A pre-owned car loan is a financing solution that helps you purchase a used car without paying the full amount upfront. Since used cars are generally more affordable than new ones, the loan amount, monthly EMIs, and overall interest paid are significantly lower. With Butterfly Fintech, you can get flexible repayment terms, quick approvals, minimal documentation, and competitive interest rates—making it a cost-effective way to own a vehicle without the financial burden of a new car purchase.
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Is a Pre-owned Car Loan Right for You?
Consider getting a pre-owned car loan if:
Not sure? Speak to our loan advisors for a free consultation.
Call Now: +91 91362 77694Why 10,000+ Customers Choose Butterfly Fintech for Pre-owned Car Loans
Get access to the most competitive rates in the market. We compare offers from our entire network to find you the best deal for your pre-owned car.
No hidden charges. No processing fee surprises. What we quote is what you get. 100% transparent pricing model.
AI-powered loan matching, instant eligibility check, and digital documentation mean you get approved faster with less hassle.
A pre-owned car loan offers several benefits, making it an attractive financing option for budget-conscious buyers. Since used cars are generally more affordable than new ones, the loan amount, monthly EMIs, and overall interest paid are significantly lower. Additionally, used cars depreciate at a slower rate, helping preserve their resale value. Insurance premiums and registration costs are also typically lower. Many lenders offer flexible repayment terms, quick approvals, and minimal documentation for pre-owned car loans, making the process convenient and accessible. Overall, it’s a cost-effective way to own a vehicle without the financial burden of a new car purchase.
Say goodbye to endless paperwork and a long waiting period. We offer a completely online process for quick and easy refinance approvals.
Get substantial additional funds against your current vehicle's worth. Refinance your car loans up to 200 % of the value of your vehicle.
Select a payment plan between 12 to 60 months according to your budget. Choose a longer repayment period in order to lower your EMI for enhanced financial flexibility.
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To apply, simply submit your valid ID, address and income proof. Get additional funds over your existing loan with minimum documentation
You can choose the ideal repayment plan for your financial needs from our diverse portfolio of banking partners, offering flexible, step-up, and balloon EMI options.
Refinancing an auto loan secures brand-new lending terms and a lower interest rate structured around your car’s current value instead of the original price. Butterfly Fintech offers current vehicle owners exclusive access to our customizable car loan refinance. We offer a smooth hassle-free digital application and approval process, choose Butterfly Fintech for a more smarter and affordable loan against your car.
Stuck on something? We're here to help with all your questions and answers in one place.
A pre-owned car loan is a financing solution that helps you purchase a used car without paying the full amount upfront. Since used cars are generally more affordable than new ones, the loan amount, monthly EMIs, and overall interest paid are significantly lower.
Butterfly Fintech offers competitive interest rates, flexible repayment tenures from 1 to 7 years, quick approvals in 24-48 hours, minimal documentation, and a completely digital application process. We also cater to both salaried and self-employed individuals.
You stand to get these benefits from a pre-owned car loan:
Eligibility criteria for a pre-owned car loan is as follows:
The list of documents required for a pre-owned car loan are as follows:
From Butterfly Fintech, the interest rate would depend on your creditworthiness, loan amount, loan term, and the age of the car. We offer competitive rates starting from 9.5%* per annum, and further competitive rates would be offered as per your profile.
At Butterfly Fintech, our core objective is total transparency. We disclose all charges upfront. These include the processing fees, stamp duty, and prepayment penalties (if applicable). Some special schemes offer zero processing fees.
After having submitted the required documentation with Butterfly Fintech, it would take up to 24-48 hours for approval. The disbursal typically happens within 48-72 hours after approval.
Yes, there are "No Income Proof Financing" schemes available for eligible customers. However, these may have different terms and conditions. Please contact our loan advisors for more details.
If you have additional questions, please give us a call at +91 91362 77694 or email us anytime at info@butterflyfintech.com.