Fast Approval | Up To 100% Funding | Compare Multiple Banks

Planning To Buy A Used Car Or Refinance Your Existing Loan?

In Kerala, Option Credits Services Pvt Ltd Will Assist You In Locating The Best Second-Hand Car Finance In Kerala From Top Banks & NBFCs. Their Mission Is Simple — Provide You With Less Time Spent Looking For Various Options, Provide You With Clear & Concise Information On Available Loans, And Provide You With Faster Loan Decisions Than Would Be Available Elsewhere!

  • Funding Up To 85%–100% Funding (Select Profiles Only, Subject To Bank Policy)
  • Loan Amount Up To ₹1 Crore(Based On Profile & Lender Program)
  • Simple And Quick Approval Process
  • Compare Offers From Different Banks
  • Service Available Across Kerala
Used Car Loan
15,000+
Loans Approved

Why Choose Option

We Help You Make The Best Decision For Your Used Car Loans.

Multi Bank Comparison

We Compare Interest Rates, Funding Limits, And EMI Options Across Banks And NBFCs To Find What Suits Your Profile.

Higher LTV Option

Funding Up To 85%–100% Based On Your CIBIL Score, Income, And Vehicle Details.

Low CIBIL Assistance

CIBIL Around 650? We Can Still Explore Possible Options, Subject To Bank Policies.

Fast Processing & Disbursal

We Follow Up With The Bank To Help Avoid Unnecessary Delays.

Top Up Facility

Need Extra Funds On Your Existing Used Car Loan? A Top-Up Can Be Checked Based On Eligibility.

Competitive Interest Rates

Compare Multiple Offers And Choose What Works Best For You.

Eligibility

We help you check which bank or NBFC may suit your profile.

Basic Requirements

  • Age: 21 To 60 Years
  • CIBIL Score: 700+ Preferred
  • Vehicle Age: Up To 15 Years
  • Job Type: Salaried Or Self-Employed

Profiles That May Be Considered

  • 3rd & 4th Ownership Vehicles (Case-Based)
  • Interstate Vehicle Funding
  • Agricultural Or Rental Income
  • Special Bank Programs
Get Started →

Loan Types Under Used Car Loan

Flexible options based on your requirement.

Used Car Purchase Loan

Finance Your Used Car With Affordable EMIs.

Enquire Now →

Refinance

Unlock Funds On Your Existing Vehicle.

Enquire Now →

Balance Transfer

Shift Your Current Loan For Better Terms.

Enquire Now →

Top-Up Loan

Get Additional Funds On Your Running Loan.

Enquire Now →

Repurchase Scheme

Upgrade Or Resell And Finance Another Used Car.

Enquire Now →

Documents Required

Documents may vary based on lender and profile

For Salaried Applicants:

  • PAN Card
  • Aadhaar Card
  • Last 3 Months Salary Slips
  • Last 6 Months Bank Statement

For Self Employed

  • Pan Card
  • Aadhaar Card
  • ITR (1–2 years)
  • Last 6 Months Bank Statement

Self-Employed (Without Income Proof)

  • PAN Card
  • Aadhaar Card
  • KSEB Bill / Land Tax receipt
  • Last 6 months’ bank statement

Feel Free To Use Our EMI Calculator

Monthly Payment (EMI)
₹12,674
Total Interest
₹1,08,362
Total Amount
₹6,08,362
Used Car Loan

Eligibility Checker

Used Car Loan FAQ Section

We help you arrange used car loans from multiple banks and NBFCs across Kerala. Our team compares offers, checks eligibility, and suggests the most suitable option based on your profile—so you save time and get better loan terms.

A higher CIBIL score (700+) increases approval chances and helps get better interest rates. However, even if your score is around 650 or slightly lower, we can still check options with selected lenders.

Loan amount depends on: Your income and repayment capacity Vehicle value and age Credit score Generally: Up to ₹10 Crore (high-value cases) 80%–100% of vehicle value (based on profile)

Interest rates typically range between: 10 % to 18% per annum It depends on: CIBIL score, Income profile, Loan amount ,Vehicle age. We help you compare and choose the best available rate.

Up to 5 to 7 years (60–84 months) Depends on vehicle age and lender policy Older vehicles may get shorter tenure.

Yes, in some cases: High CIBIL + strong income Selected lenders & schemes Otherwise, most loans cover 80%–90% of car value.

For Salaried: Aadhaar / PAN, Address proof, Last 3 months salary slip, Bank statement (3–6 months). For Self-Employed: Aadhaar / PAN, Business proof, ITR (2 years). Bank statement (6–12 months) Vehicle Documents: RC copy, Insurance copy

Yes , Many lenders provide funding even for 3rd and 4th ownership vehicles, subject to valuation and condition.

Yes. You can: Transfer your existing car loan Get Top-up loan along with transfer This helps reduce EMI or get extra funds.

In many cases: Insurance can be included Some lenders allow on-road funding But it depends on lender policy and your eligibility.

Instant approval up to certain limits (Up to ₹15L) Full process: Same day to 2 days (in most cases)

Not always. Some lenders offer: No income proof loans (NIP) for small ticket sizes Based on banking or profile

Yes, but it depends on your FOIR (Fixed Obligation to Income Ratio). We calculate your eligibility and suggest the best option.

Yes. Most lenders allow: Part payment, Foreclosure Charges may apply based on lender terms.

Multi-bank comparison, Faster approval process, Higher funding options, Support for low CIBIL cases, End-to-end assistance (Login → Approval → Disbursement)

Get Your Used Car Loan Today

Our financial advisors are ready to help you find the perfect loan solution. No obligation, completely free consultation.

Contact Us →

Compliance Disclaimer: Option Credits Services Pvt Ltd is a loan and financial product facilitation company and not a bank or lending institution. Loan approvals, interest rates, funding limits, credit card approvals, and terms are subject to respective bank/NBFC policies and RBI guidelines.