Car ownership is a dream for many of us, but purchasing a vehicle—especially a new one—can require a substantial financial commitment. This is where a used car becomes a practical and cost-effective alternative.
Buying a used car offers several advantages: primarily, it is significantly cheaper than a new car. Additionally, the growing popularity of the pre-owned car market means you have a wider selection of models to choose from, allowing you to find a vehicle that suits both your needs and your budget.
Although opting for a used car is more affordable, it still necessitates a considerable sum upfront. In such cases, a used car loan can be invaluable, providing quick access to funds and allowing you to spread the cost of your pre-owned vehicle into manageable monthly installments.
With the Bajaj Finserv Used Car Loan, you gain swift access to high-value funds specifically for your second-hand car purchase. Plus, you’ll enjoy minimal documentation, straightforward eligibility criteria, and rapid disbursal. Here are five reasons to consider the used car loans offered by Bajaj Finance:
- High-Value Loans: Bajaj Finance offers used car loans of up to ₹77 lakh. Whether you’re interested in a sleek sedan or a rugged SUV, this substantial loan amount will help you finance the car you desire.
- Quick Disbursal Facility: With Bajaj Finserv Used Car Loan, you can receive the necessary funds within 48 hours* of approval. This rapid disbursal enables you to bring home your chosen vehicle without delay.
- Flexible Repayment Tenures: Bajaj Finance provides a repayment period of up to 72 months, making it easier to manage your loan. This extended tenure allows you to break down the cost of your used car into small, affordable installments.
- Simple Eligibility Criteria and Minimal Paperwork: Qualifying for a Bajaj Finserv Used Car Loan is straightforward. You must be an Indian citizen aged between 18 and 80 years* with a CIBIL Score of 720 or higher. For salaried individuals, a minimum monthly salary of ₹20,000 and at least one year of work experience are required. Self-employed applicants must provide ITR proof for the past two years. Once you meet these basic criteria, you’ll need to submit just a few essential documents, such as your PAN card, KYC documents, salary slips, and bank statements.
- Hassle-Free Application Process: The application process for the Bajaj Finserv Used Car Loan is designed to be user-friendly. Simply visit the used car loan page on the Bajaj Finserv website, fill out the application form with basic details, and submit it online. A representative from Bajaj Finance will contact you to guide you through the next steps. You can also take advantage of a doorstep document collection service to submit your paperwork from the comfort of your home.
If you’re looking to finance the purchase of a pre-owned car, obtaining a used car loan can be a practical solution. This financial product offers quick funds with straightforward eligibility requirements. For competitive interest rates and fast access to funds, the Bajaj Finserv Used Car Loan is an excellent choice.
Visit the Bajaj Finserv website to apply for a used car loan today.
*Terms and conditions apply.