Top List of 4 Second Hand Car Loan Providers in Gurgaon. Get a Used Car loan with a low interest rate. Also, get an instant used auto loan, used vehicle financing, used car loan, and more. Find the best second hand car loan service providers n as on Sep 21, 2025

Car Dhoondho.Com

Gurgaon, 122001

4.7/5 Based on 3 Reviews

+918069868119

Loans

Response Time: Within 15 MinsSulekha score: 5.8

Car Dhoondho.com, located in Janakpuri, Delhi, is a prominent car finance and loan service provider. They specialize in helping customers secure financing for both new and used vehicles with tailored loan options that meet individual needs. The company is known for its customer-centric approach, offering competitive interest rates and flexible repayment terms. They operate from 10:00 AM to 8:00 PM, ensuring accessibility throughout the day. Car Dhoondho.com has received positive feedback for their prompt service and professionalism, making them a trusted choice for vehicle financing in the Delhi area

Available Loan Types:

Offering 3 different types of loans

Loan Amount Range:

From ₹1 Lakhs to ₹25 Lakhs and above
Depending on the type of loan

Sandeep Kumar from Delhi

"Good services and well trained staff"

sunny from Delhi

"I take the new car loan from car dhoondho .. fabulus services"

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A SQUARE FINANCE & REALESTATE

Gurgaon, 122001

+918069831982

Loans Construction Loans Structural Adjustment Loans

Response Time: Within 30 Mins Sulekha score: 6.4

We are the loans providers . We are expert into Home loan , Loan against property, OD limit secured, business loan & Personal loan. We are doing loan from PSU banks.

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SHRI BALAJI

Gurgaon, 122001

+918048051903

Loans

Response Time: Within 15 MinsSulekha score: 6.7

Welcome to SHRI BALAJI - a trusted name in the world of finance and loans. Established in 2004 in Shakurpur, our company has been providing exceptional loan services to individuals and businesses of all sizes. Our team of experts specializes in providing a wide range of loans including vehicle, home, business, mortgage, and more. Our services cater to both CIBIL defaulters and those with a credit score above 750. We also provide loans for all types of properties - commercial, residential, and industrial. Our loan amounts range from 11 lakhs to over 1 crore, making us the perfect choice for all your financial needs. Visit us today and let us help you achieve your dreams.

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SB Manpower Solutions

Gurgaon, 122001

4.9/5 Based on 8 Reviews

+918069873732

Loans

Response Time: Within 15 MinsSulekha score: 8.3

Vivek Kumar in Delhi provides a variety of consultancy services, primarily focusing on areas like finance management and corporate solutions. His consultancy offers personalized advice and strategies for businesses looking to optimize their financial operations or expand their market presence. Located in Pitampura, Vivek Kumar’s consultancy has garnered positive reviews for its efficient and reliable services, earning a solid reputation in the local business community. Clients appreciate the comprehensive and tailored approach that ensures their specific needs are met with precision. Whether it's financial planning, legal advice, or business strategy, Vivek Kumar is recognized for his professionalism and commitment to client success

Available Loan Types:

Offering 3 different types of loans

Loan Amount Range:

From ₹1 Lakhs to ₹25 Lakhs and above
Depending on the type of loan

Vivek Sharma from Delhi

"Good service Provider"

Ravi jha from Delhi

"Vivek sr your loan survices are very exilant ??????"

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Why Choose Sulekha?

Sulekha is your go-to platform for finding a wide variety of loan providers catering to diverse financial needs such as personal loans, used car loans, home loans, vehicle loans, car loans, education loans, and more. With Sulekha, you gain access to a comprehensive network of reputable lenders, ensuring you find the perfect match for your specific requirements. The platform simplifies your search process, saving you time and effort by connecting you with trusted professionals who can offer tailored loan solutions. Choose Sulekha for a seamless and efficient loan-seeking experience.

1. When to Consider Taking Out a Used Car Loan?

Affordability and Budget: Ensure the loan's monthly payments fit comfortably within your budget, making sure the total cost, including interest and fees, aligns with your financial situation. Used car loans often have lower monthly payments compared to new car loans, which can be beneficial for budget management.
Interest Rates: Used car loan interest rates can be higher than those for new cars, but they are often competitive if you shop around. Your credit score plays a significant role in determining the interest rate, so maintaining a good credit score is crucial for securing favorable rates.
Depreciation: Used cars depreciate more slowly than new cars, meaning their value does not drop as quickly. This slower depreciation rate can make a used car loan more financially sensible as the car retains more of its value over time.
Loan Term: Choose a loan term that matches the age and expected life of the car. Avoid long-term loans on older cars to prevent paying more in interest than the car is worth, ensuring the loan is financially practical.
Down Payment: A significant down payment can reduce the loan amount, lower monthly payments, and potentially secure a better interest rate. This upfront payment reduces the total cost of the loan and demonstrates financial stability to lenders.
Vehicle Condition: Ensure the car is in good condition and has a clean history report. Financing a reliable used car can save on maintenance and repair costs in the long run, making the investment more worthwhile.
Financial Stability: Have a stable income to cover loan payments and associated costs like insurance, maintenance, and registration. Maintaining an emergency fund is also essential to cover unforeseen expenses without straining your finances.
Alternative Financing Options: Consider other financing options such as personal loans or borrowing from friends and family, which might offer better terms. Comparing different financing methods ensures you choose the most cost-effective and suitable option for your needs.
Lender Reputation: Choose reputable lenders with favorable terms and transparent policies to avoid predatory lending practices. Researching and selecting credible lenders ensures a secure and fair loan process.

