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Manappuram Used Car Loan
If you're planning to buy a new car, but can't afford one, then why not consider a used vehicle? And guess what? They also offer interest rates as good as new-car purchases. Manappuram Finance Ltd offers used car Loans at attractive interest rates with hassle-free documentation, Flexible repayments, and Timely disbursements. The loans are disbursed within 4 hours after acceptance of documents if the borrower is eligible. Browse through our website to get complete detail about Manappuram Used Car Loan.Powered By
Manappuram Used Car Loan
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Here are a few factors
| Location | 50Km from Branch |
| CIBIL Score | 650+ |
| Loan Amount & Tenure | 1
Lac to 20 Lac (12 month to 48 month) |
| Loan to Value(LTV) | As per Grid & upto 80% of value of car |
| Type of Funded Vehicle | Funding to 3rd Owner |
| Rate of Interest & Type | 18% to 22% (Reducing) |
| Processing Fees | Upto 3% of Loan amount |
| TAT | Sanction-3 Days Disbursement-3 Days |
| Foreclosure Charges | 5% after 6 month |
| Applicant | Any Salaried or Self Employed Person |
| Applicant Age | 21 Year-65 Year |
| Applicant Minimum Income | No Minimum Income Criteria |
| Business Vintage for Self Employed Applicant | 2 Year |
| Minimum Job Experience for Salaried Applicant | 2 Year |
| Whether Co-Applicant Mandatory | Mandatory |
| Part Payment Allowed | Yes, after 6 month |
| Product | 1.
Sale-Purchase 2. Refinance 3. External BT 4. Internal BT+Topup |
| Program | 1.
Cash Income 2. Banking Product 3. Income Program 4. No Income Proof |
| Negative Profile | NRI, Advocates, GYM, Share Traders |
| USP | 1.
Cash Rental Income Can be Considered 2. Funding without Income documents |
| Additional | Funding to Bad CIBIL Score also |
Required Documents to Apply for Manappuram Used Car Loan
Salaried Person
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KYC of applicant
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Last 3 Month Salary Slip of Applicant
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Last 12 month Bank Statement of applicant
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Last 3 year ITR with computation of income of applicant or Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant
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RC of CAR
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Insurance Copy
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Sanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
Self Employed
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KYC of applicant
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Last 3 year ITR with computation of income of applicant
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Last 3 year audited balance sheet of applicant if available
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Last 3 year Tax audit report of applicant if applicable
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Last 12 month Bank Statement of applicant
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RC of CAR
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Insurance Copy
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Copy of GST registration if available
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Copy of Last 12 month GST return if applicable
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Sanction letter of all running loan
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership Firm/LLP
About Manappuram Used Car Loan
With Manappuram's used car loans, you can get on the path to your dream car! Drive your goals home with ease and comfort. Customized financing solutions include attractive interest rates and flexible repayment options, making car ownership both practical and hassle-free.
Don't let your fantasy car remain a fantasy. Apply for a used car loan in Manappuram today and begin your journey to purchasing the ideal pre-owned vehicle. With Manappuram Finance on your side, you can enjoy the freedom of the open road. "Your dream car is waiting for you!"
