FAQs

Loan on the following vehicles are arranged in this app Two-wheeler Three-Wheeler (Auto Rickshaw) Car (Yellow Board or Own Board) Commercial Vehicle Goods Vehicle

There are two types of Used Vehicle loans: 1. Pre-Owned Vehicle loans Pre-owned Vehicle loans are those were Borrower need not pledge the vehicle to Lender/Financier, Borrower can use the vehicle throughout the tenure of loan. Original Registration Certificate will be hypothecated with Respective RTO in favour of the Lender. This helps the Borrower to meet his urgent financial shortfall. (Basically it’s a form of Personal Loan). 2. Loan for Buying Used Vehicle, locally called as Second hand Vehicle Finance. This is nothing but loan required at the time of buying a second hand or used vehicle from any shop, Local Agents or Friends or relatives. Borrower generally gets Up to 70 % of loan on Market Value of Vehicle. K2D Finserv connects you to financers near you to avail such Loan. as It’s time to move on wheels and enjoy the joys of owing a vehicle with K2D Finserv’s Used vehicle loans.

No, as of now the K2D Finserv app does not charge any amount for its services provided to the users and its completely free. Users smile is our motivation and users 5 Stars reviews are our wealth.

Yes, since the loans are provided by the private financiers, CIBIL is not checked before approving the loan. But they may check on High Value Loans. Its Depend on Financier to Financiers.

Yes, as users are not required to submit any proof of income to the financiers, however financiers might ask for the satisfactory reply form you to assess your Income.

To apply loan on Used Bike/Car/Auto/Goods Vehicle, you need to be at least 21 years of age. K2D Finserv helps to obtain Used vehicle loans to both salaried and self-employed professionals and other individuals. Used vehicle loans are available for vehicles that are up to 10 years’ old. If you meet all the conditions, you can apply for loan at your fingertip and can later visit the respective financials office Our mobile app can be downloaded from the Google Play store or Apple App Store and use it to apply for loan with your respective personal details.

At K2D Finserv vehicle loans can be applied in less than 5 mins. All we need from you is your KYC documents and vehicle details.

Obtaining a Used vehicle loan with K2D Finserv is easy if you meet the below conditions. These are: You should be at least 21 years old Vehicles that are up to 10 years old. You will need to provide proof of identity/proof of address.

Yes, all you need to do is fill out your basic details in K2D Finserv user App and multiple financiers will contact you. All this can be done by just few clicks in the app

A Used vehicle loan with K2D Finserv is hassle-free and easy to obtain. Our Financiers offer the following benefits to our customers: Apply within 5 minutes Loan available from nearest Financiers of your residence We Arrange finance up to 70% of the Market value As the loan is disbursed from private financiers its quick and easy Ability to purchase a vehicle of up to 10 years’ old Friendly terms that cater to both salaried and self-employed individuals Easy repayment in EMIs due to flexible tenure No need for a security or a collateral

No, you do not need to provide any security or collateral for securing a pre-owned /Used vehicle loan. Your vehicle is hypothecated to respective Financier during the loan tenure and acts as a security for the loan.

No, you can just Download the K2D Finserv User App and apply for the loan from your mobile. Once your Loan is approved you can visit the office of the approved financier.

Yes, once the loan is approved by a financier and accepted by the applicant, the applicant have to visit to the financiers office to close the deal.

You only need a photo of vehicle and Aadhar card to apply for a loan with K2D Finserv App. Upon approval from a financier, documents required for a used vehicle loan by private financiers are easy to obtain and can be simply self-attested. After you submit the used vehicle loan documents, financiers will process your application. Documents required for a used vehicle loan are listed: Aadhar Card Voter ID / Driving Licence Ration Card Latest Month Gas Bill Passport Size Photos (8 Copies) All the above details are required for both hirer and guarantor Bank Passbooks and Cheque leaf’s may be required Vehicles Original Documents, NOC, Previous Owner Transfer Papers Duplicate Vehicle Key

As the finance is provided by private financiers, payment can be made through various methods mentioned below: Visiting the financier’s office and make the payment Various Wallets like G-Pay, Paytm, PhonePe etc Alternatively, you can use the payment gateway available in K2D Finserv App

Yes, you have the option to repay the entire loan amount before expiry of the loan tenure by simply visiting the financier’s office. And if its meeting few Condition you may enjoy the waiver of huge Interest.

Yes, K2D Finserv App provides the payment gateways for the monthly EMI Payments through the App.