Home Pre-Owned Car Loan

Pre-Owned Car Loan

  • Get upto 120% of vehicle's value as loan
  • Flexible tenures of upto 84 months
  • Purchase your car from dealership across 20 cities in India
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Graduate to four wheels

Your dream of owning a car can now become a reality with Capital First's quick & easy finance for Pre-owned cars. Our offerings are available at all Capital First branches in major cities.

We have simple online application

  • Fill application online

    It takes a few minutes to fill our online application form.

  • Walk into your nearest dealership

    Capital First works with most top dealers in your city.

  • Submit your documents

    Our representative at the dealership will collect your documents.

  • Walk out with the product

    You can leave the store with your favourite product right after.

To get approval, you will need
  • Name & Date of Birth
  • Identity Proof
  • Residence Address
  • Office Address
  • Bank Account

Know your eligibility

 

Who is Eligible?

  • Salaried and self employed professionals above the age of 21 years
  • Cars that are upto 10 years old
  • Minimum 1 year of total work/business experience
 

You are in good company

Our customers just love us..

It was difficult to find a lender for purchasing a second hand car. Capital First was indeed very helpful, thank you.

Vishal Sharma
Delhi

I upgraded from my bike to a used car, both loans being from Capital First. I am very happy with my experience

Chirag Sharma
Hyderabad

Amazing loans by Capital First - really happy for helping me with purchasing a pre-owned car.

Asha Rathor
Jaipur

Questions? We are happy to help you

Do I need to visit the Capital First branch to avail a used car loan?

No. You can visit a used car Dealer directly where you can ask for a Capital First representative who will assist you with your loan requirement. Moreover, you can also visit our website/mobile app and get your loan approved by providing us a few details. Apart from this, if you want to know something about our loan offering, you can post your query on our website/app . We will be more than happy to get in touch with you in no time.

Will I have to offer any security/collateral for this loan?

No. We don't ask for any security or collateral. You just need to submit your KYC documents and bank details to get your loan approved. The vehicle will be hypothecated in the name of Capital First until the loan is repaid.

How long will it take to process my loan application?

Once we receive the required details from you, we take only 5 minutes to process your loan application for approval.

Will I be charged a floating or a fixed rate of interest?

You will be charged a fixed rate of interest ensuring a well-planned loan repayment program for you.

How much finance can I avail of?

You can borrow up to 90% of valuation of the vehicle (subject to conditions).

What are the tenure options?

We offer multiple options in tenure ranging from 11 months to 84 months (subject to conditions).

Do I have the option of pre-paying the entire bike loan amount? Can I do it online?

Yes. You can very easily pre-pay your loan on our website/app or by visiting our branch, anytime you wish.

How can I get my Statement of Account?

You can download it from our website/app or you can visit our branch to receive it. Moreover, you can also receive it on your registered e-mail address by calling our customer care on 1800-103-2791 or writing to us at customer.care@capitalfirst.com

What will be the down payment/Margin Money?

Down payment is a small initial amount that you will need to pay at vehicle dealership. It's the difference between valuation amount and loan amount sanctioned to you.

How can I pay my overdue EMI? Can I pay online?

You can very easily pay your overdue EMI on our website/app or by visiting our branch, anytime you wish. Moreover, you can also contact our customer care if you want our representative to visit you and collect the amount.

Can I get a used car loan without proof of income?

Yes , you can get a loan even without an income proof (subject to conditions). Please post your query on our website/app or visit our branch for detailed information on this. Moreover, you can also call our customer care on 1800-103-2791 or write to us at customer.care@capitalfirst.com.

What all charges are applicable on this loan?

To ensure giving you a smooth experience, we charge only processing fees , document charges and the applicable stamp duty. You can get all the information in detail from our representative present at the vehicle Dealership even before applying for a loan.

Can I buy vehicle/ life insurance along with the loan?

Yes , you can buy both kinds of insurance policies while availing a loan with Capital First. We will actually be happy to make best policies available for you to buy and fund your premium amount along with your loan amount so that you can repay the same gradually via your loan EMI's.

How will I get my NOC?

Post completion of your loan repayment, we will close your loan and send a physical copy of NOC to your registered address. Moreover, you can also call our customer care on 1800-103-2791 or write to us at customer.care@capitalfirst.com or visit our branch asking for the same.

How to release Hypothecation on my bike after I repay my loan completely?

You can submit the NOC issued by us to your local RTO and get the hypothecation released from your vehicle.

When do I become eligible to get an NOC? How can I receive it?

You can get a NOC once you pay the complete loan amount along with any dues and charges as applicable.