Financing made possible for every car buyer
Don't worry! It'll not affect your credit score
Loans at Spinny work with you
Check your used car loan eligibility
Fill in a form online to know your second hand car loan eligibility in minutes, without impacting your credit score.
Upload documents
Upload your documents online and you’ll be served the best used car loan deal, customized just for you by our finance partners.
Same-day approval
With Spinny, get same-day approval and complete disbursal formalities at your convenience.
Home delivery
Your polished, cleaned and serviced Spinny Assured® car is delivered the same day, right at your doorstep.
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Make a wish, get your desired car!
Our Finance Partners
Frequently Asked Questions
Q. How is my loan eligibility determined?
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
Q. What factors impact my pre owned car loan interest rate?
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.
Q. Is it possible to get 100% of the value of the car financed with a used car loan?
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.
Q. I have not decided on a car, can I get a pre-approved loan?
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.
Q. What if I take a loan and return my car back in the 5-day guarantee period?
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!
Q. What are the tenure options available for used car loans?
Used car loans from Spinny come with repayment tenures ranging from a minimum of one year to a maximum of five years.
Q. Are there any tax benefits on used car loans?
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.
Q. Can I avail a used car loan with a co-applicant?
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.
Q. Will there be any foreclosure charges for used car loan?
Foreclosure charges on the used car loan will be dependent on the loan provider and their terms.