SBI accepts cars up to 7 years old, HDFC up to 8 years, and ICICI up to 10 years at time of loan application. The key rule: the car's total age at end of loan tenure should not exceed 10–12 years typically.

If the seller has an existing loan on the car, they need to provide a hypothecation removal certificate (NOC) from their lender. This confirms the car is clear of all encumbrances. Our experts help you navigate this process.

Yes, but it's more complex. Most banks prefer certified pre-owned cars from dealerships. For private seller purchases, the documentation requirements are stricter and LTV may be lower. ICICI and Mahindra Finance are more flexible for private purchases.