Used Car Loan in Kerala

You can get a used car loan in Kerala without any worry from Muthoot Capital Services Ltd. New cars can prove expensive if you are on a budget, but if it is your dream then you can go for a used car. There are many used car finance schemes in Kerala by our finance company to make your dream fulfilled. Used car is a smart and value-for-money buy. The car loans are offered for a wide variety of cars ranging from hatchbacks to SUV’s to prime sedans.
Loans are extended to up to 95% of the value of the vehicle on road price and that makes repayment easy and well within budget. It is a hassle free process that gets you to your dream car.

Features & Benefits: Used Car Loan in Kerala



Used car loans in Kerala can be availed with ease and at low interest rates.

Flexible repayment options, ranging from 12 to 48 months.

The tenure is flexible. You can repay the loan in 12-60 months.

Special schemes to suit your needs.

We offer attractive schemes in used car finance in Kerala. Up to 95% of the value of the car can be availed of as a loan.

Attractive interest rates.

Attractive interest rates.

Quick approval

The eligibility criteria is inclusive.

Quick approval

The application process is seamless

We provide loans under income base, no income base, and asset proof base.

We provide loans under asset proof base, income base and no income base.

We provide loans under income base, no income base, and asset proof base.

Loans ranging from Rs 50,000 to Rs 10 lakhs can be applied for according to eligibility criteria.

Hassle free loans

The hassle free used car loans have a quick approval system

Hassle free loans

The disbursal is fast and hassle free

Easy and simple documentation

The documentation is easy and simple

We provide loans up to 100%* for specific models under specific schemes

The low interest rate and flexible tenure make it easy to own your pre-owned car

Eligibility Criteria Required for Used Car Loan in Kerala

Used car loans in Kerala are becoming increasingly popular as aspirations towards a better lifestyle are growing. The used car loan eligibility is simple:

01

You have to be an agriculturist/ self-employed person / salaried individual.

02

You should be 21 at the time of application or 65 when the tenure of the loan ends.

03

The minimum net salary should be Rs 15,000 per month or the net business income should be Rs 1,50,000 per annum.

Documents Required for Used Car Loan in Kerala

The easy documentation process makes taking a used car loan in Kerala very simple. The documents required for a used car loan is as follows:

You need a signed application form and a passport sized photo.

Valid address proof in the form of passport/ voter ID card/ Aadhaar card/ driving license/ utility bills/ Ration card/ LIC policy is accepted.

Valid identity proof like the passport/ Voter Id card, PAN card/ driving license/ Aadhaar card is required.

...

You also need an income proof like the ITR/ Salary credit in bank statement or pay slip.

Asset proof may include the latest land, house or building tax receipt.

The process is simple and quick. You can reach out to our customer care executive to help you with the details.

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How to Apply for Used Car Loan in Kerala?

Getting a used car loan in Kerala is not difficult. You can apply for a used car loan online - by clicking Apply Now at the homepage and a customer care representative will get in touch to take the conversation forward. You can even walk into any of our Muthoot Fincorp branches across Kerala. Or you can call us at 1800 102 1616. The dream of owning a pre-used car can become a reality in the shortest time possible. Once you check our site for the eligibility criteria, use the EMI calculator to find a comfortable EMI option. Click on ‘Apply Online” button or ask for a callback. The drop-down information sheet will collect your contact details.

Our representative will connect with you to guide you through the process. Once the application form is filled, our team will help process the documents and help you get your used car loan in no time at all. Your journey to being a car owner is waiting to come true.

EMI Calculator

Loan

Tenure (Months)

Tenure

Interest Rate

%

Monthly EMI

₹ 1750

EMI Calculator

Loan

Tenure (Months)

Tenure

Interest Rate

%

Monthly EMI

₹1750