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About us

Who We Are

At LOANCUBES, we are driven by a single mission: to help you drive your dream car. We understand that owning a car is more than just a mode of transportation; it’s a symbol of freedom, independence, and the journey of life. Our commitment is to make this dream accessible to everyone by offering tailored car loan solutions that fit your unique needs.

  • Minimum Documentation
    We Required Minimum Documentation
  • Easy Application Process
    We Provide very Easy Application Process
  • Strong Customer-Service
    Strong Customer-Service Support that helps you solve your concerns & queries.
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STEPS TO APPLY FOR ONLINE CAR LOAN

At LOANCUBES, we are driven by a single mission: to help you drive your dream car. We understand that owning a car is more than just a mode of transportation; it’s a symbol of freedom, independence, and the journey of life. Our commitment is to make this dream accessible to everyone by offering tailored Used car loan solutions that fit your unique needs.

Eligibility

Check your eligibility and fill in the Used Car Loan Application Form

Compare

Compare various Used Car Loan options, and apply for the best option

E-approval

After successful submission of the application get an instant e-approval

Documents
Eligibility

What documents are required to apply for a Used Car Loan?

Below mentioned are the common documents which are required for applying online for Used Car Loan:

USED CAR LOAN AVAILABLE UPTO 200% of YOUR CAR VALUE
(Even if your car is already Financed)

Identity Proof : PAN CARD/ AADHAR CARD/VOTER ID/PASSPORT/DRIVING LICENSE

Address Proof : AADHAR CARD/ ELECTRICITY BILL/ UTILITY BILL/ PASSPORT/ DRIVING LICENSE

Banking : Latest six months Bank statement

Income Proof : Income Tax Returns for latest 2 years

Am I eligible for Used Car Loan?

In order to find out if you meet our Used Car Loan Eligibility, you have to fulfill few conditions after which we will process your loan application:
  • 1) One must be Salaried or a Self-employed professional over the age of 21 years
  • 2) Maximum age at the time of loan maturity should not be more than 65 years.
  • 3) Must be a salaried individual, self-employed person, a proprietorship or partnership firm, a public sector undertaking, a private company, person currently employed in the agriculture sector or dependent industries.
  • 4) Two years’ work experience with minimum 6 months with current employer.
  • 5) In order to qualify for an old car loan, and if the applicant is a salaried individual, the net annual income of the said applicant and/or co-applicant together should not be lesser than Rs.3,00,000.
  • 6) If the applicant is a self-employed individual, proprietorship or partnership firm, then the net profit or total taxable income of said applicant and/or co-applicant together should not be lesser than Rs.4,00,000* per annum.
  • 7) If the applicant is an agriculturist, the net annual income of the said applicant and/or co-applicant together should not be lesser than Rs.4, 00,000 per annum.
  • 8) The car you want to buy should be not older than 10 years.

Loan Emi Calculator

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Apply Today!

Compare India's one of the largest used car loan companies, offering tailor-made solutions to fulfill all your requirements on a single platform. We have successful tie-ups with leading financial institutions and leading banks online providing used car loans.

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Qustion and Answer

Most common and important FAQs

1 What is Used Car Loan?

Used Car Loan is a smart, value-for-money purchase. This loan can be availed for a wide collection of cars. Apply for used car loan online to avail flexible EMI repayment options, and quick disbursal of loans.

2 Can I get a loan to purchase a used car?

Yes, car loan is offered for pre-used cars. But, the interest rate for such a loan would differ from that of a new car. However, the loan would only cover the price of the car itself, other costs as transfer of registration, etc.

3 What collateral do I need to take a used car loan?

A used car loan is a secured loan where you keep your car or any asset that you own as collateral. Therefore, there is no additional collateral requirement apart from this. However, you need to get the RC (registration certificate) of the car endorsed with the bank. This endorsement is cancelled after the repayment of the loan is completed.

4 What maximum loan amount I can avail through a car loan?

The maximum loan amount approved may vary from one bank to another. Usually, banks approve loan amounts that range from 80%–90% of the on-road price of the car.