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Finance certified pre-owned hatchbacks, sedans, and luxury SUVs, or refinance your debt-free vehicle to unlock quick liquid funds with end-to-end RTO assistance.
Get accurate car valuation & best bank sanction
A secured auto finance facility tailored for purchasing certified pre-owned passenger vehicles or refinancing existing car ownership for quick liquidity.
India's used car market crossed ₹1.5 lakh crore in 2024, yet most buyers still overpay or miss financing because they don't know what banks actually lend against verified valuations. Sanction's auto finance advisory desk does one thing most lenders won't — we get the car independently valued by a bank-empaneled surveyor before your application is submitted, so you know exactly how much the bank will finance. A Used Car Loan enables you to buy a certified pre-owned vehicle at a fraction of its showroom price while completely avoiding first-year depreciation.
We specialize in helping buyers finance everything from 2-3 year old certified sedans to pre-owned luxury SUVs (Fortuner, Innova, Audi, BMW, Mercedes) where fair surveyor valuation enables substantially lower downpayments. Additionally, with Car Refinance (Cash-Out), you can pledge a fully paid-off car to raise immediate liquidity up to 100% of its current market value — handled end-to-end by our automotive operations team including Form 29, 30, 34 RTO paperwork and RC hypothecation.
Choose the vehicle financing option that fits your purchase timeline or liquidity requirements.
End-to-end auto financing with quick valuation and express delivery.
Compare pre-owned auto loan rates, maximum valuation financing, and processing charges across lenders.
| Lending Bank / NBFC | Interest Rate (% p.a.) | Max Loan Amount | Processing Fee | Action |
|---|---|---|---|---|
|
HDFC Bank
Funding up to 100% of certified vehicle surveyor valuation
|
9.99% – 14.50% | Up to ₹50 Lakhs | 1.00% to 1.50% | Check Offer → |
|
ICICI Bank
Instant pre-owned car loans with express 24-hour disbursal
|
10.25% – 14.75% | Up to ₹50 Lakhs | 1.00% to 2.00% | Check Offer → |
|
Axis Bank
Wide coverage of multi-brand pre-owned vehicles and sedans
|
10.50% – 15.00% | Up to ₹40 Lakhs | 1.25% to 1.75% | Check Offer → |
|
Cholamandalam Finance
Refinance up to 150% valuation with liberal documentation
|
11.50% – 16.50% | Up to ₹35 Lakhs | 1.50% to 2.50% | Check Offer → |
|
Shriram Finance
High approval rates across tier 2 and tier 3 RTO jurisdictions
|
12.00% – 17.00% | Up to ₹30 Lakhs | 2.00% | Check Offer → |
Calculate your estimated monthly installment across loan amounts and tenures.
Simple criteria for purchasing pre-owned vehicles or refinancing.
Doorstep valuation, digital documentation, and express RTO transfer.
Complete schedule of interest rates, valuation, and RTO charges.
| Fee Category | Applicable Charges | Details & Notes |
|---|---|---|
| Interest Rate | 9.45% to 17.00% p.a. | Based on car segment, vehicle age, credit score, and applicant profile. |
| Processing Fees | 1.00% to 2.00% of loan amount | Deducted upfront by the bank during loan disbursal. |
| Valuation & Inspection | ₹1,500 to ₹3,500 (At actuals) | Paid directly to bank-empaneled vehicle inspection surveyors. |
| RTO Transfer & Hypothecation | ₹1,500 to ₹4,500 (State actuals) | Government statutory fee for Form 29/30 & Form 34 HP endorsement. |
| Foreclosure Penalty | 0% to 3% of principal balance | Zero charges after 12 EMIs for eligible individual borrowers. |
Direct institutional tie-ups and credit desk liaison across India's leading vehicle lenders.
Common questions about car loans, vehicle age, and refinancing.
Yes. Most partner banks finance vehicles up to 10 to 12 years of age at the time of loan maturity. For an 8-year-old vehicle, a tenure of 2 to 4 years is comfortably sanctioned.
Car Refinance allows you to pledge your existing car to borrow liquid cash up to 150% of its market valuation. Interest rates are lower than personal loans and funds are credited in 24 hours.
Our dedicated operations desk handles the entire RTO documentation, transfer of ownership, and bank hypothecation endorsement end-to-end.
