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MAS helps you meet all your Aspirations

Looking to purchase a used car? MAS offers hassle-free and affordable secondhand car loans. With flexible terms, competitive interest rates, and a streamlined application process, we make it easy for you to get behind the wheel of your dream car. Apply now and drive away with confidence!

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Used Car Loan

MAS Financial Services offers loans for a wide range of used cars including hatchbacks, premium hatchbacks, sedans, MUVs, and SUVs of varied vehicle brands.
Loan amount up to ₹ 1000000
Loan tenure upto 36 Months

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Features

  • Loans for purchase of used cars
  • Ticket size for old / new car up to ₹ 10,00,000/-
  • Loan tenure up to 36 months
  • The interest rate for the product ranges up to 28%.
  • Hassle free loans – Quick turn around time

Eligibility

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Customer Profile

Salaried, Self Employed Non Professionals (SENP), Farmers, Professionals

Age

Between 18 to 65 Years

Residential Stability

2 Years

Employment Stability

1 year

Monthly Income

₹15,000/- or above

documentation

Photograph

Latest Color Photograph

Identity Proof
(Any One)

Voter ID Card / Aadhar Card / PAN Card / Passport / Driving License

Age Proof
(Any One)

Voter Id Card with DOB / Aadhar Card / PAN Card / Driving License / Passport / Government issued document with DOB

Signature Verification

Bank Signature Verification

Address Proof (Any One)

Electric Bill/ Tax Bill/ Water Bill/ Gas Bill / Fixed Line Telephone Bill / Postpaid Mobile Bill

Ownership Proof(Any One)

Electric Bill / Tax Bill / Water Bill / Possession Letter or Sale Deed with Latest Utility bill

Income Proof (Any One)

Shop Establishment Certificate/sales And Purchase Bills / Itr / Financials With All Schedules Of Last 3 Years

For Salaried Applicants

Salary Slip of last 3 Months / Form 16 / TDS Certificate

For Farmers

7/12 & 8A Extract with milk income proof

Bank Statement

Last 6 Months’ Bank Statement Of All Bank Accounts

*MAS reserves the right to ask for additional documents

Have questions or need help choosing the right loan solution?

Our team is here to guide you. Just give us a call.

Couldn’t find what you’re looking for? Our other loan products might interest you

Two Wheeler Loan

Our Two Wheeler Vehicle Loans are offerred to individuals who are keen to purchase their favourite motorcycle, scooters, along with the latest superbikes.

Salaried Personal Loan

MAS Financial Services Offers quick Salaried Personal Loan with minimum documentation & easy disbursal, So now you can own what you always dream of.

Commercial Vehicle Loan

We offer the commercial vehicle loan to customers with diverse profiles. With fast processing.

Faqs

What types of loans are offered by you?

We offer a range of loans including

  • Salaried personal loan
  • MSME loan (Micro, Small, and Medium Enterprises)
  • Business loan
  • Industrial shed loan
  • Two wheeler loan
  • Used car loan

What is the interest rate for a business loan?

The interest rate for a business loan offered by our NBFC depends on various factors such as creditworthiness, loan amount, and tenure. We offer competitive interest rates tailored to your business needs. The interest rates for our business loans vary from 12% to 24% for medium to large-sized businesses and can reach up to 36% for micro businesses.

Can I get a loan if I have a bad credit history?

We understand that individuals may have had financial difficulties in the past. While a poor credit history may impact the loan approval process, our evaluation takes various factors into consideration. We recommend reaching out to our representatives to discuss your specific situation.

Do you provide loans for first-hand cars?

No, We do not offer loans for brand-new cars. Our financing is exclusively available for used or pre-owned cars.

What is the process of applying for a loan?

Applying for a loan is an easy and hassle-free process. You can contact us at 18002025555 or submit an application through our website. Our loan representatives will reach out to you and gather all the necessary documents from your home. The disbursement of funds will be completed within a week.

What documents are required to apply for a loan?

The documentation requirements may vary based on the type of loan. Generally, you will need to provide identity proof, address proof, income documents, business documents (if applicable), and bank statements. Detailed documentation lists are available on our website.

Can I use salaried personal loan for my child’s education?

Certainly. You have the option to obtain a personal loan to fulfill various personal needs such as financing your child's education, covering expenses for your child's wedding, funding your travel plans, medical expenses and purchasing furniture for your residence.

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