Affordable Rides, Smart Loans – Check Eligibility & Apply in Clicks!
Need urgent funds? Don’t let financial worries hold you back. With Loan Shopie’s Top-Up Loan on Pre-Owned Car Loan, you can unlock up to 100% of your car’s value quickly and hassle-free. If you’ve made timely payments for just 9 months, you’re eligible for an instant top-up no extra paperwork, no delays. Whether it’s an unexpected expense or a personal goal, your car can help you get there.
Reach out to Loan Shopie today. Because your journey shouldn’t stop for anything.
Calculate Your Loan EMI
EMI: ₹0
Pre Owned Car Loan: Key Features
Instant Loan Offer
Get approved for a loan instantly with no waiting time.
Digital Process
Complete the entire loan journey online, anytime, anywhere.
Minimal Documentation
Apply with just a few essential documents, hassle-free.
Competitive Interest Rates
Get attractive interest rates on pre-owned car loans that fit your budget.
Quick Money- Instant Top up car loan for existing car loan customers
QuickMoney – an instant disbursal product for top up car loans through Netbanking and a wide range of ATMs. The eligible customers login through Netbanking / ATM’s and get the loan disbursed to their bank a/c. The amount gets credited in a matter of seconds. To check your eligibility for Quick Money, you can call or WhatsApp us, and check the Offers tab to avail QuickMoney.
Log into your NetBanking and check the offers tab to avail of QuickMoney
- Paperless process
- 24/7 Online
- Disburse your own loan
- Instant disbursals
All you need to know about Pre Owned Car Loan
Loan Amount
With Loan Shopie, you can avail a Pre-Owned Car Loan of up to ₹2.5 crores.
- Get 100% financing on pre-owned cars in just 30 minutes.
- Access loans for a wide range of cars and multi-utility vehicles.
- Eligible for a used car loan of up to 3 to 6 times your annual income.
- The vehicle’s age at loan maturity should not exceed 10 years.
- Choose a loan tenure of up to 60 months.
Premium Service Loan Shopie offers unmatched customer service, including end-to-end advisory support—from vehicle research to title transfer.
Flexible Repayment Tenure
RepaymentEnjoy flexible repayment tenures ranging from 18 to 84 months.
- Benefit from convenient, customisable plans.
- Preferential pricing available for existing customers.
Efficient Process
Experience a seamless loan application with quick approval and disbursal.
- Track your application anytime and enjoy doorstep service.
- Check your eligibility in just 60 seconds.
Minimal Documentation
Short on documents? Loan Shopie can help you get a Second-Hand Car Loan without income proof.
Get up to 80% of the car’s value for a 3-year term, or 85% for a 5-year term even without income documents.
Search Assistance
Beyond financing, Loan Shopie also helps you find the right car.
- Compare, research, and read reviews with ease.
- Search by price, brand, and EMI options to find the car that fits your needs.
The following people are eligible to apply for a Loan Against Car:
Salaried Individuals:
- This includes doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state and local bodies
- Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure
- Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
- Those who earn a minimum of Rs. 2,50,000 per year, including the income of the spouse
Self Employed Individuals (Sole Proprietorship):
- This includes self-employed sole proprietors in the business of manufacturing, trading or services
- Individuals who are a minimum of 31 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure
- Those who have been in business for a minimum of 3 years
- Should earn at least Rs. 2,50,000 per annum
Self Employed Individuals (Partnership Firms):
- This includes self-employed partners in the business of manufacturing, trading or services
- Individuals who earn at least Rs. 2,50,000 per annum
- Those who have a minimum turnover of Rs. 4,50,000 per annum
- Individuals who have a residence or office telephone line. A post-paid mobile phone that is a minimum of three months old is acceptable if only one landline is available
Self Employed Individuals (Private Limited Companies)
- This includes individuals who own a private company in the business of manufacturing, trading or services
- Should earn at least Rs. 2,50,000 per annum
