High Loan Amount | Low Interest Rate | Quick Disbursal
✓ Interest Rates Starting @ 10.50% ✓ Loan of up to ₹77 Lakhs ✓ Quick Disbursal
Get a pre-owned car loan of up to 100% of your vehicle’s price at low interest rates starting from 10.50% p.a. on Bajaj Markets. Repay the loan over a tenure of up to 72 months. With used car finance, you can also opt for a balance transfer. With Used Car Finance, you can also pledge your car to borrow additional amount and fulfil your financial obligations.
Here are some important details of used car finance that you should know about prior to applying.
Partner |
Minimum Interest Rate |
Maximum Loan Tenure |
10.50% p.a. onwards |
6 Years |
Features and Benefits
Maximum Funding
You can get a loan of up to 100% of your used car’s value
Low Interest Rates
The Used Car Loan interest rates start at just 10.50% p.a.
Flexible Repayment Tenure
You can choose a repayment tenure between 12 to 72 months as per your convenience
Minimal Documentation
Enjoy simpler and more convenient documentation with a digital application process
Quick Disbursal
You can get the sanctioned amount within 48 hours after the approval has been received
No Hidden Charges
Enjoy complete transparency with a Used Car Loan, that comes with zero hidden charges
Diverse Options
You can get a loan against your used car or transfer the balance of your existing car loan with Used Car Finance on Bajaj Markets
Check out these basic eligibility criteria that you may be required to fulfil in order to secure a used car loan.
- Your age must be between 18-80 years
- You should have a CIBIL score of 720 or above
- You should be an Indian citizen
- You should be either self-employed or salaried
- As a salaried applicant, you should have a minimum work experience of 1 year
- As a salaried applicant, you should have a minimum monthly salary of ₹20,000
Provided below is a list of documents you will be required to submit when applying for a Bajaj Finserv Used Car Loan.
- KYC Documents: Aadhaar Card, Passport, Voter ID
- PAN Card
- Employee ID Card
- Salary slip of last 2 months
- Bank account statements of last 3 months
- Vehicle registration certificate
- Vehicle insurance copy
- ITR proof of last 2 years (if self-employed)
How to Apply for a Used Car Loan
Apply for a used car loan easily by following the steps listed below.
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Enter your basic details
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Fill in the required loan amount and preferred tenure
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Select a loan offer from the options that appear on your screen
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Once your application has been submitted and verified, a loan representative will get in touch with you for further processing.
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
FAQs
Can a car loan be taken for a second-hand car?
Yes , you can get a used car loan, which is now available on Bajaj Markets.
Can I borrow up to 100% of my second-hand car’s value with a used car loan?
Yes, you can get a used car loan on Bajaj Markets and borrow up to 100% of your second-hand car’s value.
