Money Finance
Bangalore 560022 moneyfinanceservice@gmail.com

Office Address

  • No 1503 40/41 MKK Road 11th C Cross 1st Floor Bangalore - 560022
  • moneyfinanceservice@gmail.com
  • +917022573176

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Our Features

Used Car Loan

Loan of up to ₹ 47 Lakh

3 Unique
Variants

Tenure of up to 72 months

Minimal Documentation

Explore Used Car Loans with Money Finance Service

At Money Finance Services, we understand that purchasing a used vehicle can be a significant decision, whether it’s for personal transportation or business purposes. Our used car loans are designed to provide you with the financial assistance you need to own a reliable vehicle without the stress of upfront payments. With competitive interest rates, flexible repayment terms, and a straightforward application process, Money Finance Services is committed to helping you drive away in your desired used vehicle quickly and affordably. Whether you’re looking for a compact vehicle, a spacious option, or a reliable pickup, our tailored financing solutions are here to make your car buying experience smooth and hassle-free.
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Features Of Used Car Loan

Seize Opportunity

Own a quality used car without waiting to save up the full amount.

Budget-Friendly

We lend you the funds required to purchase the used car, repaid in manageable monthly installments.

Flexible Options

Choose from various used car models that suit your preferences.

Immediate Ownership

Drive your desired used car without the delay of saving for years.

Eligibility Criteria for Used Car Loans

  • Credit Score : A good credit score, typically 650 or higher, is often required.
  • Income Level : Minimum monthly or yearly earnings are necessary to demonstrate repayment capability.
  • Employment Stability : A stable job with a minimum work experience of 1-2 years is generally required for salaried individuals or self-employed individuals.
  • Debt-to-Income Ratio : Lenders assess your ability to manage additional debt based on your current income and existing financial obligations.
  • Age of Car : The age of the used car being purchased can impact eligibility and loan terms.
  • Loan Amount Requested : The amount you apply for should be within the lender's specified limits based on your income and repayment ability.
  • Down Payment Amount : Lenders may require a certain percentage of the car's cost as a down payment.
  • Loan Tenure : The duration over which you intend to repay the loan affects eligibility criteria and interest rates.
  • Credit History : Your past credit behavior, including timely payments and existing loans, is considered.
  • Existing Financial Obligations : Other ongoing financial commitments (such as existing loans or credit card balances) are factored into your eligibility.

Documents required to apply for Used Car Loan

Valid Photo ID Proofs
Provide a PAN Card or any other government-issued photo identification that verifies your identity.
Last 2 years' ITR (Income Tax Returns) as proof of income
Submit income tax returns filed for the past two financial years to demonstrate your income.
Signature Verification Proof
Present a document that verifies your signature, such as a copy of your passport or a bank declaration.
Latest 3 months' Salary Slip:
Include your latest three months' salary slips from your employer, showing your monthly earnings.
Latest 6 months' Salary account statement
Furnish bank statements from your salary account for the last six months, reflecting regular income deposits.
Registration Certificate of the Car
Provide the document that proves ownership and registration details of the used car you intend to purchase.
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