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.

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How does loan tenure extension work for used car loans?

Posted:23rd October, 2025
Updated:23rd October, 2025

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1410

If you find that repaying your used car loan in monthly instalments is becoming a hassle and leading to financial strains, then look at how you could potentially extend the loan repayment period to make those monthly payments smaller and repayments easier to produce in your financial calendar.

Posted:23rd October, 2025
Updated:23rd October, 2025

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1365

The following table gives a detailed overview of the differences between secured and unsecured used car loans:

Posted:22nd October, 2025
Updated:22nd October, 2025

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1404

The loan-to-value (LTV) ratio plays a very important role in a used car loan application.

Posted:22nd October, 2025
Updated:22nd October, 2025

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1384

When you select bullet repayment for a used car loan, your EMI structure will differ from a standard loan.

Posted:22nd October, 2025
Updated:22nd October, 2025

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172

Borrowers can significantly simplify and improve their used car purchasing experience by partnering with a lender and dealership.

Posted:22nd October, 2025
Updated:22nd October, 2025

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171

Every time the RBI (Reserve Bank of India) changes its monetary policy, especially the repo rate, it starts a chain reaction which in turn affects the interest rates you see on used vehicle loans.

Posted:22nd October, 2025
Updated:22nd October, 2025