Used Car Loan Interest Rate and Charges – Rohini Financial Services
At Rohini Financial Services, we offer affordable and transparent Used Car Loan interest rates designed to suit every customer’s budget.
Whether you’re purchasing a pre-owned hatchback, sedan, SUV, or luxury car — our flexible interest rates and minimal charges make it easy to own your dream vehicle.
🚗 Used Car Loan Interest Rates
| Loan Type | Interest Rate (Per Annum) | Tenure | Loan Amount |
|---|---|---|---|
| Used Car Loan | 10.50% – 14.00% p.a. | Up to 5 years | Up to 80–90% of the car’s resale value |
Note: The interest rate may vary based on applicant profile, credit score, income stability, and car condition.
💰 Other Applicable Charges
| Charge Type | Details |
|---|---|
| Processing Fee | 1% – 2% of loan amount (non-refundable) |
| Foreclosure / Prepayment Charges | 3% – 5% of outstanding principal (if prepaid before lock-in period) |
| Late Payment Fee | 2% per month on overdue EMI |
| Stamp Duty & Documentation | As per state government regulations |
| Loan Cancellation Fee | ₹1,000 – ₹2,000 (if applicable) |
| Part-Payment Charges | Up to 2% of prepaid amount (may vary by lender) |
⚙️ Factors Affecting Used Car Loan Interest Rate
Credit Score – Higher scores (700+) often qualify for better rates.
Car Age and Condition – Newer cars attract lower interest rates.
Loan Tenure – Shorter tenures may reduce total interest cost.
Applicant Income – Steady income and repayment capacity improve terms.
Down Payment – A higher down payment can lower your interest rate and EMI.
🌟 Why Choose Rohini Financial Services?
Competitive Interest Rates customized for every applicant.
Transparent Process with no hidden costs or surprises.
Flexible Tenure Options to suit your repayment comfort.
Fast Loan Processing & Quick Disbursal.
Dedicated Support from loan application to approval.
✅ Apply for a Used Car Loan Today
Enjoy the joy of car ownership without financial stress.
With Rohini Financial Services, you get low interest rates, simple documentation, and quick approvals for your Used Car Loan.
📞 Call Now or 💻 Apply Online to check your personalized loan offer today!