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Used Car Finance

Owning a used car can be a simple, easy and reliable experience with KMPL Used Car Finance. We offer up to 90% funding of the car value.*

You may also avail finance against your existing car.

  • Pre-approved loan*

    Low ticket size loans Read More

  • Preferred segment loan

    Loan amount between Rs. 1.5 - Read More

  • Approve you own loan*

    For salaried employee Read More

  • Take over of your existing car loan and generate cash*

    It'€™s a loan take over from the bank where the foreclosure amount is lesser than what KMPL actually funds on the asset. That's how you generate cash and you can get more than 100% finance.*

Refinance

  • Cash against your car*

    Avail this loan by pledging your existing car which is free from any loan / hypothecation.

Eligibility

Salaried Individuals

  • All Indian residents
  • Minimum age of Applicant: 21 years
  • Maximum age of Applicant at loan maturity: 60 years
  • Minimum Income of Rs 15000 per month

Self Employed

  • Minimum age of Applicant: 21 years
  • Maximum age of Applicant at loan maturity: 65 years
  • Minimum employment: At least 1 year in business

Document

Documents Salaried Concerns Self Employed Firm Proprietary Partnership Companies
KMPL App. Form duly filled by you Y Y Y Y Y
Latest Salary Slip showing statutory deductions Y - - - -
Form 16 / IT Returns Y - - - -
Proof of Residence (copy of electricity/ telephone bill) Y Y Y Y Y
Signature Y Y Y Y Y
Verification from your Banker / Voters ID / IT PAN card / IT Return / Driving License/ Passport
P&L A/C and B/S for the last 2 years certified by CA - Y Y Y Y
Copies of Income Tax Returns for the last two years - Y Y Y Y
Partnership Deed / Trust Deed - - - Y -
Letter of Authority - - - Y -
MOA and Board Resolution authorising one director to execute the agreement. - - - - Y
 
Photograph (one signed by the customer) Y Y Y - -
RC copy Y Y Y Y Y
Insurance Copy Y Y Y Y Y
Valuation form from our authorized valuation agency Y Y Y Y Y

Apply Now

  • Call Us

    1800 419 0090

Leave us your contact details

FAQ's Expand All

Can I generate cash against my existing car?

KMPL allows cash generation by taking over your existing loan or giving loan against your lien free car. - You should own a car with a clear title in your favour. - The vehicle can be free of lien or on loan with select financiers. - We mark our lien on the car and give money against your car. - We take over your existing loan and also top up your loan based on your track record.*

What is the time taken to process my loan?

KMPL can give you financing in up to 72 hours upon completing documentation

Which cars can be financed?

KMPL finances all existing passenger cars

Up to what amount does KMPL finance?

KMPL finances up to 90% of the car value

What is the tenure of financing options?

At KMPL, we give you financing option from a minimum of 12 months and up to 60 months

Pre-approved loan*

Low ticket size loans

  • Loan amount up to Rs. 1.5 Lacs
  • Minimum documentation*
Preferred segment loan
  • Loan amount between Rs. 1.5 -€“ Rs. 15 Lacs.*
  • Hassle-free processing
  • Funding up to 90% with maximum tenure of 60 months*
Approve you own loan*

For salaried employee

  • Monthly Installments Upto 40% of net salary*
  • Loan amount equals up to 2 times of your annual salary*
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