Choosing to upgrade your vehicle with a pre-owned car loan can prove to be an economical and intelligent choice. Pre-owned cars present a compelling option, considering the reduced cost after depreciation. However, not everyone may have the required funds readily available to make a car purchase on short notice.
In such situations, opting for a pre-owned car loan can provide a practical financing solution. A pre-owned car loan allows you to spread the cost of the vehicle in small monthly instalments over a period of time.
Bajaj Finance offers used car finance with simple eligibility criteria, making it a preferred choice for a wide range of customers.
Here are four benefits of a pre-owned car loan:
- High-value financing
A pre-owned car loan offers high-value financing, allowing you to secure a significant portion of the car's cost. This ensures that you can drive home your desired pre-owned car without compromising on other financial commitments. Bajaj Finance offers used car loan of up to 115% of the car's valuation. You can secure funds up to Rs. 1.02 crore.
- Minimal paperwork
Simplified paperwork ensures that you can focus on selecting the right car rather than getting caught up in tedious documentation procedures. You can apply for a used car loan by submitting documents such as your KYC documents, PAN card, employee ID card and more.
- Quick disbursal
Since the car's value is already established, lenders can expedite the loan approval, making it possible for you to purchase the car in a relatively short span of time. This quick disbursal is particularly beneficial when you come across a good deal or need a car urgently.
Bajaj Finance ensures that the loan amount is deposited into the customer's bank account within 48 hours* after loan approval. The speedy disbursal facility enables customers to acquire their second-hand cars promptly, without any delay. - Affordable repayment tenures
Pre-owned car loans offer the advantage of flexible loan tenures, allowing you to choose a repayment period that aligns with your financial capabilities and preferences. With flexible tenures, you can opt for a shorter loan duration to repay the loan quickly or opt for a longer tenure to enjoy lower monthly instalments.
Our used car loan offers flexible loan tenures, giving customers the freedom to repay their loans over a period of 12 months to 84 months.
Additional read: Tips to get low interest rate for a used car loan
You can read more about the benefits of a pre-owned car loan by following this link to our used car loan page.
*Terms and conditions apply