2. Eligibility Criteria for Used Car Loan?

Age: Applicants must be between 21 to 60-65 years old, with the upper limit applicable at the time of loan maturity.
Income: Salaried individuals should earn a minimum monthly income of INR 20,000, while self-employed individuals should have an annual income of at least INR 250,000.
Employment Stability: Salaried individuals need 1-2 years of continuous employment, with at least 6 months to 1 year in the current organization. Self-employed individuals should have a minimum of 2-3 years in the same business.
Credit Score: A credit score above 700 is typically required to qualify for favorable interest rates and loan terms.
Residential Stability: Proof of residence showing stability, such as living at the current address for at least 1 year, is needed.
Age of the Vehicle: The vehicle should generally be less than 8-10 years old at the end of the loan tenure.
Down Payment: Applicants must be able to make a down payment, usually around 10-20% of the car's value.
Loan Amount: Banks typically finance 80-90% of the car’s value, with specific minimum and maximum loan amounts varying by lender.
Documentation: Applicants must provide KYC documents (identity, address, and age proof), income proof (salary slips or tax returns), and recent bank statements (usually for the last 6 months).
Vehicle Documentation: Required documents include the car's original registration certificate (RC), insurance policy copy, and sales invoice.

3. What are the Benefits and Advantages of a Used Car Loan?

Lower Purchase Price: Used cars typically cost significantly less than new cars. As a result, the loan amount required is smaller, which can make monthly payments more affordable.
Lower Depreciation: New cars depreciate rapidly within the first few years. With a used car, much of this depreciation has already occurred, so the value of the car is more stable, reducing the risk of being "upside down" on the loan (owing more than the car is worth).
Lower Insurance Costs: Insurance premiums for used cars are generally lower compared to new cars, as the overall value of the car is less.
Easier Loan Approval: Lenders may be more willing to approve a loan for a used car because the loan amount is smaller and the risk is lower. This can be beneficial for borrowers with less-than-perfect credit.
Flexible Loan Terms: Many lenders offer flexible loan terms for used cars, allowing borrowers to choose a repayment period that best suits their financial situation.
Improved Car Quality: With advancements in automotive technology, many used cars are still in excellent condition and have a lot of life left in them. Certified Pre-Owned (CPO) programs also provide additional peace of mind with warranties and thorough inspections.
Potential for Lower Interest Rates: While interest rates on used car loans are typically higher than on new car loans, they can still be competitive, especially if the borrower has a good credit score and shops around for the best deal.
Smaller Down Payment Requirements: Since used cars are less expensive, the required down payment is often smaller, making it easier for buyers to afford.
Wide Range of Options: The used car market offers a wide variety of makes, models, and price points, giving buyers more choices to find a vehicle that fits their needs and budget.
Builds Credit History: Successfully repaying a used car loan can help improve the borrower’s credit score and build a positive credit history, making it easier to obtain future loans.

4. Important Factors to Consider When Taking a Used Car Loan?

Interest Rates: Compare interest rates from different lenders to find the most competitive option and understand whether the rate is fixed or variable to know its impact on your monthly payments and overall loan cost.
Loan Term: Evaluate the loan term length, as longer terms can lower monthly payments but increase total interest paid. Calculate the total loan cost over different terms to understand the financial implications.
Down Payment: A larger down payment reduces the loan amount, leading to lower monthly payments and interest charges. Check if the lender requires a minimum down payment amount.
Credit Score: Your credit score significantly affects the interest rate offered. Higher scores typically secure lower rates, so improving your credit score before applying can lead to better loan terms.
Loan Fees and Charges: Be aware of any processing or administrative fees and check for prepayment penalties. Understanding these fees helps avoid unexpected costs and allows for better financial planning.
Loan Amount: Ensure the loan amount covers the used car's cost after the down payment. Only borrow what you can comfortably afford to repay to maintain financial stability.
Vehicle Condition and Value: Have the car inspected to ensure it’s in good condition and worth the loan amount. Understanding the car's depreciation rate helps avoid owing more than the car's value over time.
Lender Reputation: Choose a reputable lender with good reviews and reliable customer service. Carefully review the loan agreement to avoid hidden charges or unfavorable conditions.
Insurance Requirements: Factor in the cost of comprehensive insurance required by lenders. Consider GAP insurance to cover the difference between the car’s value and loan balance if the car is totaled.
Repayment Flexibility: Ensure the repayment schedule fits your financial situation and look for options allowing flexible payment dates or deferred payments in case of financial hardship.
Resale Value: Consider the car’s resale value, which affects your ability to repay the loan if you decide to sell the car before the loan is fully paid off.
Budgeting: Calculate your monthly budget to ensure you can afford the loan payments alongside other expenses. Maintain an emergency fund to cover unforeseen costs, ensuring consistent loan repayment.

