Piramal Finance, an NBFC headquartered in Mumbai and established in 2014, offers a used car loan with interest rates ranging from 13.5% to 18%. Loan amounts range from ₹1 lakh to ₹25 lakh, with tenures from 12 months to 84 months. The lender states financing of up to 90% of the vehicle value, with no guarantor required. Applicants must submit basic KYC and income proof. Rate type, processing fee, prepayment penalty, minimum CIBIL score, age limits, minimum salary, and employment type eligibility are not published for this product.
As published by Piramal Finance. Your branch may ask for more.
A used vehicle is riskier collateral and depreciates faster, so lenders price the rate higher and finance a smaller share of the value. NBFCs often approve older cars and thinner files that banks decline.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.