You can apply for a secured loan where your used car is used as collateral. The loan amount typically depends on the car’s market value, age, and condition.

The eligibility criteria may include a minimum age requirement, proof of income, and ownership of the car. The car should also meet specific age and condition standards.

The interest rate on a loan against a used car depends on factors such as the car’s value, your credit score, and the lender’s policies. Typically, the rates are lower for secured loans.

The processing time may vary by lender but generally takes a few days once all required documents are submitted and verified.

Commonly required documents include proof of car ownership, car insurance, identity proof, address proof, and proof of income.