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
Let us take an example, How EMI is being calculated
| Year | Principal (A) |
Interest (B) |
Total Payment (A + B) |
Balance | Loan Paid To Date |
|---|---|---|---|---|---|
| 2022 | ā¹ 83,031 | ā¹ 38,627 | ā¹ 1,21,658 | ā¹ 9,16,969 | 8.30% |
| Jul | ā¹ 13,610 | ā¹ 6,667 | ā¹ 20,276 | ā¹ 9,86,390 | 1.36% |
| Aug | ā¹ 13,700 | ā¹ 6,576 | ā¹ 20,276 | ā¹ 9,72,690 | 2.73% |
| Sep | ā¹ 13,792 | ā¹ 6,485 | ā¹ 20,276 | ā¹ 9,58,898 | 4.11% |
| Oct | ā¹ 13,884 | ā¹ 6,393 | ā¹ 20,276 | ā¹ 9,45,014 | 5.50% |
| Nov | ā¹ 13,976 | ā¹ 6,300 | ā¹ 20,276 | ā¹ 9,31,038 | 6.90% |
| Dec | ā¹ 14,069 | ā¹ 6,207 | ā¹ 20,276 | ā¹ 9,16,969 | 8.30% |
| 2023 | ā¹ 1,76,332 | ā¹ 66,985 | ā¹ 2,43,317 | ā¹ 7,40,637 | 25.94% |
| Jan | ā¹ 14,163 | ā¹ 6,113 | ā¹ 20,276 | ā¹ 9,02,805 | 9.72% |
| Feb | ā¹ 14,258 | ā¹ 6,019 | ā¹ 20,276 | ā¹ 8,88,548 | 11.15% |
| Mar | ā¹ 14,353 | ā¹ 5,924 | ā¹ 20,276 | ā¹ 8,74,195 | 12.58% |
| Apr | ā¹ 14,448 | ā¹ 5,828 | ā¹ 20,276 | ā¹ 8,59,746 | 14.03% |
| May | ā¹ 14,545 | ā¹ 5,732 | ā¹ 20,276 | ā¹ 8,45,202 | 15.48% |
| Jun | ā¹ 14,642 | ā¹ 5,635 | ā¹ 20,276 | ā¹ 8,30,560 | 16.94% |
| Jul | ā¹ 14,739 | ā¹ 5,537 | ā¹ 20,276 | ā¹ 8,15,821 | 18.42% |
| Aug | ā¹ 14,838 | ā¹ 5,439 | ā¹ 20,276 | ā¹ 8,00,983 | 19.90% |
| Sep | ā¹ 14,937 | ā¹ 5,340 | ā¹ 20,276 | ā¹ 7,86,046 | 21.40% |
| Oct | ā¹ 15,036 | ā¹ 5,240 | ā¹ 20,276 | ā¹ 7,71,010 | 22.90% |
| Nov | ā¹ 15,136 | ā¹ 5,140 | ā¹ 20,276 | ā¹ 7,55,874 | 24.41% |
| Dec | ā¹ 15,237 | ā¹ 5,039 | ā¹ 20,276 | ā¹ 7,40,637 | 25.94% |
| 2024 | ā¹ 1,90,967 | ā¹ 52,350 | ā¹ 2,43,317 | ā¹ 5,49,670 | 45.03% |
| Jan | ā¹ 15,339 | ā¹ 4,938 | ā¹ 20,276 | ā¹ 7,25,298 | 27.47% |
| Feb | ā¹ 15,441 | ā¹ 4,835 | ā¹ 20,276 | ā¹ 7,09,857 | 29.01% |
| Mar | ā¹ 15,544 | ā¹ 4,732 | ā¹ 20,276 | ā¹ 6,94,313 | 30.57% |
| Apr | ā¹ 15,648 | ā¹ 4,629 | ā¹ 20,276 | ā¹ 6,78,665 | 32.13% |
| May | ā¹ 15,752 | ā¹ 4,524 | ā¹ 20,276 | ā¹ 6,62,913 | 33.71% |
| Jun | ā¹ 15,857 | ā¹ 4,419 | ā¹ 20,276 | ā¹ 6,47,056 | 35.29% |
| Jul | ā¹ 15,963 | ā¹ 4,314 | ā¹ 20,276 | ā¹ 6,31,094 | 36.89% |
| Aug | ā¹ 16,069 | ā¹ 4,207 | ā¹ 20,276 | ā¹ 6,15,025 | 38.50% |
| Sep | ā¹ 16,176 | ā¹ 4,100 | ā¹ 20,276 | ā¹ 5,98,848 | 40.12% |
| Oct | ā¹ 16,284 | ā¹ 3,992 | ā¹ 20,276 | ā¹ 5,82,564 | 41.74% |
| Nov | ā¹ 16,393 | ā¹ 3,884 | ā¹ 20,276 | ā¹ 5,66,172 | 43.38% |
| Dec | ā¹ 16,502 | ā¹ 3,774 | ā¹ 20,276 | ā¹ 5,49,670 | 45.03% |
| 2025 | ā¹ 2,06,817 | ā¹ 36,499 | ā¹ 2,43,317 | ā¹ 3,42,852 | 65.71% |
