Eligibility for a pre-owned car loan depends on the individual appraisal and the product, and all loans are given at the sole discretion of the company. The basic eligibility criteria are as below:
Salaried Individuals:
All Indian residents
Minimum age of 21 years
Maximum age of loan maturity at 60 years
Income requirement as per the vehicle model, vehicle age and repayment tenure
Self Employed:
Minimum age of 21 years
Maximum age of loan maturity at 65 years
Minimum employment of at least 1 year in the business
No age bar for partnership firms, Pvt. Ltd. and Ltd. companies