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    Upgrade your drive with our easy Used Car Loans

    • Loan approval in just 4 hours
    • Up to 95% funding
    • Apply without Income Proof
    • Flexible Repayment
    Apply Now

    Used Car Loan Eligibility Criteria

    Here’s how you can ensure your pre-owned car loan eligibility. Check the following criteria and soon bring home a second-hand car.

    Documents Required for a Used Car Loan

    Once you are sure about your loan eligibility, proceed and check this list of required documents.

    Factors Affecting Used Car Loan Eligibility

    Factors that may affect your Used Car Loan eligibility are

    Age

    You must be 21 years or older. Alternatively, you can continue the process with a guarantor.

    Income Stability

    You must have at least 6 months of experience with the current company to prove your income stability.

    Credit Score

    A credit score of more than 750 enhances the possibility of instant Used Car Loan approval.

    Existing Debt Status

    Your current debt status plays an important role in ensuring your eligibility

    Frequently Asked Questions

    • Age: Your age should be at least 21 years. Or else, you can proceed with a guarantor. 
    • Income Stability: At least 6 months of work experience with the current organisation.
    • Credit Score: A credit score of more than 750 increases the possibility of loan approval.
    • Existing Debt Status: Your current debt status is a deciding factor in ensuring your eligibility.

    If you are 21 years and above, then you’ll be eligible to get a Used Car Loan. Alternatively, you can continue the loan process with a guarantor.

    At TVS Credit, we provide Used Car Loan approvals in just 4 hours post document submission.

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