To qualify for a used car loan, consider the following key conditions:
- Age: Your age should be at least 21 years. Or else, you can proceed with a guarantor.
- Income Stability: At least 6 months of work experience with the current organisation.
- Credit Score: A credit score of more than 750 increases the possibility of loan approval.
- Existing Debt Status: Your current debt status is a deciding factor in ensuring your eligibility.