Used Car Loan

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MAS helps you meet all your Aspirations

Looking to purchase a used car? MAS offers hassle-free and affordable secondhand car loans. With flexible terms, competitive interest rates, and a streamlined application process, we make it easy for you to get behind the wheel of your dream car. Apply now and drive away with confidence!

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Overview
Eligibility
Documentation
Schedule meeting
FAQ

MAS Financial Services offers loans for a wide range of used cars including hatchbacks, premium hatchbacks, sedans, MUVs, and SUVs of varied vehicle brands.
Loan amount up to ₹ 1000000
Loan tenure upto 36 Months

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Features

Loans for purchase of used cars
Ticket size for old / new car up to ₹ 10,00,000/-
Loan tenure up to 36 months

The interest rate for the product ranges up to 28%.
Hassle free loans – Quick turn around time

Eligibility

Know eligibility and maximum loan you could borrow

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Customer Profile

Salaried, Self Employed Non Professionals (SENP), Farmers, Professionals

Age

Between 18 to 65 Years

Residential Stability

2 Years

Employment Stability

1 year

Monthly Income

₹15,000/- or above

documentation

Photograph

Latest Color Photograph

Identity Proof
(Any One)

Voter ID Card / Aadhar Card / PAN Card / Passport / Driving License

Age Proof
(Any One)

Voter Id Card with DOB / Aadhar Card / PAN Card / Driving License / Passport / Government issued document with DOB

Signature Verification

Bank Signature Verification

Address Proof (Any One)

Electric Bill/ Tax Bill/ Water Bill/ Gas Bill / Fixed Line Telephone Bill / Postpaid Mobile Bill

Ownership Proof(Any One)

Electric Bill / Tax Bill / Water Bill / Possession Letter or Sale Deed with Latest Utility bill

Income Proof (Any One)

Shop Establishment Certificate/sales And Purchase Bills / Itr / Financials With All Schedules Of Last 3 Years

For Salaried Applicants

Salary Slip of last 3 Months / Form 16 / TDS Certificate

For Farmers

7/12 & 8A Extract with milk income proof

Bank Statement

Last 6 Months’ Bank Statement Of All Bank Accounts

*MAS reserves the right to ask for additional documents

Have questions or need help choosing the right loan solution?

Our team is here to guide you. Just give us a call.

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Faqs

What is the purpose of this loan?

To purchase a pre-owned car.

Who is eligible?

Salaried or self-employed, income proof, good repayment history, vehicle must meet MAS norms.

What is the interest rate?

Based on car age, profile, and tenure. Rate for UC can range from

What is the loan amount? And how is it decided?

Up to ₹10 lakh.

What is the tenure?

12 to 48 months.

How long does approval take?

24–48 hours.

What amount can be funded against value of vehicle?

We offer up to 90% of vehicle's value as per the customer's profile.

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MAS helps you meet all your Aspirations