Cars play a pivotal role in our daily lives, offering unparalleled convenience and flexibility in transportation. While the appeal of owning a new car is undeniable, the financial constraints associated with it may make it challenging for many. This is where used cars emerge as a practical and viable solution. Used cars make car ownership accessible to a broader spectrum of individuals allowing them to enjoy the benefits of personal transportation without the burden of hefty price tags. To facilitate this process, financial institutions offer used car loans, allowing buyers to finance their purchases. However, one crucial factor that plays a significant role in the approval of a used car loan is the age of the vehicle.
Bajaj Finance offers used car loans that come with simple eligibility criteria and minimal documentation. If you are looking to apply for Bajaj Finserv Used Car Loan, it is important for your second-hand vehicle to fulfil these parameters.
- The loan is available only for private cars.
- The car should not be more than 12 years old at the end of the tenure.
- The car should not have more than 2 previous owners.
Apart from the above-mentioned criteria, you need to have a high CIBIL Score and meet the basic income parameters to qualify for a used car loan.
How to get a used car loan?
Bajaj Finance offers used car loans with a hassle-free online application. You can follow these simple steps.
- Visit our used car loan page and click on the ‘APPLY’ button to open the application form.
- Enter your mobile number and submit the OTP to complete the verification.
- Share a few basic details including your full name, mobile number, email ID, and other required information.
- Enter the details of the car if you have already selected.
- Confirm or update your KYC details and proceed to schedule an appointment for additional verification.
Our representative will connect with you to guide you on the remaining steps.
How much loan amount I can get with a used car loan?
With Bajaj Finserv Used Car Loan, you can get a substantial loan amount of up to Rs. 1.02 crore. Whether you wish to purchase a fancy sedan or a reliable SUV, this high-value loan amount allows you to drive home your dream car with ease.
Apply for our used car loan today and get the funds in just 48 hours* of approval.
