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Bajaj Finserv Personal Loan for Used Cars, 5 Reasons Why You Should Apply

  • Highlights

  • Bajaj Finserv offers Personal Loans at attractive rates

  • Get instant approval and quick disbursal on your loan

  • As an unsecured loan, you don’t need to pledge security

  • Bajaj Finserv also brings you pre-approved loan offers

The second-hand car market in India is booming. This is largely because of the increased spending power of the middle class and the increasing presence of global carmakers in the region. Due to the large number of options available in any given segment, the Indian buyer is frequently tempted to switch to a new car that promises a sportier performance, a more powerful engine, enhanced comfort and of course, more mileage.

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This situation has resulted in used cars flooding the market. The second-hand car buyer now has more options than ever before. Individuals that would earlier sell their car after 5 years, are now doing so in just 3; some put their cars on the market even earlier. What this means is that there are top-quality, well-equipped cars in the market, at very affordable prices.

For many individuals, buying a car is usually the second biggest investment after a house. There are many loans available in the market that can fulfil your dream of owning a car. But, here are five reasons why you should consider applying for a Bajaj Finserv Personal Loan.

Minimal documentation

There are very few documents needed to secure a personal loan from Bajaj Finserv. But first, you have to meet the eligibility criteria, which is also minimal. To be eligible you need to be a resident citizen of India between 25-58 years of age, employed by a MNC, public or private company with a stable income.

Once these have been met, the documents required are KYC documents, employee ID card, previous couple of month’s salary slips and last 3 month’s salary account statement.

Instant approval and disbursal

Once the required documents have been submitted, it does not take long for the loan application to get approved. In fact, the approval is taken care of in under 5 minutes for the most part. From then on, it requires only 24 hours for the amount to get credited to your bank account.

No hidden charges or collateral

Bajaj Finserv believes in transparent and honest dealings with its customers. To this effect, the company does not feature any hidden charges in its products. We further understand, that most of our customers might require funds urgently and may not be in a position to offer a collateral. We have done away with this concern and offer our personal loans without the need for any collateral.
Additional Read: How You Can Use A Personal Loan for Debt Consolidation

Flexible tenor

You don’t have to worry about paying off the loan in the immediate future. Our personal loans come with a flexible tenor that allow you to make payments at your convenience. The tenor can range from anywhere between 12-60 months.

Substantialloan amount

Personal loans from Bajaj Finserv take care of most of your financial needs. With a loan amount that can be for as little as Rs.1 lakh to a maximum of Rs.25 lakh, you can be sure to get any used car that you desire.

Attractive interest rates, flexible repayment tenor and a high loan amount: avail these benefits and more, by choosing personal loans from Bajaj Finserv. Click here to know how much amount you are eligible for, and take the first step towards fulfilling your dream.

You can also share a few basic details and check out your pre-approved loan offer today.

The content of this document is meant merely for information purposes. The personal loan features mentioned in this article are subject to updation, completion, revision, verification and the same may change materially based on policy revisions. For more details, please visit our Personal Loan terms and conditions page here.

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