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.
Break-up of Total Payment
Monthly Loan EMI
Principal
Total Interest
Total Payment
(Principal + Interest)
Disclaimer: The data generated herein is completely and solely based on the information/details provided by you and such information and the resultant data is provided only for user's convenience and information purposes. Ujjivan SFB does not guarantee accuracy, completeness or correct sequence of any the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness / accuracy. The use of any information set out is entirely at the User's own risk. User should exercise due care and caution (including if necessary, obtaining of advice of tax/ legal/ accounting/ financial/ other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained / data generated herein. Ujjivan SFB does not undertake any liability or responsibility to update any data. No claim (whether in contract, tort (including negligence) or otherwise) shall arise out of or in connection with the services against the bank. Neither Ujjivan SFB nor any of its agents or licensors or group companies shall be liable to user/ any third party, for any direct, indirect, incidental, special or consequential loss or damages (including, without limitation for loss of profit, business opportunity or loss of goodwill) whatsoever, whether in contract, tort, misrepresentation or otherwise arising from the use of these tools/ information contained / data generated herein.
Our Financing Programmes
1. Income Programme
Exclusively designed for salaried/self-employed individuals who can provide valid income proof.
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.
Features & Benefits
Documents Required
Keep the following documents ready for a hassle-free loan application process:
For more details, call our toll-free number 1800 208 2121 or write to customercare[at]ujjivan[dot]com.
Eligibility Criteria
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 |
Frequently Asked Questions
1. What is the maximum loan amount I can get for a Pre-Owned Car?
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.
2. Can I get a loan without income proof?
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).
3. What is the repayment tenure available?
Repayment tenure ranges from 12 to 60 months under the Income Programme and 12 to 48 months under the Banking Surrogate Programme.
4. What is the interest rate offered for Pre-Owned Car Loans?
We offer competitive interest rates starting at 12.49%* p.a.
5. Can I refinance my existing car?
Yes. You can opt for the refinance option through which you can avail funds against a car you already own, subject to eligibility.
6. What is Income Programme?
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.
7. What is Banking Surrogate Programme?
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.
*T&C Apply
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