- Individuals who have an office landline
Self Employed Individuals (Hindu Undivided Family – HUF):
- This includes self-employed individuals in a business that falls under HUF
- Should earn at least Rs. 2,50,000 per annum
- Individuals who have a residence and office telephone line. A post-paid mobile phone that is a minimum of three months old is acceptable if only one landline is available
- The Karta should be the co-applicant in his individual capacity
Loan Against Car Rates & Fees (offered through Loan Shopie ) are as follows:
| Description of Charges | Amount to be Paid |
| Premature Closure Charges (For Full Payment)* |
|
| Premature Closure Charges (For Part Payment)* |
|
| Stamp Duty (non-refundable) | At actuals |
| Delayed Instalment payment charge | 18% p.a.(1.50% per month) plus applicable government taxes on overdue instalment amount |
| Processing fees* (non-refundable) | Upto 1% of Loan Amount subject to minimum of Rs. 3500/- and maximum of Rs. 9000/- In addition Processing Fee on loans for:Manufacturer backed Accessory Funding, Maintenance Package Funding, Manufacturer backed CNG Kits Funding, Asset Protection measure Funding – Rs.3000. NIL Processing Fees for loan facility up to Rs. 5 Lakh availed by Micro & Small Enterprises subject to URC submission prior to disbursal |
| Documentation Charges* | Rs. 650/- per case |
| Registration Certificate (RC) Collection Fees | Rs 600/ (to be refunded in case of cancellation) |
| RTO Transfer Charges | At Actuals |
| Repayment Mode change charge | Rs. 500/- per instance |
| Loan cancellation | In the event of cancellation, interest charges from date of disbursement till the date of cancellation of loan will be borne by the customer. Processing Fee ,Stamp Collateral ChargesDuty, Documentation, Valuation and RTO charges (Used Car Purchase/Refinance) are non-refundable charges and would not be waived/refunded in case of loan cancellation |
| Legal, repossession & incidental charges | At actuals |
| Duplicate No Due Certificate/NOC | Rs 250/- Per Instance |
| Loan re-schedulement charges/rebooking charges | Rs. 400/- |
| LPG/CNG NOC/Other Special NOC | Rs. 200/- per NOC (Conversion subject to credit approval) |
| CIBIL Charges (only on request) | Rs. 50/- |
| Amortisation Schedule Charges | Rs 50/ per schedule for physical copy. |
| Commercial/Personal Use NOC (conversion subject to credit approval) | Rs. 200/- per NOC (Conversion subject to credit approval) |
| Rack interest rate | 13.75% p.a. onwards |
| Car Valuation /Asset Verification Charges* | Rs. 750/- per case |
| Payment Return Charges# | Rs 450/- per instance |
Inter-State NOC
Refundable Security Deposit (non-interest bearing) of Rs. 5,000 will be taken. It will be the borrower’s responsibility to provide the transferred Registration Certificate to the bank. In addition, NOC charge would be Rs. 250/-.
It is also advised that the customers should refrain from and dealings in cash with the Bank’s Direct Sales associates. Borrowers should also not make any payments in cash/bearer cheque or kind in connection with the loan, to the executive, dealing with the borrower for purpose of the loan.
# If you pay your EMI after the due date, interest will be charged on unpaid EMI for the number of days you are late. This interest is calculated at your loan’s contracted rate and will be added to your next EMI.
Example:
📅 EMI Due Date: 10th
💰 Payment Made On: 25th
⏳ Delay: 15 days
💸 Impact: Interest for these 15 days will be added to your next EMI.
Please pay on time to avoid this.
Rates offered to customer during the period of Jan’25 to Mar’25.
Bank IRR | |||
| Product | Min IRR | Max IRR | Avg IRR |
| USED CAR LOAN AND LOAN AGAINST CAR | 9.75% | 17.45% | 13.35% |
Annual Percentage Rate offered to customer during the period of Jan’25 to Mar’25.
APR | |||
| Product | Min APR | Max APR | Avg APR |
| USED CAR LOAN AND LOAN AGAINST CAR | 9.77% | 36.17% | 13.75% |
Note: * Premature closure charges (Full/ Part Payment),Processing Fees, Documentation charges, Payment return charges and Registration Certificate collection fees are exclusive of government taxes. Government Taxes and other levies (as applicable) would be charged additionally. All promotional offers will be null and void in case of third -party payments towards foreclosure and shall attract charges as per standard grid.
