Pre-owned Car Loan offerings by Piramal Capital & Housing Finance Ltd. (Piramal Finance)
Key Features
Age Requirement

Salaried: 21-60 Years
Non-Salaried: 23-65 Years

Minimum Net Income

Salaried: 2,00,000
Non-Salaried: 2,50,000

Loan Amount For

Salaried & Self-Employed

For detailed fees and charges Click here *T&C apply
Our Available Facilities
Loan For Car
Our pre-owned car loan will provide the necessary funds to grab the car you wish to buy
Loan Against Car
In tough times, seek a loan against your owned car for financial support and get funds in no time with Piramal Finance.
Balance Transfer And Top Up
Those who need some extra funds from existing loans can avail of our top-up loan facility, with lower interest rate.

Who Can Apply?

The eligibility criteria mainly depends on your employment. Choose the employment type and check your eligibility.

Calculate EMI & Check eligibility
  • EMI Calculator
  • Eligibility Calculator
Your home loan EMI is
Principal amount
Interest amount

Eligibility Criteria

For SalariedFor Self-Employed
Must be an Indian ResidentMust be an Indian Resident
Loan applicable only for personal usageLoan applicable only for personal usage
Age Requirement: 21-60 yearsAge Requirement: 23-65 years
Minimum Net Income: ₹2,00,000 per annum Minimum Net Income: ₹2,50,000 per annum
Car should not have had more than two previous ownersCar should not have had more than two previous owners
Car should not be more than 12 yrs old at the end of loan tenureCar should not be more than 12 yrs old at the end of loan tenure
Maximum Loan Amount: ₹15,00,000 Maximum Loan Amount: ₹15,00,000

Documents Required For: Loan For Car

Documents For Salaried For Self-Employed
KYC Proof
Bank statement & Salary slip
ITR (2 years) and computation of Income (including other income sources)
ITR (2 years) and computation of Income OR CA certified / Provisional CA certified / Audited P/L statement and B/S (PAT)
Business Proof - Shop & Establishment Registration/GST Certificate/ Municipal Corporation Tax Form26AS or Udyam Aadhaar Registration

Documents Required For: Loan Against Car

For Salaried & Self employed
Passport Size Photograph
KYC Proof
Additional Address Proof, wherever required
Income & Banking Document (Salary Slip)
RC Copy
Insurance Copy
Vehicle Valuation Report

Balance Transfer / Top-Up Loan

For Salaried & Self employed
POA (Proof of Address)
POI (Proof of Identity)
Bank Statement
6 Month Bank Statement
RC copy
Financer/Loan Details for BT
Any other document, as per Loan against car product
Advantages Of Pre-owned Car Loan
Instant Sanction
Get up to 90% of the applied loan amount sanctioned instantly
Same Day Disbursal
Once approved, we consume no further time to disburse the loan amount
Paperless Process
100% digitized loan application procedure from the comfort of your home
Minimum Documentation
No unnecessary documentation required. Few essential ones will serve the purpose.
Frequently Asked Questions
What is a Pre-owned Car Loan?
piramal faqs

How can I get a Pre-owned Car Loan without any hassle?
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What are the benefits of choosing a Pre-owned Car Loan?
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Do I have to make a down payment when availing a Pre-owned Car Loan?
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How long will it take for a Pre-owned Car Loan to process?
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