Pre-Owned Car Finance & Loan Against Car
Get quick approval for used car loans, new car finance, and loans against a car in Ahmedabad with flexible EMIs and the lowest interest rates.
Borrowers take a car Loan to purchase a used car, whether for personal or commercial use. Auto loans are secured loans, where the vehicle itself serves as collateral. Until you fully repay the loan, the lender retains the title to the car (including the RC books & other documents) and can repossess it if you fall behind on payments. Here, a Particular vehicle acts as security for the lenders.
A car loan can be availed for a maximum tenure of 5 years, but some banks/NBFCs can provide the loan up to 8 years for both new and used cars. The higher the tenure, the lower the EMI. So, tenure depends upon the customer’s profile and financial eligibility.
Since it’s a secured loan, it’s easier to avail of the loan for salaried individuals or Businessmen without any hassle. Auto loans or car loans can be availed with 90% to 100% funding on the on-road price of the cars. Car Refinancing is the best option to transfer your existing car loan to another bank for a lower interest rate. It is ideal whenever the ROI has decreased compared to the existing ROI.
Why Choose Moratorium for a Car Loan in Ahmedabad?
Moratorium Financial Services helps you compare and secure the lowest car loan interest rates from leading banks and NBFCs. Whether you need pre-owned vehicle finance, a used car loan, a loan against a car, or auto refinancing, our expert team handles everything from documentation to approval.
Key Highlights
- Competitive car loan interest rates starting from 7% p.a.
- Quick approval and minimal paperwork process
- Loan tenure of up to 8 years (for new and used cars)
- Up to 100% funding on the on-road price
- Options for private car finance and commercial car loans
- Assistance for loan against used car, refinance, and top-up loans
Whether you’re planning to buy a brand-new car or a pre-owned car, we help you secure the best car loan interest rates in Ahmedabad. Our strong network with banks and NBFCs enables us to offer affordable used car loan interest rates, starting from just 11%, as well as competitive finance options for second-hand cars of all brands.
Types of Car Loans We Offer
- New Car Loan : Finance your dream car directly from the showroom. Enjoy low car loan interest rates, flexible EMIs, and doorstep assistance in Ahmedabad.
- Used / Pre-Owned Car Loan : Planning to buy a second-hand car near you? We help you secure the best used car loan interest rates, fast approval, and funding of up to 90% of the vehicle's value.
- Covers
- Old car finance
- 2nd-hand car loan
- Pre-owned car loan
- Used vehicle loan
- Loan Against Car : Need urgent funds? Use your existing car as collateral and get an instant loan against it with a lower ROI and quick processing.
Minimum Criteria Requirement for Car Loan
- An age of 23 and a CIBIL score of 650 or higher are the basic requirements.
- For salaried circumstances, a person should be employed by a Pvt Ltd, LLP, Partnership firm, or sole proprietorship.
- A person shouldn't have missed or defaulted on any EMI payments in the previous 12 months.
Car Loan Interest Rates & Charges
| Loan Amount | Rs. 5 lac- 10 Cr |
|---|---|
| Tenure | 1 Year – 8 Years |
| ROI | 7 % – 10 % (New car) & 11% to 14%(Used car) |
| Processing Fees | 0.50% -2% + GST |
| Foreclosure Charges | 4%+GST |
| Part Payment Charges | 2%+GST |
Document Requirement for Car Loan
| Salaried Person | Self Employed | |
|---|---|---|
| ID Proof | PANCARD | PANCARD |
| Address Proof | Passport /Voter ID card / Aadhar card/ Driving License | Passport /Voter ID card / Aadhar card /Driving License |
| Registration Proof | Company ID Card | GST Certificate / MSME Certificate/ Gumastadhara |
| Income Proof | Last 3-month Salary slip | last 1 GST Return |
| Banking | Last 6-month Salary banking | Last 6 months Current & Saving bank Ac statement |
| ITR | Form 16 | Last 2 years ITR along with computation of income, Balance Sheet, and P & L Ac |
How Moratorium Financial Services Helps You?
As a trusted car loan consultant in Ahmedabad, we assist clients in obtaining car loans from various banks and NBFCs, leveraging our connections with all financial institutions and established relationships. We can provide faster, smoother processes and expert services at the client’s doorstep anywhere in India.
Due to our vast experienced team and expertise, we can provide services tailored to our customers’ requirements. We always recommend banks and NBFCs to clients based on their customer profiles and financial eligibility, and we help clients secure the best offers from financial institutions. That will solve clients’ financial problems.
Our motto is “Not to lend but to help”.
Used Car Loan in Ahmedabad – Drive Your Dream Today
A car loan is the best way to make your dream of owning a car a reality. Car Loan providers like Moratorium Financial Services help clients obtain a car loan in Ahmedabad with ease.
Why Moratorium Financial Services for a car Loan?
We have established strong connections with various financial institutions, allowing us to offer car loans at competitive interest rates. Contact our experienced team and give yourself a chance to drive a car of your own. With our expert services for car loans in Ahmedabad, you can avail yourself of a home without any hassle.
Questions Answered: Car Loan & Finance FAQs
The car loan process includes checking your eligibility, selecting a lender, submitting KYC and income documents, completing bank verification, and signing the loan agreement. Once approved, the loan is disbursed directly to the showroom or seller.
New car loan interest rates start from 7% to 10%, while used car loan interest rates usually range from 11% to 14%, depending on your CIBIL score, income stability, and the car's age.
Yes. Banks and NBFCs offer used car loans and old car finance with funding of up to 80–90% based on the vehicle's valuation and your profile.
You can get between 90% and 100% of the car's on-road price for new cars and around 70% to 90% funding for used cars, depending on the lender's policy and your eligibility.
You will need a PAN, Aadhaar, address proof, income proof (such as salary slips or ITR), and 6 months of bank statements. Self-employed applicants must also submit proof of GST or a business registration.
Yes. You can apply online, upload documents digitally, and get quick approval with doorstep service from our team.
A CIBIL score of 650 or higher is preferred, but some NBFCs may still approve loans with alternative eligibility checks or higher interest rates.
A loan against a car allows you to borrow money by keeping your existing car as collateral. Car refinancing allows you to transfer your current loan to another bank at a lower interest rate.
A Used car loan interest rates in Ahmedabad typically range from 11% to 14%, depending on the vehicle's age, valuation, your income proof, and CIBIL score.