5. Used Car Loan Interest Rates?

Bank Name	Interest Rate (per annum)	Loan Tenure	Processing Fee
State Bank of India	9.75% - 12.25%	Up to 7 years	1% of loan amount, min ₹1,000
HDFC Bank	12.50% - 16.50%	Up to 7 years	Up to 2% of loan amount
ICICI Bank	10.50% - 17.00%	Up to 5 years	₹3,500 - ₹5,500
Axis Bank	13.00% - 16.00%	Up to 5 years	1% of loan amount, min ₹2,500
Kotak Mahindra Bank	14.50% - 16.00%	Up to 5 years	₹2,500 - ₹5,000
Bank of Baroda	8.85% - 11.85%	Up to 7 years	1% of loan amount, min ₹1,500
IDFC First Bank	10.75% - 14.00%	Up to 5 years	1% of loan amount
Federal Bank	11.50% - 14.50%	Up to 5 years	1% of loan amount, min ₹2,500
Punjab National Bank	8.65% - 9.95%	Up to 5 years	1% of loan amount, min ₹1,000
Union Bank of India	9.20% - 11.70%	Up to 5 years	0.5% of loan amount, min ₹500

Please note: Interest rates and fees can vary based on the loan amount, tenure, credit profile of the borrower, and specific bank policies. It is advisable to check with the respective bank for the most accurate and updated information.

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Most Common Questions About Used Car Loans

1. Who are the best Used Car Loan providers in Gurgaon?

Car Dhoondho.Com
A SQUARE FINANCE & REALESTATE
SHRI BALAJI
SB Manpower Solutions

2. What documents are required for a Used Car loan?

For a Used Car loan, you typically need identity proof (Aadhaar, PAN), address proof (utility bill, rent agreement), income proof (salary slips, bank statements), vehicle documents (RC, insurance), and passport-sized photographs.

3. What are the eligibility criteria for a Used Car loan?

The eligibility criteria for a Used Car loan include being aged 21-65, having a stable income source (salaried or self-employed), a minimum CIBIL score of 650, and fulfilling the lender's specific income and employment requirements.

4. How do I apply for a Used Car loan online?

To apply for a Used Car loan online, you can fill out the Sulekha form above with your loan requirements, and connect with the best loan providers that suit your needs. Also you can visit the lender's website, fill out the application form with your personal and financial details, upload the required documents, and submit the form for processing.

5. How can I get an instant Used Car loan?

For an instant Used Car loan, you can approach lenders offering pre-approved loans based on your credit profile, use digital loan marketplaces, or apply through your existing bank for faster processing.

6. What is the percentage rate for Used Car loans?

The interest rate for Used Car loans generally ranges between 8% to 15% per annum, depending on the lender, your credit score, loan amount, and tenure.

7. Can I get a Used Car loan with a low CIBIL score?

Yes, it is possible to get a Used Car loan with a low CIBIL score, but you might face higher interest rates and stricter terms. Some lenders specialize in loans for individuals with low credit scores.

8. What is the processing fee for a Used Car loan?

The processing fee for a Used Car loan typically ranges from 0.5% to 2% of the loan amount, varying by lender and loan amount.

9. Can I get a Used Car loan with a bad credit score?

Yes, you can get a Used Car loan with a bad credit score, but expect higher interest rates and stringent terms. Some lenders offer special loan products for individuals with bad credit.

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Top Second Hand Car Loan Providers in Gurgaon

What type of vehicle loan do you need?

Find the Top Used Car Loan Providers from Sulekha in Gurgaon

Top List of 4 Second Hand Car Loan Providers in Gurgaon. Get a Used Car loan with a low interest rate. Also, get an instant used auto loan, used vehicle financing, used car loan, and more. Find the best second hand car loan service providers n as on Sep 21, 2025

Car Dhoondho.Com

A SQUARE FINANCE & REALESTATE

SHRI BALAJI

SB Manpower Solutions

Recently Connected Loans in Gurgaon

Recent Enquiries for Second Hand Car Loan in Gurgaon

Why Choose Sulekha?

1. When to Consider Taking Out a Used Car Loan?

2. Eligibility Criteria for Used Car Loan?

3. What are the Benefits and Advantages of a Used Car Loan?

4. Important Factors to Consider When Taking a Used Car Loan?

5. Used Car Loan Interest Rates?

Most Common Questions About Used Car Loans

1. Who are the best Used Car Loan providers in Gurgaon?

2. What documents are required for a Used Car loan?

3. What are the eligibility criteria for a Used Car loan?

4. How do I apply for a Used Car loan online?

5. How can I get an instant Used Car loan?

6. What is the percentage rate for Used Car loans?

7. Can I get a Used Car loan with a low CIBIL score?

8. What is the processing fee for a Used Car loan?

9. Can I get a Used Car loan with a bad credit score?

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