Loangranted is a loan offering from Vivifi India Finance Private Limited, a non-banking finance company (NBFC) registered with the Reserve Bank of India (RBI)*

Used Car Loan In Ahmedabad from Loan Granted helps you turn your dreams into reality. Choosing a used car is a smart choice, it’s a value-for-money purchase, reliable and easy financing alternative to buying a new car. Since, you might be planning to shift or upgrade from a 2-wheeler to a car or from a small car to a bit expensive car, then getting a used car would be the perfect decision, as you would like to give your family the comfort and convenience they deserve. We at Loan Granted understand your worries and offer solutions that are best suited for your requirements.

It is no denying a fact that buying a car is not everyone’s cup of tea, and requires a lot of research and money to be invested, before finalizing with one. That is the reason why more people opt for a used car or a second-hand car.

Used Car Loan In Ahmedabad: Features and Benefits

Loan Granted is a loan offering from Vivifi India Finance Private Limited, a non-banking finance company (NBFC) registered with the Reserve Bank of India (RBI), offering Ahmedabad’s quickest online used car loans that can be disbursed within a day and a loan provision up to INR 2,00,000 by not compromising on any guarantees. It is a completely online process and is quick, simple and hassle-free. Used car loan eligibility criteria is considered as the pivotal factor to get your loan approved. Loan Granted is providing customized personal loan in the form of used car loans, making it much more appealing with the benefits mentioned below:

  • Complete digital process - An online application form is available on our website where the borrower can fill in the requested details along with the submission of some basic documents.
  • Collateral-free - Loan Granted offers used car loans without any collateral. The borrower is not required to submit his assets as security to acquire a car loan and is also free from risk in case of non-payment.
  • Instant cash 24*7 - As and when the need arises for unexpected financial requirements while purchasing your car, Loan Granted offers used car loans 24*7.
  • Quick verification - The loan application is quickly processed and the loan eligibility of the applicant is promptly determined.
  • Unlimited withdrawal - Once, the payment of your earlier borrowed amount is done, you can thereby proceed in accessing the next loan request if required. Thereby, additional time is not wasted in applying for a fresh used car loan.
  • Prepayments made easy - Borrowers are provided with an option to proceed with prepayments if they have excess cash, thereby helping with the repayment easily.
  • Transparent process - No hidden and pre-payment charges are required to access used car loans at Loan Granted.

Used Car Loan In Ahmedabad: Eligibility

Everyone dreams of buying a car, but people choose used cars because of the huge difference in price. When there is a chance of getting a better model in a second-hand car, why not invest the little budget you have in buying accessories, security additions and, insurance, etc. Moreover, manufacturers are designing cars having high-quality standards and with longer warranty periods.

Loan Granted provides used car loans for salaried professionals and our instant approval process eliminates the need for both paperwork and the intermediary person. Your loan amount is deposited into your account as soon the loan is approved. Listed below are the eligibility criteria that are required to get a used car loan approval online.

  • Must be of Indian nationality
  • Minimal eligible age is 21 years
  • Should be a salaried individual and income should be at least INR 8,000.

The credit score reflects how well or how poorly you have dealt with loans or credit cards in the past. Your creditworthiness is defined with the CIBIL score you have achieved. Loan Granted shall verify the individual’s eligibility for a used car loan through the CIBIL report. A credit score is normally a 3-digit number which ranges from 300 to 900. If you pay your credit card bills and loan amount on time, then your credit score will gradually increase thus making you a trustworthy borrower for the lender.

A higher credit score builds higher chances of loan credibility.

Documents Required to Apply for a Used Car Loan In Ahmedabad

Listed below are the mandatory documents required to get a used car loan approved online at Loan Granted:

  • PAN card
  • Identity proof like Passport, Driving Licence, Voter’s Id, Aadhaar card
  • Address proof like Passport, Rental Agreement, Ration Card, Electricity Bill, Telephone Bill, Gas Bill
  • Income proof like Payslips and Bank Statements of the last 3 months
  • Passport size photographs

Loan Amount

Avail used car loans from INR 500 to INR 2,00,000 with Loan Granted.

Loan Tenure

The tenure of a used car loan at Loan Granted is up to 3 years.

How to Apply for a Used Car Loan In Ahmedabad at Loan Granted?

Below is the step-by-step procedure to get a used car loan in a day:

Step 1 - Log in to the Loan Granted website and click on apply now; you will be then redirected to the online loan application form page.

Step 2 - Fill in your personal, employment, and income details.

Step 3 - Submit the loan application form along with the requested mandatory documents.

Once your loan is approved, the funds will be transferred to your bank account within 24 hours.

With Loan Granted used car loans, you can buy your dream car easily. The loan tenure can also be decided by you. So, if you fall short of funds, get in touch with us and we will offer you an instant loan.

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FAQs


You can quickly apply for a used car loan with Loan Granted using our simple online application form.
The mandatory documents required to apply for a used car loan with Loan Granted are:
  1. Identity proof
  2. PAN card
  3. Address proof
  4. Bank statements for the last 3 months
  5. Salary slips for the last 3 months
  6. Photo
No! Loan Granted used car loan can be availed by only salaried individuals with a minimum salary of INR 8,000.
To be eligible for our used car loan, you must be an Indian citizen with a minimum of 21 years of age.
Loan Granted used car loan is approved almost instantly.
You can borrow as low as INR 500 and up to INR 2,00,000 with Loan Granted.
The loan tenure is up to 3 Years (Open-ended)
No, this is an unsecured loan. You don't need to provide any security, guarantors, or collateral.
Yes, you can prepay your loan. Loan Granted doesn't levy any prepayment fee.
A used car loan from Loan Granted can be utilized for any of your needs. There are no restrictions on usage!
Net Banking Verification is a revolutionary process used by banks, lenders and other financial institutions to verify the financial status of a potential customer. While applying for an online used car loan with Loan Granted, you can choose the EBV option instead of 'Upload Your Documents' option to get used car loan approval.
Your used car loan application with Loan Granted will be rejected if your profile doesn't meet our eligibility requirements.
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