What is the eligibility criteria for a used car loan?

To be eligible, you generally need to be between 21 and 65 years old, have a stable source of income, and a decent credit score. Specific requirements may vary by lending partner.

How much loan amount can I get?

You can typically get a loan amount up to 90% of the car's valuation. The final amount depends on your income, credit history, and the car model.

What documents are required for the application?

We follow a minimal paperwork process. You will generally need your KYC documents (ID and address proof), income proof (like salary slips or bank statements), and vehicle documents (RC book).

How long does the approval process take?

Our process is designed for speed. After submitting all required documents, you can expect approval in as little as a few hours, with disbursal often happening within 24 hours.

Can I get a loan for any used car?

Loans are generally available for cars up to 10 years old. The car must have a clear title and be in good condition. For more details, please contact our team.

A happy person driving their newly financed used car.

Get a Loan for Your Dream Used Car

Enjoy competitive interest rates, flexible repayment tenures, and a hassle-free process.

Used Car Loan Benefits

Why choose our used car loan solution

Easy Documentation

Our simplified application process for individuals and firms requires only minimal paperwork.

Attractive Interest Rates

Secure your dream car with our competitive interest rates, designed to be affordable and fair.

Flexible Repayment Tenures

Enjoy custom tenure options from 1 to 5 years, based on the vehicle's age and condition.

No Hidden Charges

We believe in complete transparency. All terms and costs are clearly outlined with no surprises.

Multiple Repayment Options

Choose from various payment methods, including online transfers and auto-debit, for your convenience.

Easy Documentation

Our simplified application process for individuals and firms requires only minimal paperwork.

Attractive Interest Rates

Secure your dream car with our competitive interest rates, designed to be affordable and fair.

Flexible Repayment Tenures

Enjoy custom tenure options from 1 to 5 years, based on the vehicle's age and condition.

No Hidden Charges

We believe in complete transparency. All terms and costs are clearly outlined with no surprises.

Multiple Repayment Options

Choose from various payment methods, including online transfers and auto-debit, for your convenience.

Easy Documentation

Our simplified application process for individuals and firms requires only minimal paperwork.

Attractive Interest Rates

Secure your dream car with our competitive interest rates, designed to be affordable and fair.

Flexible Repayment Tenures

Enjoy custom tenure options from 1 to 5 years, based on the vehicle's age and condition.

No Hidden Charges

We believe in complete transparency. All terms and costs are clearly outlined with no surprises.

Multiple Repayment Options

Choose from various payment methods, including online transfers and auto-debit, for your convenience.

Used Car Loan Requirements

Everything you need to know about applying for our Used Car loan.

Type	Details
Age	Between 21 and 65 years at the time of loan maturity.
Employment	Salaried individuals and self-employed professionals.
Income	Minimum net monthly income of ₹20,000.
Residency	Must be a resident of India.

Type	Details
Proof of Identity	PAN Card, Aadhaar Card, Passport, or Driving License.
Proof of Address	Aadhaar Card, Utility Bill (latest), or Rental Agreement.
Proof of Income	Latest 3 months salary slips and Form 16 (for salaried).
Bank Statement	Last 6 months bank statements.

Type	Details
Processing Fee	Up to 2% of the loan amount.
Prepayment Charges	As per the loan agreement terms.
Late Payment Fee	Applicable on overdue EMIs.
Cheque/NACH Bounce	₹500 per instance
Loan Cancellation Charges	₹2,000 + applicable interest post-disbursal

Your Journey, Simplified

From browsing to your driveway, we've designed a seamless and transparent process.

Choose Your Perfect Car

Browse thousands of certified cars online or at a Spinny Hub. Every car comes with a detailed inspection report to help you decide.

Check Loan Eligibility

Find out your loan eligibility in minutes with our simple, instant online process. Get a transparent view of your financing options right away.

Secure Document Upload

Submit a few necessary documents through our secure online portal. We’ve eliminated the hassle of physical paperwork for a faster process.

Receive Quick Approval

Our integrated system allows for lightning-fast decision-making. You'll receive your final loan approval and a clear offer from Spinny Capital.

Get Your Car, Home-Delivered

Once the financing is complete, we'll handle the rest. Your fully-serviced, gleaming car will be delivered directly to your doorstep.

Frequently Asked Questions

Have questions? We've got answers. If you don't find what you're looking for, feel free to contact us.