Your used car loan eligibility depends on several factors, including your age, income, employment stability, credit score, and the age of the car. Generally, applicants between 21�65 years with a monthly income of ₹15,000 or more qualify. Most lenders require a CIBIL score above 650 for better terms. The vehicle should typically be less than 10 years old. Eligibility criteria can vary for salaried vs self-employed applicants. Improving your CIBIL score and maintaining consistent income can significantly enhance your chances. Knowing your used car loan eligibility beforehand helps you apply with confidence and improves loan approval chances.

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