#182/B, First floor, B.K Guda, S.R.Nagar, Hyderabad

Old Car Finance

Spotting a good second-hand car can prove to be as good as new. But you are not always ready with the funds to buy your dream car. Now you don't have to worry about funds when you need them the most. Our old car finance comes with hassle-free procedures, low-interest rates and faster approval of loans.

Eligibility

Age

21 years to 65 years

Income

An individual must have a regular source of income, Rs. 18,000 for salaried and Rs. 1.5 Lakh per annum for businessmen.

Work Experience

Minimum of 1 year of experience in case of salaried individuals and business existence of 3 years for businessmen.

Credit Score

A credit score above 700

Age of the Vehicle

The vehicle must not be less than 10 years at the time of loan maturity
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Documents Required

  • Valid identity proof: Any one of passport / Adhaar card / voters ID card / driving license / PAN card.
  • Valid address proof: Any one of passport / Aadhaar card / voters ID card / driving license / telephone bill / electricity bill / gas connection bills / ration card / LIC policy.
  • Income proof: ITR / form 16 / pay slip / salary credit in bank statement
  • Asset proof: Latest land/building/house tax receipt.
  • Recent passport size photo.

Common Questions

Yes, you can avail a loan on your existing car.
No, security or collateral is not needed.
The loan amount for an Old Car ranges from a minimum of ₹ 1,00,000/- to a maximum of ₹ 50, 00,000/- depending on your eligibility.
No. But if your income does not meet our credit criteria, then you may require a guarantor.
Yes, you can avail an old car loan with a co-applicant.

Let's Talk Money!

Make your grand plans possible by talking to us about your financial needs.

Get In Touch info@1finservices.com

Contact Address

H.No 182/B first floor, B.K . Guda Park , S.R. Nagar,
Hyderabad, Telangana - 500038.

+91 76618 61573, 90630 90587

info@1finservices.com

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