New Delhi, Feb. 19 -- With the popularity of used cars in India, a lot of opportunities are waiting to be financed. A pre-owned car loan is simply to provide financial support and fund individuals purchasing second hand vehicles.

Below is the complete overview of what pre-owned car loans are and how to apply for them.

A pre-owned car loan is a form of financing that enables you to buy a used car. As opposed to personal loans, which are used for other expenses, pre-owned car loans are used to enable the buying of used cars. Pre-owned car loans are defined by low interest rates and flexible repayment terms.

The conditions will vary depending on the lender but will usually be:

Getting a pre-owned car loan is easy:

Used car loans also po...