Used Car Loan Eligibility – Rohini Financial Services
Before applying for a Used Car Loan, it’s important to know whether you meet the basic eligibility criteria.
At Rohini Financial Services, we ensure that both salaried and self-employed individuals can easily qualify for a Used Car Loan with minimal requirements and flexible terms.
🚗 Who Can Apply for a Used Car Loan?
Our Used Car Loan is available for:
Salaried individuals working in private or government organizations.
Self-employed professionals such as doctors, consultants, and freelancers.
Business owners or traders with a stable source of income.
Partnership firms, LLPs, and private limited companies.
📋 Eligibility Criteria
| Criteria | Salaried Individuals | Self-Employed / Business Owners |
|---|---|---|
| Age Limit | 21 – 60 years | 25 – 65 years |
| Minimum Income | ₹20,000 per month | ₹2,50,000 per annum |
| Employment Stability | Minimum 1 year in current job | Minimum 2 years in business |
| Credit Score | 700 and above preferred | 700 and above preferred |
| Loan Amount | Up to 80–90% of car’s resale value | Up to 80–85% of car’s resale value |
| Nationality | Indian Resident | Indian Resident |
💡 Factors That Influence Eligibility
Credit History – A strong credit score improves your loan approval chances.
Income Stability – Regular income assures repayment ability.
Existing Liabilities – Fewer active loans increase your eligibility.
Car Age and Condition – Newer vehicles have higher resale and funding value.
Down Payment – A higher down payment enhances approval and reduces EMI.
📄 Documents Required for Eligibility Verification
Aadhaar Card / PAN Card / Address Proof
Salary Slips or Income Tax Returns (last 2 years)
Bank Statements (last 6 months)
Car valuation report or ownership documents
✅ Check Your Eligibility Instantly
Use our Used Car Loan Eligibility Checker or EMI Calculator to find out how much loan amount you qualify for in just a few seconds.
🚘 Apply Now for a Used Car Loan
Once you meet the eligibility requirements, applying is quick and simple!
Enjoy low interest rates, flexible repayment options, and quick approvals with Rohini Financial Services.
📞 Call Now or 💻 Apply Online to start your loan journey today!