When can I avail a used car loan?
You can take a used car loan once you decide which model you want to buy.
Do I have to pay a down payment for the car?
You can avail a used car loan without paying any down payment.
Is my car kept as a collateral till I repay the loan?
No. We do not keep your car as a collateral with us. You have the complete ownership.
Do I get a 100% finance for the car?
Yes. We provide you with 100% funding of the ex-showroom price of your car and if you wish you can take car loan of higher amount to make any desired upgradations or for the insurance premium.
Is my car insurance included in the loan?
No. We do not include the insurance amount. But you can take the loan for a higher amount and incur the cost of your car insurance.
Do I get tax benefits on my Used Car loan?
No. There are no tax benefits on Used Car Loans.
Can I sell my car before repayment?
There is no such condition from our end.
What are the different types of documents required for a New Car Loan or Used Car Loan?
Indiabulls Dhani does not require you to submit any hard copies of documents. The process is paperless. You only need to fill in your PAN and address proof details.
Does my information remain secure?
Yes, the information you feed remains safe. We have a secure system in place which keeps all your data away from any harm. We do not share your data with any third party.
Where can I download the Mobile application for the Loan?
You can download the application from Google Play Store or Apple App Store.
What is a used car loan EMI Calculator?
Plan your expenses by estimating the amount of EMI that you will be paying at the end of each month for your used car loan. An EMI Calculator helps you get an approximate amount of the same.
When will I get the amount disbursed into my account?
At Indiabulls Dhani you get instant used car loan approval, thus the amount is disbursed into your bank account in minutes.
What are the different tenure options?
The tenure options range from 3 months to 36 months.
Are there any prepayment charges?
If you wish to repay your second hand car loan before the tenure, that is known as prepayment. Many banks and lenders charge a prepayment fee. Indiabulls Dhani does not charge you any prepayment fee.
How can I be eligible to avail a Used Car Loan?
To avail a used car loan from Indiabulls Dhani, you need to be an Indian resident aged 21 years and above. You should be a salaried professional or self-employed entrepreneur.
Is there a minimum and maximum loan amount?
Indiabulls Dhani offers Used Car loans ranging from ₹ 1000 to ₹ 15 Lakhs.