PaySense and LazyPay, PayU’s consumer lending business, merge to build a full-stack digital lending platform in India.Learn morehttps://corporate.payu.com/news/payu-consolidates-india-digital-credit-offering/

Used Car Loan

Nothing can beat the safety of your own car

Get Used Car Loan up to ₹5 Lakhs

100% Safe & Secure
100% Safe & Secure
Instant Process
Instant Process
Own a used car with a personal loan
Use the EMI Calculator to check plans

Loan Amount

1,30,000Edit
₹5,000
₹5,00,000
Loan Term
ROI
EMI (per month)
Total interest
*The tenures shown here are indicative. Actual tenures may vary depending on your eligibility.
*The ROIs shown here are indicative
See EMI Plans  
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Really good app and service of this PaySense team is really very nice. I got the loan to buy a car very quickly in my account and it’s really very helpful to me. Thank you so much pay sense all team members.
The used car market in India is thriving. In addition to being cheaper, used cars serve a lot of other benefits aswell. Many people are going for a used car to help them ease into driving before purchasing their first ‘real’ car. Considering that a car today is pretty much a necessity in cities, urban households are choosing a used car to increase the number of mobility options for all family members.Buying a new car may be a very expensive and tough decision for many people, but used cars are the cheaper and effective alternative. Thus, buying a used car is more pocket-friendly and causes lower financial pressure on people. Nonetheless, depending on the model, age and condition of the car, a used car may easily set you back by ₹1,50,000 – ₹3,00,000. You might also have spend some amount on servicing it and repair works. People who fall in the low-income category group and small businessmen often do not have such high amounts of capital to spare. However, that isn’t stopping them from buying a car of their choice. In the past few years, people have started availing instant used car loans from online lenders, like PaySense, in order to fund this essential big-ticket purchase. Let’s take a closer look at this trend, the eligibility conditions and process for applying for an online used car loan. PaySense offers used car loans up to ₹5,00,000 without any collateral or security to its customers.
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Do you think a personal loan needs too much effort ?

Getting a personal loan was never this easy

Instant personal loans
Instant personal loans
Get instant personal loans from ₹5000 to ₹5 lakh to fit all your needs and dreams
Quick Approvals & Disbursals
Quick Approvals & Disbursals
Get prompt loan approval and money in your account
Paperless Documentation
Paperless Documentation
Upload pictures of you KYC documents and sign your loan application digitally
Affordable EMI plans
Affordable EMI plans
Easy to manage EMI plans with reminders and auto-debit features so that you don’t miss out on timely payments
One-click subsequent personal loans
One-click subsequent personal loans
Need another loan from PaySense? With one-time documentation, it’s just a click away. No further checks required
Zero Credit History
Zero Credit History
Never taken a personal loan previously? It’s okay - we serve the users who are new to credit and lending system.

It just takes three simple steps to get an instant personal loan online!

1
Check eligibility and select a personal loan plan
Fill in a few basic details to check your eligibility for PaySense instant personal loans and get a Credit Line. A Credit Line is the total amount of loan you can get from PaySense. Once you get your Credit Line, you can choose the loan amount. Choose the best combination of loan duration and EMIs to select your loan plan.
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2
Upload KYC Documents
To get your personal loan approval, you have to upload a few documents to complete your KYC. You are also required to sign the loan agreement and a NACH form to enable auto-deduction of EMIs. NACH stands for National Automated Clearing House is a centralised web-based payment system, regulated and supervised by Reserve Bank of India (RBI) for bulk money transactions. NACH form ensures that you don’t miss on your EMI payments and impact your credit score negatively. The best part – the entire process is paperless. Once you upload all required documents, you get an approval within 2 working hours.
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3
Get your money
Once your personal loan is approved and the application procedure is complete, your money will be directly transferred to your account quickly. It is that easy to get instant personal loan with Gopaysense.
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Check eligibility and select a personal loan planUpload KYC DocumentsGet your money

Things to Know

Now get a loan on your own terms with our flexible EMI options and take control of what & when you pay

Eligibility Criteria options

Eligibility Criteria

Documents Required options

Documents Required

Credit Score options

Credit Score

EMI Calculator options

EMI Calculator

Over 2,56,664 loans disbursed-happy customers

With a continously growing community of happy customers we are disbursing more loans every minute.

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Enjoy a faster & easier loan application process with our Android App

Disbursed till date

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Loans Disbursed

Frequently asked Questions

Now get a loan on your own terms with our flexible EMI options and take control of what & when you pay

General Questions
About PaySense
Loan Eligibility
Loan Application Process
Fees and Charges
Loan Repayment
User Security
Customer Support
Others
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Can I get a used car loan if I'm getting my salary in cash or cheque?

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Can I get a used car loan without a salary slip/ payslip?

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Will I be required to submit the documents to my car?

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Can I get a used car loan on the first month’s salary?

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My city is currently not on the list where PaySense offers its services. What should I do?

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Can I receive the used car loan amount in my salary account?

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Is the PaySense mobile app safe?

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I have never taken a loan before. Am I eligible for a used car loan from PaySense?