| Jan | ā¹ 16,612 | ā¹ 3,664 | ā¹ 20,276 | ā¹ 5,33,058 | 46.69% |
| Feb | ā¹ 16,723 | ā¹ 3,554 | ā¹ 20,276 | ā¹ 5,16,335 | 48.37% |
| Mar | ā¹ 16,834 | ā¹ 3,442 | ā¹ 20,276 | ā¹ 4,99,501 | 50.05% |
| Apr | ā¹ 16,946 | ā¹ 3,330 | ā¹ 20,276 | ā¹ 4,82,555 | 51.74% |
| May | ā¹ 17,059 | ā¹ 3,217 | ā¹ 20,276 | ā¹ 4,65,495 | 53.45% |
| Jun | ā¹ 17,173 | ā¹ 3,103 | ā¹ 20,276 | ā¹ 4,48,322 | 55.17% |
| Jul | ā¹ 17,288 | ā¹ 2,989 | ā¹ 20,276 | ā¹ 4,31,035 | 56.90% |
| Aug | ā¹ 17,403 | ā¹ 2,874 | ā¹ 20,276 | ā¹ 4,13,632 | 58.64% |
| Sep | ā¹ 17,519 | ā¹ 2,758 | ā¹ 20,276 | ā¹ 3,96,113 | 60.39% |
| Oct | ā¹ 17,636 | ā¹ 2,641 | ā¹ 20,276 | ā¹ 3,78,477 | 62.15% |
| Nov | ā¹ 17,753 | ā¹ 2,523 | ā¹ 20,276 | ā¹ 3,60,724 | 63.93% |
| Dec | ā¹ 17,872 | ā¹ 2,405 | ā¹ 20,276 | ā¹ 3,42,852 | 65.71% |
| 2026 | ā¹ 2,23,983 | ā¹ 19,334 | ā¹ 2,43,317 | ā¹ 1,18,869 | 88.11% |
| Jan | ā¹ 17,991 | ā¹ 2,286 | ā¹ 20,276 | ā¹ 3,24,862 | 67.51% |
| Feb | ā¹ 18,111 | ā¹ 2,166 | ā¹ 20,276 | ā¹ 3,06,751 | 69.32% |
| Mar | ā¹ 18,231 | ā¹ 2,045 | ā¹ 20,276 | ā¹ 2,88,520 | 71.15% |
| Apr | ā¹ 18,353 | ā¹ 1,923 | ā¹ 20,276 | ā¹ 2,70,167 | 72.98% |
| May | ā¹ 18,475 | ā¹ 1,801 | ā¹ 20,276 | ā¹ 2,51,691 | 74.83% |
| Jun | ā¹ 18,598 | ā¹ 1,678 | ā¹ 20,276 | ā¹ 2,33,093 | 76.69% |
| Jul | ā¹ 18,722 | ā¹ 1,554 | ā¹ 20,276 | ā¹ 2,14,371 | 78.56% |
| Aug | ā¹ 18,847 | ā¹ 1,429 | ā¹ 20,276 | ā¹ 1,95,523 | 80.45% |
| Sep | ā¹ 18,973 | ā¹ 1,303 | ā¹ 20,276 | ā¹ 1,76,550 | 82.34% |
| Oct | ā¹ 19,099 | ā¹ 1,177 | ā¹ 20,276 | ā¹ 1,57,451 | 84.25% |
| Nov | ā¹ 19,227 | ā¹ 1,050 | ā¹ 20,276 | ā¹ 1,38,224 | 86.18% |
| Dec | ā¹ 19,355 | ā¹ 921 | ā¹ 20,276 | ā¹ 1,18,869 | 88.11% |
| 2027 | ā¹ 1,18,869 | ā¹ 2,789 | ā¹ 1,21,658 | ā¹ 0 | 100.00% |
| Jan | ā¹ 19,484 | ā¹ 792 | ā¹ 20,276 | ā¹ 99,385 | 90.06% |
| Feb | ā¹ 19,614 | ā¹ 663 | ā¹ 20,276 | ā¹ 79,772 | 92.02% |
| Mar | ā¹ 19,745 | ā¹ 532 | ā¹ 20,276 | ā¹ 60,027 | 94.00% |
| Apr | ā¹ 19,876 | ā¹ 400 | ā¹ 20,276 | ā¹ 40,151 | 95.98% |
| May | ā¹ 20,009 | ā¹ 268 | ā¹ 20,276 | ā¹ 20,142 | 97.99% |
| Jun | ā¹ 20,142 | ā¹ 134 | ā¹ 20,276 | ā¹ 0 | 100.00% |
FREQUENTLY ASKED QUESTIONS
With Manappuram Used Car Loan you can get Finance up to 80-90% of the value of the asset.
The Processing Fee on Manappuram Used Car Loan will be 1% of the loan amount.
The starting Loan Amount of the Manappuram Used Car Loan is Rs. 2 Lakhs
The customer care number of Manappuram Finance is 1800 420 2233
The interest rate on Manappuram Used Car Loan starts from 9.20% p.a.
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