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Features and Benefits

Fund your pre-owned car purchase in a smart, quick and hassle-free way with Used Car Finance from Bajaj Finserv.

  • High-value Used Car Finance

    With Bajaj Finserv, get an asset-based loan up to 90% of the car valuation, at an attractive rate of interest. Repay the loan in easy EMIs across 12 to 60 months.

  • Doorstep facility

    Get doorstep assistance on the entire processing- right from document pickup to all the way to RC transfer – with Used Car Finance with Bajaj Finserv. This makes the process convenient and hassle-free for you.

  • Instant approval

    If you are new to the Bajaj Finserv family, you get to enjoy same-day approval on your loan application. In addition to this Bajaj Finserv customers get special pre-approved offers on Used Car Finance.

  • Car Wash

    End-to-end car care services

    Get deals on washing, polishing, monsoon care and more for your car. With a host of benefits ranging from insurance renewals, car accessories and car servicing, end-to-end car maintenance is made easy with the Bajaj Finserv EMI Network Card.

  • Pre-approved offers

    Great offers

    Once you have availed a Used Car Finance from Bajaj Finserv, you get a 3M voucher worth Rs. 1,000 for free.

How a Bajaj Finserv Used Car Finance Works?

  1. Identify the car you want to buy
  2. Apply for the loan and get an instant approval (New customers can get the approval in 24 hours)
  3. Get your documents picked up right from your doorstep, at a time that suits you
  4. Dealer receives the money for your car in 48 hours
  5. Get driving in your new car

Eligibility Criteria

Easy-to-meet eligibility criteria for a Used Car Loan from Bajaj Finserv, makes it simple for you to finance your dream car.
  • Salaried individuals should have an age between 21 to 60 years
  • Self-employed individuals should have an age between 25 years to 60 years
  • Salaried individuals should have at least 1 year of work experience and a minimum salary of Rs. 23,000/- per month
  • The loan is applicable only for private cars
  • The car’s age shouldn’t be more than 10 years at the time of loan completion
  • Car should not have more than 3 previous owners

Documents Needed

Used Car Finance from Bajaj Finserv requires only minimal documentation.

  • KYC documents

  • Bank statements of the last 3 months

  • Income proof: Salaried individuals - Salary slips of the last 3 months

  • Self-employed individuals - Income Tax Returns of the last 2 years

Fees & Charges

Types of Fees Charges Applicable
Processing fee Upto 4% plus applicable taxes
Stamp duty at actuals
Documentation charges (Recently Updated) Rs. 1770 (Inclusive of applicable taxes)
Loan re-booking Rs. 1000 (Inclusive of applicable taxes)
Loan cancellation charges (Recently Updated) Rs. 2360 (Inclusive of applicable taxes)
Bouncing charges (Recently Updated) Rs. 2000 (Inclusive of applicable taxes)
Penal Interest 2% per month
Legal, repossesion and incidental charges at actuals
NDC for interstate transfer Rs. 1000 Plus applicable taxes
NDC to convert from private to commercial Rs. 3000 Plus applicable taxes
Foreclosure charges 4% + applicable taxes
Part payment charges 4% + applicable taxes
Duplicate NDC Rs. 500(Inclusive of taxes)
Mandate Rejection Charge

Newly Introduced

Rs. 450/- (Inclusive of taxes) will be applicable if new mandate form is not registered within 30 days from the date of rejection of previous mandate form by Customer’s Bank for any reasons whatsoever.

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