Used Car Loan Provider in Delhi
Quick &
convenient
Easy application process
Instant online
approval
Apply online and get instant approval on your loan application
Disbursal
within hours
Get the loan amount transferred to your bank account within hours
No collaterals or
hidden charges
Collateral-free loan process with no hidden charges
Enter your phone number and follow the simple steps to check your eligibility
Get instant online approvals on Personal Loans of up to
₹5 Lakh
Get the loan amount disbursed within hours of signing the agreement
Are you looking to buy a used car in Delhi but worried about financing options? Look no further! Zedvi Finance is here to make your dream of owning a car a reality. As a leading car loan provider in Delhi, we offer flexible and affordable used car loans tailored to meet your needs.
Why Opt for a Used Car Loan?
Affordability: Used cars are generally more affordable than new ones, reducing the loan amount needed.
Lower Depreciation: Used cars depreciate at a slower rate compared to new cars, maintaining their value better.
Wide Selection: The used car market offers a diverse range of vehicles to choose from, fitting various budgets and preferences.
Key Features of Used Car Loans in Delhi at Zedvi Finance
- Competitive Interest Rates: Zedvi Finance offers some of the most competitive interest rates in the market. Our goal is to make your loan as affordable as possible, ensuring you can manage your monthly payments comfortably.
- Flexible Loan Tenures: We provide flexible repayment options, allowing you to choose a tenure that suits your financial situation. Whether you prefer a shorter tenure to pay off your loan quickly or a longer one for smaller monthly payments, we have you covered.
- Quick and Easy Approval Process: Time is of the essence when it comes to purchasing a car. Our streamlined application process ensures that your loan gets approved quickly, so you can drive away in your new car without unnecessary delays.
- Minimal Documentation: We understand that collecting and submitting documents can be a hassle. That’s why we require minimal documentation, making the application process smooth and straightforward.
How to Apply for a Used Car Loan with Zedvi Finance
- Check Eligibility: Visit our website to check the eligibility criteria for a used car loan. Ensure you meet the basic requirements regarding age, income, employment status, and credit score.
- Online Application: Fill out our online application form with your personal, employment, and financial details. This form is designed to capture all necessary information to process your loan application efficiently.
- Submit Documents: Upload the required documents, including identity proof, address proof, income proof, and details of the car you intend to purchase. Make sure the documents are clear and legible.
- Loan Processing: Our team will review your application and documents. We may contact you for additional information if needed. During this stage, we conduct a thorough credit appraisal and evaluate the car you plan to purchase.
- Approval and Disbursement: Once your application is approved, you will receive an approval letter outlining the loan amount, interest rate, tenure, and other terms and conditions. After signing the loan agreement, the loan amount will be disbursed directly to the seller.
Tips for a Successful Loan Application
- Maintain a Good Credit Score: A good credit score increases your chances of loan approval and may result in better interest rates.
- Accurate Information: Provide accurate and complete information in your application to avoid delays.
- Timely Document Submission: Submit all required documents promptly to facilitate quick processing
Documents Required for Used Car loan in Delhi
When applying for a used car loan with Zedvi Finance, it's important to have all the necessary documents ready to ensure a smooth and efficient approval process. Below is a comprehensive list of documents you will need:
- Identity Proof: Aadhaar Card, Passport, Voter ID Card, Driving License, PAN Card
- Address Proof: Aadhaar Card, Passport, Voter ID Card, Driving License, Utility Bills (electricity, water, gas), Rental Agreement
- Income Proof: To demonstrate your ability to repay the loan, you need to provide income proof. Depending on your employment type:
For Salaried Individuals: Salary slips for the last 3-6 months, Form 16 or Income Tax Return (ITR) for the last 2 years, Bank statements for the last 6 months
For Self-Employed Individuals: ITR for the last 2-3 years, Audited financial statements (Profit & Loss account and Balance Sheet), Bank statements for the last 6 months, Business continuity proof (Trade License, GST Registration, etc.) - Car-related Documents: Copy of the Registration Certificate (RC) of the used car, Copy of the car insurance policy, Invoice or Sale Agreement from the seller.
Why Choose Zedvi Finance as Car Loan Provider in Delhi?
- Trusted Partner: With years of experience in the financial sector, Zedvi Finance is a trusted partner for thousands of customers.
- Customer-Centric Approach: We prioritize our customers’ needs and work tirelessly to provide the best solutions.
- Transparent Process: Our loan process is transparent, with no hidden charges or terms. What you see is what you get.
Frequently Asked Questions (FAQs)
The approval process can take anywhere from a few hours to a few days
depending on the completeness of your application and documentation. Zedvi Finance aims to process loans quickly and efficiently
Interest rates vary based on factors such as the loan amount
tenure
and your credit profile. Zedvi Finance offers competitive rates
and you can check the current rates on our website or by contacting our customer service.
Interest on Loan
EMI Calculator
Loan EMI
Total Interest Payable
Total Amount
Current Rate of Interest As per Nov '23
| Home Loan | @ 8.35% - 13% Per Annum |
| Loan Against Property | @ 8.80% - 14% Per Annum |
| Personal / Professional Loan | @ 10.5% - 18% Per Annum |
| Business Loan | @ 14% - 24% Per Annum |
| CGTMSE / Bank Limit / MSME Loan | @ 8.90% - 14% Per Annum |
| Project / Corporate Loan | @ 8.90% - 14% Per Annum |
| * Terms & Conditions Apply | |