Used Car Loan Financial FAQs
Secure the one of the best used car financing with our detailed FAQs. Access clear, concise information to make informed loan decisions.
- Posted:13th November, 2025
- Updated:13th November, 2025
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https://www.shriramfinance.in/financial-faqs-used-car-loan
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There are many factors that go into calculating your used car loan.
Read More - Posted:12th November, 2025
- Updated:12th November, 2025
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https://www.shriramfinance.in/financial-faqs-used-car-loan - 154
Yes, there’s a minimum amount if you’re looking to finance a used car—the magic number is ₹1 lakh.
Read More - Posted:12th November, 2025
- Updated:12th November, 2025
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https://www.shriramfinance.in/financial-faqs-used-car-loan - 155
The loan-to-value (LTV) ratio for used car loans is typically up to 90% of the car’s value.
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- Updated:12th November, 2025
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https://www.shriramfinance.in/financial-faqs-used-car-loan - 152
Applying for a used car loan online with instant or fast approval is growing in popularity among lenders in India.
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- Updated:12th November, 2025
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https://www.shriramfinance.in/financial-faqs-used-car-loan - 162
The decision to use a personal loan or a used car loan is largely based on one's personal finances or circumstances.
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- Updated:12th November, 2025
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https://www.shriramfinance.in/financial-faqs-used-car-loan - 169
Having valid vehicle insurance is a requirement to secure a used car loan in the country.
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- Updated:12th November, 2025
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https://www.shriramfinance.in/financial-faqs-used-car-loan - 144
The maximum loan to value (LTV) ratio for used car deals can fluctuate, but it is not uncommon to see offers for 100% of a vehicle's assessed value.
Read More Popular FAQs
- Can I use collateral other than the car itself?
- Can I use business income proof for a personal car loan?
- Can I take a loan for a car under company ownership?
- Can I negotiate the used car loan interest rate before final approval?
- Can I get a used car loan for vintage or classic cars?
- Can I get a loan for a car that’s already under hypothecation?
- Can I get a loan for a car older than 10 years?
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Most Viewed FAQs
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