Question 1

What are the benefits of applying through CarDekho?

Accepted Answer

CarDekho is a one-stop solution for all your car finance needs. We have partnered with India’s leading banks and NBFCs to help you get a loan to purchase your dream car. We provide you with door-step assistance making the process hassle-free and quick. Just fill the form, check your eligible quotes from our partners and submit the application with us. We will take care of the rest.

Question 2

How can I benefit from getting my loan approved before finalizing my car?

Accepted Answer

Getting your loan approved before finalizing your car has multiple benefits. 1. You save on processing time of the application helping you get faster approval and 2. You get to know your overall loan eligibility based on your budget. This helps you shortlist more cars that meet your eligibility before finalizing one.

Question 3

What is CarDekho InstaLoan and what is the benefit?

Accepted Answer

CarDekho InstaLoan is India's fastest used car loan, where we help you get your instant offer which is a hard approval. The process is completely paperless and online. We power this complete experience for you through InstaLoan, while your loan is booked with our finance partner. Paperwork is done at the time of delivery and the car is released as soon as you complete the paperwork making the entire process instant and seamless.

Question 4

How much loan can I get on a used car?

Accepted Answer

Loan amount eligibility depends on the value of the car you are purchasing. You can get a loan upto 90% of the car value. Some lenders even provide upto 100% funding depending on your application. You can get more information about this from our loan consultant after completing the application

Question 5

Do I need to go to the Bank to complete documentation/visit the CarDekho office myself to sign docs?

Accepted Answer

Absolutely NOT! Our executive will get the loan agreement and print outs of all the online submitted documents. All signatures and application filling will be done at one go at the time of car release at the dealership.

Question 6

What will be the rate of interest for my loan? Is PF charged on my loan?

Accepted Answer

We provide offers starting from 14.5% per annum. Your exact rate of interest will be determined by the lender basis your loan application. Lenders generally charge you with a processing fee directly deducted from your loan amount. The processing fees can be negotiated with the lender at the time of sanction of your application.

Question 7

What is the process of transfer of ownership after my loan is sanctioned?

Accepted Answer

After your loan application is sanctioned, CarDekho helps you in transfer of ownership of the vehicle in your name. To start the process, we get original documents of the vehicle you have purchased, collected and submit it to the RTO on your behalf. The transferred RC is then directly sent to your current address post transfer of ownership and hypothecation addition.

Used Car Loan