Rainbow Capital Solutions

Used Car Loan

Get up to 90% loan on your used car purchase.

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Interest Rates

Compare rates from multiple lenders, make an informed decision andsave money on your car loan with the right rate.

Bank Name Interest Rate
Poonawala Finance
10% - 16%
HDFC Bank
12.5% - 14%
ICICI Bank
11% - 15%
Axis Bank
14% - 16%
Tata Capital
10.50% - 15%
Kotak Mahindra Bank
13.5% - 20%
Bajaj Finance
14.50%
Hero Fincorp
16% - 16.5%
Kofta Finance
18%
AU FInance
18%
Mahindra Finance
20%

Used Car Loan Eligibility

Understand the requirements and Maximise your chances ofgetting approved for a used car loan.

Salaried Individuals

Self-Employed Individuals

Documents Required

These are the basic documents required to get you started.

Documents Required Salaried Business
Aadhar card
PAN Card
Registration Certificate of the car
GST Certificate/Udhyam Registeration certificate/Shop Act
Account statement (latest 6 months)
Latest electricity bill
Passport size photo
Last 2 years ITR as proof of income
Salary Slip (latest 3 months)
Latest 2 years form 16