Used Car Loan
19++ Years of
Business Experience
Business Experience
Second Auto Loan
For business or personal use, SSM Associates enables you to raise quick funds against your car’s current value. Car Loan is available from major banks and reputed NBFCs to address your cash crunch emergencies.
If you’re struggling to get a personal or business loan approved, Car Loan offers quick and easy access to funds with a loan against your car. You can get instant loans of up to 200% of your car’s value at low interest rates.
Get Best Loans at SSM Associates
Used Car Loan – Main Eligibility
Age
Between 25 to 65 years at the end of loan tenure.
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Salaried and self-employed individuals can apply
Car Age
Current car should not be older than 10 years
Used Car Loan Features & Benefits
Fast Approval Process
Minimum Documentation
Attractive Rate of Interest
Low Down Payment Options
Documents Required for Used Car Loan
Salaried
ID Proof - Passport, PAN Card, Voters' ID, Aadhaar Card, Driving License
Address Proof - Passport, Aadhaar Card, Driving License
Salary slips - (For three months), Bank statements for last 6 months
RC Book and Insurance copy of the vehicle
Self-Employed
ID Proof - Passport, PAN Card, Voters' ID, Aadhaar Card, Driving License
Address Proof - Passport, Aadhaar Card, Driving License
Proof of Business existence, Maintenance and Electricity Bills, Last 2 years Income tax returns of the applicant, Copy of GST registration for business
RC Book and Insurance copy of the vehicle
Common Queries
Frequently Asked
Questions
SSM Associates is the leading loan consultancy in Salem, offering expert guidance and personalized loan solutions.
80+ Winning award
1. What is a loan against a car?
Loan against car is cash/funds available against the current value of your existing car which can be used for personal and business purposes.
2. How much loan can I get?
The amount of loan against car depends on your repayment track record, credit score, the value of your existing car loan, and other factors like the model and age of the car.
3. Which cars are eligible for Loan against car?
All vehicles including hatchbacks, sedans, and SUVs are eligible for Loan against car.