Used Car Loan

With Bajaj Finserv Used Car Loan you can repay the loan comfortably over tenures ranging from 12 months to 84 months.

Click here to learn how to choose the right tenure for your used car loan.

Simply click on the 'Apply’ button to open the online application form. Once you share your basic details, our representative will contact you and help you with the further process. Submit the required documents to our representative. Once your documents are verified and your loan is approved, you will get the money in your account.

No. You can only get loans for pre-owned cars.

You do not need a guarantor to avail of a second-hand car loan. However, if your income does not meet our used car loan eligibility criteria, then you may require a guarantor/ co-applicant. In such a case, you might need a guarantor as a security for your loan.

When you apply for a used car loan, the loan amount is decided based on your eligibility and the value of the second-hand car. Bajaj Finance offers asset-based funding of up to 115% of the car’s value. Click here to learn more about the features and benefits of used car loans.

When you apply for a pre-owned car loan with Bajaj Finance, you will receive the funds within 48 hours* of approval.

If you are purchasing a car for your personal use, you cannot claim any tax benefit on your second-hand car loan. However, you might get some tax benefits if you are self-employed individual using the car for business purposes.

Bajaj Finance offers asset-based finance of up to 115% of your car’s value. When you choose our used car loan, you can get funds up to Rs. 1.02 crore with minimal documents.

Second-hand car loans give you access to a high-value loan and help you purchase your dream car easily. Bajaj Finance offers used car loans that come with simple eligibility criteria and minimal documentation. With a Bajaj Finserv Used Car Loan, you can funds get up to Rs. 1.02 crore in just 48 hours* of approval.