Are you looking to buy a second-hand car? You can do so with the help of a used car loan, now available on Bajaj Markets. With this, you can borrow amounts as high as ₹77 Lakhs for tenure ranging up to 6 years. With this option, you can purchase a pre-owned car or transfer the balance of your existing car loan. You can also take a loan by pledging your car to fulfil your financial needs.
You can easily apply for a used car loan from Bajaj Finserv on Bajaj Markets. Here are some details you should know about, prior to applying for used car finance.
Key Highlights |
Specifications |
Interest Rates |
10.50% p.a. to 22% p.a. |
Maximum Loan Amount |
Up to ₹77 Lakhs |
Maximum Loan Tenure |
Up to 72 months |
Disbursal Time |
Within 48 hours |
Processing Fee |
Up to 2.95% |
*Disclaimer: The information provided above is subject to constant change at the lender’s discretion.
Features and Benefits
High Loan Amount
You can get up to 100% of your second-hand car’s value and borrow amounts as high as ₹77 Lakhs
Flexible Repayment Tenure
Choose from flexible repayment tenure ranging from 12 months to 72 months
Low Interest Rates
Get a second-hand car loan at interest rates starting from just 10.50% p.a
Quick Disbursal
The sanctioned amount will be disbursed to your bank account within 48 hours of being approved
No Hidden Charges
The Bajaj Finserv Used Car Loan allows you to enjoy complete transparency as it comes with no hidden charges
Minimal Documentation
The documentation process is convenient and simple due to the online application process
Diverse Usage
With Used Car Finance, you can get a loan against your used car or opt for a car loan balance transfer
Provided below are some eligibility criteria, you should fulfil in order to secure a used car loan.
- You should be an Indian citizen
- Your age must be between 18-80 years
- You should have a CIBIL score of 720 or above
- 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
If you are looking for used car finance, make sure to have the following documents handy
- 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 on Bajaj Markets
You can apply for a used vehicle loan by following the steps provided below:
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Click on the ‘Apply Now’ button on this page
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Enter your basic details
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Fill in your preferred tenure and loan amount
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Check the loan offer
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After this, an executive will contact you for further procedures
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
How much can I borrow with the help of a Bajaj Finserv Used Car Finance?
You can borrow amounts as high as ₹77 Lakhs and fund up to 100% of your second-hand car purchase with this loan. However, the loan amount you are offered depends on your eligibility. Thus, make sure to note down the eligibility criteria.
Can any second-hand car purchase qualify for a Bajaj Finserv Used Car Loan?
The Bajaj Finserv Used Car Loan is available for private car purchases only. At the end of the decided tenure, the car should not be more than 12 years old. Furthermore, for the purchase to be eligible for the second-hand car loan, the vehicle should not have more than 2 previous owners.
What is the Bajaj Finserv Used Car Finance’s interest rates?
The Bajaj Finserv Used Car Finance interest rates start from 10.50% p.a. and can go up to 22%.
