Used Car Finance: Get Instant Loan for Second Hand Car, Pre-Owned Car

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 fitness report

Access a detailed diagnostic report on your new car’s health and make an informed decision.
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.
Great offers

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

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

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

Used Car Finance from Bajaj Finserv requires only minimal documentation.

Types of Fees	Charges Applicable
Processing fee	2% of Loan amount
Stamp duty	at actuals
Documentation charges	Rs. 885
Broken period interest	at actuals
Loan re-booking	Rs. 1000
Loan cancellation charges	Rs. 1000
Bouncing charges	Rs. 1000
Penal charges	2% per month + applicable taxes
Legal, repossesion and incidental charges	at actuals
Agreement copy	Rs. 500
SOA / repayment cchedule	Rs. 200
NOC for interstate transfer	Rs. 1000
NOC to convert from private to commercial	Rs. 3000
Foreclosure charges	4% + applicable taxes
Part payment charges	4% + applicable taxes
Duplicate NOC	Rs. 500