** Registration Certificate Collection fees is refundable in case of loan cancellation.
Salaried Individuals
Any of the following age proof documents:
- Aadhar Card
- Passport
- PAN Card
- Voters ID Card
- Photo Driving License with DOB (recent, legible, laminated)
- Photo Ration Card with DOB
- Employer Certificate/ID
- School/College Leaving Certificate
Any of the following documents as proof of identity:
- Aadhar Card
- Passport Copy
- PAN Card
- Voters ID Card
- Photo Driving License with DOB (recent, legible, laminated)
- Photo Ration Card with DOB
All the following documents as proof of income:
- Latest Salary Slip
- Latest Form 16/Latest ITR
- HDFC Bank corporate salary account statement for salary credits above Rs. 80,000 for the previous 3 months
Any of the following documents as address proof:
- Photo Ration Card with DOB
- Photo Driving License with DOB (recent, legible, laminated)
- Passport Copy
- Telephone Bill
- Electricity Bill
- Credit Card Statement with Credit Card Copy
- Employer Certificate/ID
Any of the following as sign verification proof:
- Passport Copy
- Photo Driving License with DOB (recent, legible, laminated)
- Credit Card Statement with Credit Card Copy
- Banker’s Verification
- Copy of Margin Money Paid to the Bank
- 9 month repayment track for vehicles being used personally, and 12 month repayment track for vehicles being used commercially
- Foreclosure statement in case there is a non-HDFC Bank loan on the vehicle
Self Employed Individuals (Sole Proprietorship)
Any of the following age proof documents:
- Aadhar Card
- Passport
- PAN Card
- Voters ID Card
- Photo Driving License with DOB (recent, legible, laminated)
- Photo Ration Card with DOB
- Employer Certificate/ID
- School/College Leaving Certificate
Any of the following documents as proof of identity:
- Aadhar Card
- Passport Copy
- PAN Card
- Voters ID Card
- Photo Driving License with DOB (recent, legible, laminated)
- Photo Ration Card with DOB
- Latest ITR / Previous ITR with Adv. Tax paid Challan / latest IT assessment order as proof of income
Any of the following documents as address proof:
- Photo Ration Card with DOB
- Photo Driving License with DOB (recent, legible, laminated)
- Passport Copy
- Telephone Bill
- Electricity Bill
- Credit Card Statement with Credit Card Copy
- Employer Certificate/ID
Any of the following as sign verification proof:
- Passport Copy
- Photo Driving License with DOB (recent, legible, laminated)
- Credit Card Statement with Credit Card Copy
- Banker’s Verification
- Copy of Margin Money Paid to the Bank
- 9 month repayment track for vehicles being used personally, and 12 month repayment track for vehicles being used commercially
- Foreclosure statement in case there is a non-HDFC Bank loan on the vehicle
Self Employed Individuals (Partnership Firms)
- Partnership deed as age proof
- Partnership deed as identity proof
- Latest ITR and Balance Sheet along with Profit & Loss Account. In case the business turnover exceeds Rs. 40 Lakhs, or the professional turnover exceeds Rs. 10 Lakhs, the balance sheet needs to have been audited, and in which case the latest Income Tax Return need not be taken
Any of the following documents as address proof:
- Partnership Deed
- Telephone Bill
- Electricity Bill
Any of the following as sign verification proof:
- Passport Copy
- Photo Driving License with DOB (recent, legible, laminated)
- Credit Card Statement with Credit Card Copy
- Banker’s Verification
- Copy of Margin Money Paid to the Bank
- 9 month repayment track for vehicles being used personally, and 12 month repayment track for vehicles being used commercially
- Foreclosure statement in case there is a non-HDFC Bank loan on the vehicle
Self Employed Individuals (Private Limited Companies)
- Memorandum and Articles of Association/Certificate of Incorporation as age proof
- Memorandum and Articles of Association/Certificate of Incorporation as identity proof
- Latest ITR and audited Balance Sheet along with Profit & Loss Account as proof of income
Any of the following documents as address proof:
- Memorandum and Articles of Association
- Certification of Incorporation
- Telephone Bill
- Electricity Bill
Any of the following as sign verification proof:
- Passport Copy
- Photo Driving License with DOB (recent, legible, laminated)
- Credit Card Statement with Credit Card Copy
- Banker’s Verification
- Copy of Margin Money Paid to the Bank
- 9 month repayment track for vehicles being used personally, and 12 month repayment track for vehicles being used commercially
- Foreclosure statement in case there is a non-HDFC Bank loan on the vehicle
FAQs on Pre Owned Car Loan
Interest rates for used car loans vary based on factors like the car’s age and your credit profile. Loan Shopie offers flexible repayment tenures ranging from 12 months to 84 months, ensuring comfortable EMIs
Yes, you can still apply for a used car loan through Loan Shopie even with a moderate credit score. However, a higher credit score (750+) can help you secure a lower interest rate and better loan terms.