{"id":19936,"date":"2023-08-29T02:46:37","date_gmt":"2023-08-29T02:46:37","guid":{"rendered":"https:\/\/tata-blog.osian.dev\/blog\/?p=15784"},"modified":"2024-05-03T15:42:47","modified_gmt":"2024-05-03T10:12:47","slug":"what-is-the-eligibility-criteria-to-get-a-used-car-loan-in-delhi","status":"publish","type":"post","link":"https:\/\/tata-blog.osian.dev\/blog\/loan-for-vehicle\/what-is-the-eligibility-criteria-to-get-a-used-car-loan-in-delhi\/","title":{"rendered":"What Is the Eligibility Criteria To Get A Used Car Loan In Delhi"},"content":{"rendered":"\n<p>Being a Delhiite comes with its fair share of bonuses, one of them being that you\u2019ll never run out of places to be or things to do. However, the capital city also happens to be the most densely populated city in India, which means travelling can be a huge hassle. That\u2019s why it\u2019s recommended to have your own car, as you can move around comfortably instead of waiting endlessly for the over-crowded public transport to show up.<\/p>\n\n\n\n<p>However, purchasing a car can be an expensive affair. But a used car, on the other hand, won\u2019t burn a hole in your savings. Therefore, it\u2019s much more economical to go for a second-hand vehicle rather than a new one.<\/p>\n\n\n\n<p>Even though used cars are usually less expensive, the price tag could still be hefty. But fret not! Tata Capital provides hassle-free and affordable used car loans in Delhi you can opt for to bring your dream car home.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What are the eligibility criteria to get a second-hand car loan in Delhi?<\/strong><\/h2>\n\n\n\n<p>Though the basic guidelines may vary between lenders, some conditions remain the same. Tata Capital&#8217;s criteria for include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You must be in the age bracket of 21-65 years<\/li>\n\n\n\n<li>You must be earning at least Rs. 20,000 per month<\/li>\n\n\n\n<li>If you&#8217;re self-employed, you must have an income of at least Rs. 2,00,000 per annum<\/li>\n\n\n\n<li>You must have at least one year of work experience<\/li>\n\n\n\n<li>You must have a stable business status of at least three years<\/li>\n<\/ul>\n\n\n\n<p style=\"color:red\"><strong>Additional Read:<\/strong> <a href=\"https:\/\/tata-blog.osian.dev\/blog\/loan-for-vehicle\/tips-to-make-used-car-loan-application-process-easy\/\">Tips to make used car loan application process easy<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How to get used car finance in Delhi<\/strong><\/h2>\n\n\n\n<p>Getting a <a href=\"https:\/\/tata-blog.osian.dev\/vehicle-loan\/used-car-loan.html\">used car loan<\/a> is easier said than done. The process entails load of planning and research on your part as a customer. You\u2019ll have to shop around a lot, compare repayment terms, and find out what works best for you.<\/p>\n\n\n\n<p>That\u2019s why it\u2019s wise to compare used car loan interest rates, available repayment options, and tenures offered by a lender before coming to a decision. Moreover, make sure that your credit score is also adequate before reaching out to your preferred lender. Applying with a low credit score can delay your loan approval. Also, ensure that you meet the eligibility criteria before filling the application form.<\/p>\n\n\n\n<p style=\"color:red\"><strong>Additional Read:<\/strong> <a href=\"https:\/\/tata-blog.osian.dev\/blog\/loan-for-vehicle\/5-reasons-which-may-be-the-reason-of-your-used-car-loan-rejection-and-how-to-fix-it\/\">5 Reasons Which May Be the Reason of Your Used Car Loan Rejection and How to Fix It<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Wrapping up<\/strong><\/h3>\n\n\n\n<p>Once you\u2019ve made sure that you meet the eligibility criteria, you can file the loan application. While applying, you\u2019ll also have to submit the relevant documents along with the application form. Once your loan application is approved, and the loan is sanctioned, you can visit your desired car dealership and bring your dream car home.<\/p>\n\n\n\n<p>If you\u2019re looking for a second-hand car loan, you\u2019re in the right place! At Tata Capital, we make the process of applying for a second-hand car loan hassle-free. Along with that, we offer flexible tenures, attractive interest rates, and customisable repayment options. <\/p>\n\n\n\n<p>Know how your EMI repayment schedule will look like by using our <a href=\"https:\/\/tata-blog.osian.dev\/vehicle-loan\/used-car-loan\/emi-calculator.html\">used car loan EMI calculator<\/a> here.<\/p>\n\n\n\n<div class=\"wp-block-group alignwide\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-columns alignwide is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background wp-element-button\" href=\"https:\/\/tata-blog.osian.dev\/vehicle-loan\/used-car-loan\/apply-now-used-car-loan.html\">Apply Now<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Being a Delhiite comes with its fair share of bonuses, one of them being that you\u2019ll never run out of places to be or things to do. <\/p>\n<p><a href=\"https:\/\/tata-blog.osian.dev\/blog\/vehicle-loan\/what-is-the-eligibility-criteria-to-get-a-used-car-loan-in-delhi\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":20152,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[27],"tags":[],"class_list":["post-19936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan-for-vehicle"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Eligibility Criteria To Get A Used Car Loan In Delhi - Tata Capital Blog<\/title>\n<meta name=\"description\" content=\"Looking for a used car in Delhi? Find out the eligibility criteria for a used car loan in Delhi and have a car you wished for. Get all the information here!\" \/>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eligibility Criteria To Get A Used Car Loan In Delhi - Tata Capital Blog\" \/>\n<meta property=\"og:description\" content=\"Looking for a used car in Delhi? Find out the eligibility criteria for a used car loan in Delhi and have a car you wished for. Get all the information here!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tatacapital.com\/blog\/loan-for-vehicle\/what-is-the-eligibility-criteria-to-get-a-used-car-loan-in-delhi\/\" \/>\n<meta property=\"og:site_name\" content=\"TATA Capital Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-29T02:46:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-03T10:12:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tatacapital.com\/blog\/wp-content\/uploads\/2021\/06\/7-used-car-loan-in-delhi.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tata Capital\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tata Capital\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/loan-for-vehicle\/what-is-the-eligibility-criteria-to-get-a-used-car-loan-in-delhi\/\",\"url\":\"https:\/\/www.tatacapital.com\/blog\/loan-for-vehicle\/what-is-the-eligibility-criteria-to-get-a-used-car-loan-in-delhi\/\",\"name\":\"Eligibility Criteria To Get A Used Car Loan In Delhi - Tata Capital Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\"},\"datePublished\":\"2023-08-29T02:46:37+00:00\",\"dateModified\":\"2024-05-03T10:12:47+00:00\",\"author\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a\"},\"description\":\"Looking for a used car in Delhi? 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