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Used Car Loan Refinancing: Meaning & How It Works

Used car loan refinancing allows you to replace your existing loan with a new one that offers better terms. It can help you reduce your EMI, lower your interest rate, or avail a higher loan amount. IDFC FIRST Bank offers refinancing at attractive interest rates with instant sanctions and up to 200% loan-to-value (LTV). The refinancing process is simple, digital, and requires minimal documentation, ensuring quick approvals.

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