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Discover the Benefits of
Pre-owned Car Loan

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.

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Swift

Digital Application Process

Say goodbye to endless paperwork and a long waiting period. We offer a completely online process for quick and easy refinance approvals.

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Unlock

For Higher Funding Amount

Get substantial additional funds against your current vehicle's worth. Refinance your car loans up to 200 % of the value of your vehicle.

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Flexible

Repayment Tenure

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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Hassle-Free

Documentation Process

To apply, simply submit your valid ID, address and income proof. Get additional funds over your existing loan with minimum documentation

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Tailored

Repayment Schemes

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.

Ready to Experience the Benefits of Pre-owned Car Loan?

Eligibility
for Loan Against CAR

Salaried Individuals:

  • Age criteria: 21 to 60 years
  • Minimum employment of 2 years
  • Income proof
  • Car ownership detail

Self-Employed Individuals:

  • Age criteria: 25 to 60 years.
  • Minimum Business setup of 2 years
  • Income proof
  • Car ownership details

Documents
Required for Loan Against CAR

  • Completed Application Form
  • A Recent Passport Size Photograph
  • Identity Proof (ID) (Any One)
  • Address Proof (Any One)
  • Income Proof (3 months Salary Slip)
  • Vehicle RC Copy
  • Loan Track Statement

Why choose Pre-owned Car Loan from Butterfly Fintech?

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.

Frequently Asked Questions

If you have additional questions, please give us a call at +91 91362 77694 or email us anytime at info@butterflyfintech.com

FAQ Illustration

Car refinance refers to taking a fresh loan against a current car loan. An applicant can take a loan from different lenders at a lower interest rate with better terms and conditions.
Butterfly Fintech offers competitive interest rates, flexible repayment options, and a hassle-free application process. We also cater to both salaried and self-employed individuals.
You stand to get these benefits from car refinance:
  • Based on a low rate of interest you can save thousands of rupees during the duration of your loan.
  • You get the flexibility of shortening your loan term in order to be able to pay off faster.
  • It is easier to manage multiple loans under one umbrella.
  • You can potentially improve your credit score with consistent on-time payment.
Eligibility criteria for car refinance is as follows:
  • Must be a citizen of India.
  • Should be minimum 21 years of age if salaried. For those who are self employed, the minimum age requirement is 25 years. Maximum age limit cannot exceed 60 years at the end of the loan term.
  • Provide essential documents pertaining to your current vehicle.
The list of documents required to refinance a loan are as follows:
  • Photo ID alongside address proof.
  • Valid RC (Car Registration Certificate)
  • Income proof
  • Ongoing loan details
From Butterfly Fintech the interest rate would depend on your creditworthiness, loan amount and loan term. 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).
After having submitted the required documentation with Butterfly Fintech, it would take up to 48 hours for approval.
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Get upto 200% loan on
your existing Car