	The vehicle is purchased from a seller or dealer	The vehicle is already registered in your name
Loan Usage	Funds are used to buy the used vehicle	Funds can be used for personal financial needs
When to Choose	When you want to buy a second-hand car but prefer financing	When you want to unlock the value of your current car for liquidity

Feature

Repurchasing (Pre-Owned Car Purchase Loan)

Refinance (Loan Against Existing Car)

Purpose

To finance the purchase of a pre-owned car

To get a loan against a car you already own

Vehicle Ownership

The vehicle is purchased from a seller or dealer

The vehicle is already registered in your name

Loan Usage

Funds are used to buy the used vehicle

Funds can be used for personal financial needs

When to Choose

When you want to buy a second-hand car but prefer financing

When you want to unlock the value of your current car for liquidity

Frequently Asked Questions

Under the Income Programme, you can avail up to ₹25 lakh. Under the Banking Surrogate Programme, the maximum loan amount is ₹20 lakh, subject to eligibility and assessment.

Yes. If you are unable to provide income documents, you can apply under the Banking Surrogate Programme, where eligibility is assessed based on your Average Bank Balance (ABB).

Repayment tenure ranges from 12 to 60 months under the Income Programme and 12 to 48 months under the Banking Surrogate Programme.

We offer competitive interest rates starting at 12.49%* p.a.

Yes. You can opt for the refinance option through which you can avail funds against a car you already own, subject to eligibility.

The Income Programme is a pre-owned car financing option exclusively designed for self-employed and salaried individuals who can provide income proof to avail financing. Under this programme, individuals can get loans up to ₹25 lakh at competitive rates with flexible repayment tenures up to 60 months.

The Banking Surrogate Programme is a pre-owned car financing option exclusively designed for self-employed individuals who may not be able to furnish a valid income proof. The loan eligibility is based on the customer’s average bank balance and bank statements. Under this programme, individuals can get loans up to ₹20 lakh at competitive rates with flexible repayment tenures up to 48 months.

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Pre-Owned Car Loans