Banks offer up to 80-85% of the total value of the used car for a loan tenure of 1 to 5 years provided the total age of the car and the loan tenure doesn't exceed more than 8-10 years. When you approach a bank for a used car loan, the bank will appoint an expert for the valuation of your car. Purchasing a preowned car is a cost-effective way to bring home the vehicle of your dreams. An Bank preowned car loan offers distinct benefits including end-to-end assistance all through the car-buying process, attractive interest rates, and up to 100% financing options.