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🏠 Home
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Loan Amount: ₹
100000
Interest Rate:
6
%
Loan Tenure:
12
Months
Months
Years
Monthly EMI:
0
Principal Amount:
0
Interest Payable:
0
Total Amount payable: ₹
0
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FAQ’s
FAQs on Used Car Loans
What's a used car loan?
It's money you borrow to buy a used car and then repay in installments.
How does a used car loan work?
You get the loan, buy the car, and then pay back the loan with interest over time.
What's the loan term?
It's how long you have to repay the loan, often a few years.
Can I get a used car loan for any car?
Generally, yes, but lenders might have rules about car age and condition.
What's a down payment?
It's a part of the car's cost you pay upfront, and the rest is covered by the loan.
Do I need a good credit score?
A good score helps, but some lenders might work with lower scores too.
What's the difference between a new and used car loan?
Used car loans are for pre-owned cars, while new car loans are for brand-new cars.
Can I pay off the loan early?
Yes, you can usually pay it off sooner, but check if there are any extra fees.