Here's what our customers have to say about their loan experience with Cardekho
FAQs on Used Car Loan
Get answers to the frequently asked questions about used car loan here
What are the benefits of applying through CarDekho?
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.
How can I benefit from getting my loan approved before finalizing my car?
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.
What are the documents required for login?
To process your loan application with the selected lender, you would be required to submit your KYC documents, which include your identity proof and current address proof, a copy of your PAN Card, your bank statement and your income proofs. You can get the exact requirement from your loan consultant after applying with us.
How much loan can I get on a used car?
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 applying your application.
What will be the rate of interest for my loan? Is PF charged on my loan?
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.
What is the process of transfer of ownership after my loan is sanctioned?
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.