Old Vehicle Loan

An Old Vehicle Loan helps individuals and businesses purchase a pre-owned two-wheeler, car or commercial vehicle. The loan amount is sanctioned based on the vehicle's market value, condition, manufacturing year and the applicant's eligibility.

PraFintech assists you throughout the loan process, from document verification and vehicle assessment to submission with the appropriate lending partner.

Loan Features

Vehicle Types: Finance available for Two-Wheeler, Car and Commercial Vehicles.
Multiple Fuel Types: Petrol, Diesel, CNG and EV vehicles are eligible.
Individual & Dealer Purchase: Vehicle can be purchased from an Individual or Dealer.
Flexible Tenure: Loan tenure depends on applicant profile and vehicle eligibility.
Vehicle Verification: Registration, Insurance and PUC documents are verified before approval.
End-to-End Assistance: Complete support from application to loan disbursement.

Eligible Vehicle Categories

Category	Eligible Options
Vehicle Type	Two-Wheeler, Car, Commercial Vehicle.
Fuel Type	Petrol, Diesel, CNG and Electric (EV).
Ownership	First Owner, Second Owner or Third Owner vehicles.
Seller Type	Individual Seller or Authorized Dealer.
Vehicle Verification	Registration, Chassis Number, Engine Number, Insurance and PUC details.

Required Documents

For Salaried Applicants

Aadhaar Card
PAN Card
Salary Slips (Last 6 Months)
Bank Statement (Last 6 Months)
Employee ID Card
Form 16 (If Available)
Passport Size Photograph
RC / Owner Book
Vehicle Insurance Copy
Valid Pollution (PUC) Certificate

For Business Applicants

Aadhaar Card
PAN Card
Bank Statement / Bank Transaction (Last 6 Months)
GST Registration / Returns (Up to 1 Year)
ITR (Up to 3 Years)
Passport Size Photograph
RC / Owner Book
Vehicle Insurance Copy
Valid Pollution (PUC) Certificate

Note: Additional documents may be required depending on the applicant profile, vehicle condition, lender policy and loan eligibility.

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