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Used Car Loans
Owning a used car can be a simple, easy and reliable experience with KMPL Used Car Finance. Funding up to 90% with maximum tenure up to 84 months*
You may also avail finance against your existing car.
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Pre-approved loan*
Low ticket size loans Read More
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Preferred segment loan
Loan amount between Rs. 1.5 - Read More
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Approve you own loan*
For salaried employee Read More
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Take over of your existing car loan and generate cash*
It's a loan take over from the bank where the foreclosure amount is lesser than what KMPL actually funds on the asset. That's how you generate cash and you can get more than 100% finance.*
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Cash against your car*
Avail this loan by pledging your existing car which is free from any loan / hypothecation.
Salaried Individuals
- All Indian residents
- Minimum age of Applicant: 21 years
- Maximum age of Applicant at loan maturity: 60 years
- Minimum Income of Rs 15000 per month
Self Employed
- Minimum age of Applicant: 21 years
- Maximum age of Applicant at loan maturity: 65 years
- Minimum employment: At least 1 year in business
| Documents | Salaried Concerns | Self Employed Firm | Proprietary | Partnership | Companies |
|---|---|---|---|---|---|
| KMPL App. Form duly filled by you | Y | Y | Y | Y | Y |
| Latest Salary Slip showing statutory deductions | Y | - | - | - | - |
| Form 16 / IT Returns | Y | - | - | - | - |
| Proof of Residence (copy of electricity/ telephone bill) | Y | Y | Y | Y | Y |
| Signature | Y | Y | Y | Y | Y |
| Verification from your Banker / Voters ID / IT PAN card / IT Return / Driving License/ Passport | |||||
| P&L A/C and B/S for the last 2 years certified by CA | - | Y | Y | Y | Y |
| Copies of Income Tax Returns for the last two years | - | Y | Y | Y | Y |
| Partnership Deed / Trust Deed | - | - | - | Y | - |
| Letter of Authority | - | - | - | Y | - |
| MOA and Board Resolution authorising one director to execute the agreement. | - | - | - | - | Y |
| Photograph (one signed by the customer) | Y | Y | Y | - | - |
| RC copy | Y | Y | Y | Y | Y |
| Insurance Copy | Y | Y | Y | Y | Y |
| Valuation form from our authorized valuation agency | Y | Y | Y | Y | Y |
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Request a call back
Click here Click here to apply and get a call from us.
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Apply through SMS
SMS <USEDCAR> to 5676788
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Email us
- Which cars can be financed?
KMPL finances all existing passenger cars
- Up to what amount does KMPL finance?
KMPL finances up to 90% of the car value
- What is the tenure of financing options?
At KMPL, we give you financing option from a minimum of 12 months and up to 60 months
- What is the time taken to process my loan?
KMPL can give you financing in up to 72 hours upon completing documentation
- Can I generate cash against my existing car?
KMPL allows cash generation by taking over your existing loan or giving loan against your lien free car. - You should own a car with a clear title in your favour. - The vehicle can be free of lien or on loan with select financiers. - We mark our lien on the car and give money against your car. - We take over your existing loan and also top up your loan based on your track record.*
GST