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
Basic eligibility criteria
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
Documents Required
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)
For SENP/ Professionals - 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
