Your eligibility for a car loan from Spinny is determined on the basis of parameters such as:

• Income
• Type of residence ownership
• Past credit and banking history
• Credit score maintained by an accredited credit rating agency

The interest rate you are offered for your car finance is dependent on your credit score as well as overall income profile. These parameters are examined at the time of your loan application to determine the interest rate on your choice of car.

With Spinny, up to 100%* of the car’s price can be financed with a car loan. The actual funding amount, as well as the interest rate, will depend on your choice of car and credit profile.
*This is dependent on the finance partner, customer credit history and other parameters. We can only give a fair idea once we get all the details from you.

Yes, you can get a pre-approved loan even if you have not decided on a car yet. We understand that choosing your dream car can take time.

In the event that you return the Spinny car in the 5-day money back guarantee period, the loan shall be cancelled. Your down payment will be refunded and any additional charges will be borne by Spinny. Your money is safe with us!

Used car loans from Spinny come with repayment tenures ranging from a minimum of one year to a maximum of five years.

For salaries employees, there are no tax benefits on used car loans. For people who are self-employed or business owners, tax benefits can be claimed.

Yes, you can apply for a second hand car loan with a co-applicant. The eligibility of both applicants will be considered for a used car loan from Spinny.

Foreclosure charges on the used car loan will be dependent on the loan provider and their terms.