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After purchasing the car, I realised I need more funds for servicing and repair work. What should I do?

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I have further doubts regarding used car loans, what should I do?

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What is PaySense?

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Which banks and NBFCs have you partnered with?

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Is taking a personal loan a good idea?

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What is the maximum amount of personal loan I can get from PaySense?

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What can I use my personal loan for?

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How would PaySense personal loan impact my credit score?

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Am I eligible for a PaySense personal loan?

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I am self-employed. Will you give me a PaySense personal loan?

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I have zero credit score. Will you give me a PaySense personal loan?

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How do you decide my credit line?

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I need a loan of higher amount than you approved. Can my credit line be changed?

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What documents are required to get a PaySense personal loan?

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How do I apply for a PaySense personal loan?

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How much time would it take to complete my loan application once I have installed the app?

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How much time would it take to get the loan approval once I have completed the loan application?

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After uploading all the documents, why was my loan application rejected?

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When can I get my money after loan approval?

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Are there any hidden fees?

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How much processing fees do you charge?

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How much interest rate do you charge on personal loans?

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Are there any extra charges on late payments?

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What are loan foreclosure / pre-payment charges?

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How can I pay back my loan?

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What is a pre-EMI?

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Can I reschedule my EMI date?

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What happens if I miss my EMI on due date?

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While paying my EMI, the amount was deducted from my bank account, but it’s not showing on the PaySense app. Where did my money go?

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I want to close my loan earlier than the schedule loan tenure. What is the loan foreclosure process?

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What happens if I don’t pay back?

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My loan has been paid successfully. How do I get my No Objection Certificate (NOC)?

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Is PaySense safe?

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You ask for my internet banking details? How safe is it?

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I had checked my credit line from PaySense earlier but uninstalled the app. Now that I need a loan, do I have to start a fresh application?

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My loan application process is incomplete, but my phone got switched off. Do I have to start the application process again?

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I am getting a “Signature not verified” error after e-signing a document. What do I do?

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My netbanking access has been temporarily disabled. What do I do?

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How do I update my contact details (mail ID, phone number, address) in my PaySense account?

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How can I contact your team if I need any assistance?

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When will you support iPhone and Windows phones?

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Unsecured Used Car Loans in India

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Essential advice and tips while availing used car loans from PaySense

Apply for loans of upto ₹5 lakhs easily using your phone or laptop, and pay back on low EMIs
Get a Personal Loan Now

Used Car Loan

In today’s world, a car has become a necessity. Hence, going in for a used car loan is a smart and value-for-money purchase. If you are looking to buy your first car or looking to buy a car to learn how to drive, then purchasing a used car makes sense. We offer to our customers used car finance to help reduce the financial blow buying a car may have. Do remember, buying a used car does come with additional costs like a thorough round of cleaning and servicing.

Always remember, a second-hand car can be purchased with the help of a used car loan. You could purchase this car from either friends, family or other unknown car owners. Such loans usually have attractive interest rates. They are not too strenuous on the pocket and have a repayment tenure of up to 7 years.

If you are looking for a used car loan, you can get one up to ₹5 lakhs at PaySense. Paysense’ pre-owned car loan offers used car loans with minimal documentation, highly competitive interest rates and no collateral or security. Hence, we take you one step closer to your dream of owning a car.

Features and Benefits of Used Car Loan

Getting a second-hand car loan is a good decision. Applying for a used car finance option is simple and has multiple benefits. Some of the features and benefits of the Paysense’s used car loan are:

  1. Quick used car loan Processing: If you avail a used car loan with Paysense, one of the best perks is that the car loan can get processed instantly. You can get a loan amount for anything between INR 5,000 and INR 500,000 to help realize your dream of buying a car.
  2. Attractive used car loan interest rates: The interest rates that we offer for used car loans at Paysense are highly attractive and competitive. You can use the second-hand car EMI calculator to understand and plan your repayment schedule so that you are not burdened by the used car loan interest rate.
  3. Zero credit history required: Even if this is the first time you are look to get a used car loan, there are no worries. We do not need a credit history check to disburse this loan amount.
  4. Affordable second-hand car EMIs: Easy to manage EMI plans with reminders and auto-debit features so that you don’t miss out on timely re-payments of your second-hand car loan.

How to apply for a Used Car Loan on PaySense

Are you looking to apply for a second-hand car loan? Here is how you can do so in three simple steps:

  1. Check Eligibility: You need to check if you are eligible to get a used car loan in order to buy your vehicle. To check if you are eligible you need to fulfil the following criteria:
    • Be a resident Indian
    • Be above the age of 21 and below the age of 60
    • Have a stable job that pays a monthly salary of at least INR 12,000
  2. Upload required KYC Documents: You will need some documents to be ready to be either submitted or uploaded. Those documents for the used car loan are:
    • Aadhaar Card
    • Pan Car
    • Electricity bills
    • Bank statements
    • A photograph
  3. Link bank account for loan disbursement: All you need to do is link your bank account in which the loan amount that you are looking for will be disbursed. You will then receive your used car loan and you can begin shopping.