Used Car Loan - Instant Second Hand Car Loan

Enjoy the easiest car-financing solutions!

  • Instant Car Loans from 1,000 To 15 Lakh
  • Zero Pre-payment Charges
  • Paperless Documentation & Instant Disbursal

Used Car Loan

Getting your own car is not just another step towards the perfect dream anymore; it is a near necessity in this day and age. From providing your family with the convenience of travel to the independence that your own
car brings with it, getting your own car is often one of the most important items on anyone’s bucket list.

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What is a Second Hand Car Loan?

A used car loan is a personal loan which helps you to a buy pre-owned car. Buying a car involves a lot of research and thought. From what model to choose,
to the price to the condition of the car, the list is endless.

Apply For Used Car Loan Online Anytime, Anywhere

Indiabulls Dhani’s used car loan makes it possible for you to avail a car loan instantly. The loan also provides you with a facility to avail a second hand loan for an amount which is higher than the cost of the vehicle. This helps you cover other associated
expenses such as additional accessories, security additions, insurance etc.

Used Car Loans – Benefits and Features

Indiabulls Dhani has made the process to avail a two wheeler loan completely tech-savvy and digital. Here are some benefits and features.


  • Competitive personal loan interest rates
  • Loans ranging from ₹ 1,000 to ₹ 15 Lakhs
  • Completely digital process
  • Hassle-free documentation
  • Instant money in your bank account
  • Tenure period ranging from 3 to 36 months

How to apply for a Used Car Loan?

Indiabulls Dhani has come up with a completely online process for loan application. By logging in through the website or the mobile application from Play Store or App Store you can avail a used car loan instantly. The verification and approval happen
on the spot.

Here’s how you can apply for Indiabulls Dhani Used Car Loan –


  • Step 1 :Download the Dhani App from Google Play Store or App Store.

  • Step 2 : Once downloaded, enter your mobile number and loan details.

  • Step 3 : Upload your PAN Card and Address Proof details.

  • Step 4 : Get the loan money disbursed into your bank account instantly.

Used Car Loan EMI Calculator

It is advisable to get a know-how of how much EMI you will have to pay every month for your used car loan. Our Used Car Loan Calculator is a convenient tool which gives you an approximate amount of your EMIs. To use this tool you need to enter the following details:


  • Loan amount
  • Desired tenure
  • Interest rate

Car Loan EMI Calculator Car Loan Interest Rates

Tips on How to Use a Personal Loan for Buying a Used Car

Millennials today, seek various choices and maximum value for all their products, also keeping the environment in mind. And a car is no exception. A used car loan can be availed to take care of your following expenses:

1. To pay your EMIs

2. To buy new insurance for your car

3. To ensure environment checks and to make sure your beloved car is environment-friendly

4. To service your car

5. To purchase additional accessories for your car

6. To add security features in your car

7. To re-paint your car and give it a brand-new look

Used Car Loans with Indiabulls Dhani

Availing a used car loan with Indiabulls Dhani is extremely easy. We do not ask you to visit our branches or submit a lot of unnecessary documents. All you need to do is apply for a used car loan online. The process is completely hassle-free. With only
PAN and address proof details, the loan gets approved instantly. No Registration Certificate is required. We also provide competitive used car loan interest rates.
If you wish to resell the car, there is no need to produce a hypothecation certificate.

Used Car Loan FAQs

When can I avail a used car loan?

You can take a used car loan once you decide which model you want to buy.

Do I have to pay a down payment for the car?

You can avail a used car loan without paying any down payment.

Is my car kept as a collateral till I repay the loan?

No. We do not keep your car as a collateral with us. You have the complete ownership.

Do I get a 100% finance for the car?

Yes. We provide you with 100% funding of the ex-showroom price of your car and if you wish you can take car loan of higher amount to make any desired upgradations or for the insurance premium.

Is my car insurance included in the loan?

No. We do not include the insurance amount. But you can take the loan for a higher amount and incur the cost of your car insurance.

Do I get tax benefits on my Used Car loan?

No. There are no tax benefits on Used Car Loans.

Can I sell my car before repayment?

There is no such condition from our end.

What are the different types of documents required for a New Car Loan or Used Car Loan?

Indiabulls Dhani does not require you to submit any hard copies of documents. The process is paperless. You only need to fill in your PAN and address proof details.

Does my information remain secure?

Yes, the information you feed remains safe. We have a secure system in place which keeps all your data away from any harm. We do not share your data with any third party.

Where can I download the Mobile application for the Loan?

You can download the application from Google Play Store or Apple App Store.

What is a used car loan EMI Calculator?

Plan your expenses by estimating the amount of EMI that you will be paying at the end of each month for your used car loan. An EMI Calculator helps you get an approximate amount of the same.

When will I get the amount disbursed into my account?

At Indiabulls Dhani you get instant used car loan approval, thus the amount is disbursed into your bank account in minutes.

What are the different tenure options?

The tenure options range from 3 months to 36 months.

Are there any prepayment charges?

If you wish to repay your second hand car loan before the tenure, that is known as prepayment. Many banks and lenders charge a prepayment fee. Indiabulls Dhani does not charge you any prepayment fee.

How can I be eligible to avail a Used Car Loan?

To avail a used car loan from Indiabulls Dhani, you need to be an Indian resident aged 21 years and above. You should be a salaried professional or self-employed entrepreneur.

Is there a minimum and maximum loan amount?

Indiabulls Dhani offers Used Car loans ranging from ₹ 1000 to ₹ 15 Lakhs.

Types of Personal Loan