What is the highest loan duration offered for used cars?

Yes—when it comes to stretching out those EMIs and keeping life easy, the highest loan duration offered for used cars is up to 84 months. Imagine driving your “new old” car without sweating over quick repayments.

Worried it’s not enough? For most people, 84 months let you avoid heavy monthly payments and keep things light on the wallet. Will it suit everyone? Maybe not. If you want to finishing up early and stay away from extra interest, you can always go for shorter durations (minimum 18 months).

Here are the facts in easy bites:

• Maximum loan duration: 60 months
• Interest rate starts from 10% p.a.

So if you hate long commitments, just pick a shorter loan. But if decades in your favourite car sound good, four years is as far as you can stretch.