Used Car Loan

Used Car Loan

MAS Financial Services offers loans for a wide range of used cars including hatchbacks, premium hatchbacks, sedans, MUVs, and SUVs of varied vehicle brands.

  • Loans for purchase of used cars
  • Loan up to 5 Lacs
  • Loan tenure up to 36 months
  • The interest rate for the product ranges up to 26%.
  • Hassle free loans – Quick turn around time
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
  • Photograph - Latest Color Photograph
  • Identity proof (Any One) - Voter Id Card / Aadhar Card / PAN Card / Driving License / Passport
  • 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  Post Paid 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)
    1. For SENP/ Professionals - Shop Establishment Certificate / Sales and Purchase Bills / ITR / Financials with all schedules of last 3 Years
    2. For Salaried Applicants - Salary Slip of last 3 Months / Form 16 / TDS Certificate
    3. 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

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