Rs. 1 lakh – Rs. 2.50 crore
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Apply for Used Car Loan - Simple Process
In summary
The Bajaj Finance app gives you a digital route to apply for financing after you have shortlisted an eligible pre-owned car.
- Digital application: Start the Used Car Loan journey from your mobile and provide the required applicant and vehicle information
- Loan amount: Bajaj Finance Used Car Loan offers Rs. 1 lakh to Rs. 2.50 crore, subject to assessment
- Repayment tenure: Choose from 12 months to 84 months, based on the applicable loan offer
- Repayment planning: Compare the expected EMI before selecting how much you want to finance
The app supports the application journey, but eligibility, document verification, repayment capacity, and the selected vehicle still determine the final assessment.
Last updated: September 2026
What can you do through a used car loan app?
A used car loan app lets you start and progress through your financing application without relying only on an offline branch journey.
With the Bajaj Finance app, you can access the Used Car Loan section, enter your details, provide the amount you want to finance, add vehicle information, and complete the applicable Know Your Customer (KYC) and verification steps.
The app is most useful after you have identified the car you want to purchase. At that point, you already know the approximate vehicle price and can make a more meaningful borrowing decision.
Using an app does not change the fundamentals of responsible borrowing. You still need to check the car, understand your repayment commitment, and provide accurate financial and vehicle information.
What are the benefits of applying through the app?
The main benefit is having the application journey available through one digital channel on your phone.
You can use the app to:
- Start the Used Car Loan application
- Enter personal and financing information
- Add details of the selected vehicle
- Complete applicable KYC requirements
- Continue with further verification
- Access repayment-planning tools before borrowing
The digital process also reduces dependence on physical paperwork during the initial application journey. However, required documents and verification do not disappear simply because the application is online.
The channel should therefore be viewed as a way to complete the process digitally, not as a way to bypass eligibility or vehicle checks.
How do you apply for a used car loan through the app?
Once you have shortlisted a used car, reviewed the loan details, and decided how much you need to finance, you can begin the application through the Bajaj Finance app.
If the app is not already installed on your phone, download it for your device:
Bajaj Finance Used Car Loan at a glance
Before starting the application, check whether the financing range and repayment period suit the car you plan to purchase.
With the Bajaj Finance Used Car Loan, you can finance an eligible private car based on your borrowing requirement, repayment capacity, credit profile, and vehicle assessment.
The key loan details are:
| Loan detail | Bajaj Finance Used Car Loan |
| Loan amount | Rs. 1 lakh to Rs. 2.50 crore |
| Maximum financing | Up to 100% of the assessed car value |
| Repayment tenure | 12 months to 84 months |
| Interest rate | 10% to 18.25% p.a. |
| Credit score | CIBIL Score of 650 or higher |
| Vehicle requirement | Eligible private car, subject to vehicle age and ownership conditions |
Last updated: September 2026
The maximum financing available does not mean you need to borrow the maximum amount. Select the principal according to the purchase requirement and the repayment you can manage alongside existing commitments.
If you have already shortlisted a car, you can also check your pre-approved used car loan offer before moving further into the application.
What are the eligibility criteria for a used car loan?
Eligibility depends on your age, income or ITR record, employment profile, credit history, and repayment capacity.
The criteria differ in some areas for salaried and self-employed applicants.
| Criteria | Salaried applicants | Self-employed applicants |
| Nationality | Indian | Indian |
| Age | 21 years to 80 years* | 21 years to 80 years* |
| CIBIL Score | 650 or higher | 650 or higher |
| Income requirement | Minimum Rs. 20,000 per month | ITR for the previous 2 years |
| Experience or income assessment | At least 1 year of work experience | Income assessed through ITR |
*You should be 80 years old or younger at the end of the loan tenure.
Quick definition: A Credit Information Bureau (India) Limited Score (CIBIL Score) is a three-digit number, ranging from 300 to 900, that reflects your credit repayment history. Lenders use it to assess how reliably you have repaid past loans and cards.
Meeting the basic criteria lets you apply but does not guarantee sanction. Existing financial commitments, repayment capacity, income stability, credit history, supporting documents, and the selected vehicle can also affect the assessment.
What documents should you keep ready?
The documents required depend mainly on whether you are salaried or self-employed. Vehicle records are also required because the car forms part of the financing assessment.
For a salaried applicant, keep these records available:
- KYC documents
- PAN card
- Employee ID, where applicable
- Salary slips for the previous 2 months
- Bank statements for the previous 3 months
- Vehicle Registration Certificate
- Vehicle insurance copy
For a self-employed applicant, the applicable records can include:
- KYC documents
- PAN card
- Income Tax Return (ITR) proof for the previous 2 years
- Bank statements for the previous 3 months
- Vehicle Registration Certificate
- Vehicle insurance copy
Additional records can be requested as part of verification. Keeping both your financial documents and the vehicle papers ready prevents you from reaching the verification stage without the required information.
Used car loan journey on Bajaj Finance app
If you have downloaded the Bajaj Finance app, follow these steps:
- Open the eligibility form: Access the Used Car Loan journey and click on ‘CHECK ELIGIBILITY’ to begin.
- Verify your mobile number: Enter your number and confirm it with the one-time password (OTP).
- Fill in your personal details: Add the information requested in the application form.
- Enter your employment and income information: Provide the details needed to assess your repayment profile.
- Add the car details: Share information about the vehicle you plan to finance, where applicable.
- Complete KYC and verification: Submit the required Know Your Customer (KYC) information and complete the applicable checks.
- Submit the application: Review the information and send the application for assessment.
Does applying through the app change your eligibility?
No. Using the app changes the application channel, not the underlying assessment.
Whether you start digitally through the app or another supported online journey, Bajaj Finance still assesses the relevant applicant information, documents, repayment capacity, credit profile, and vehicle details.
The application channel should therefore be chosen for how you prefer to complete the journey. It should not be viewed as a way to obtain different eligibility criteria.
This distinction also matters when comparing offers. Focus on the applicable loan terms, EMI, total repayment, and vehicle suitability rather than assuming that using a particular channel changes the fundamental lending decision.
What should you check before submitting the application?
Review the details in the form carefully before submission because inaccuracies can create avoidable verification issues.
Check that:
- Your name and PAN details match your records
- Your current employment or business information is accurate
- Income details match the supporting documents
- The required bank records are available
- The vehicle information matches its Registration Certificate
- The financing amount reflects what you actually need
- Your mobile number is active for OTP and follow-up communication
Also review the applicable used car loan interest rate and other loan terms before accepting an offer.
A digital application is most useful when the car, documents, and repayment plan have already been checked. That reduces the chance of discovering a fundamental issue only after submitting the form.
What do our customers say about us
Amit Chauhan
Reviewed on 04 Mar 2025
Smooth and transparent used car loan process. The interest rates were competitive, and the documentation was minimal. The team guided me clearly at every step, making my used car purchase simple and stress-free. Highly recommended for quick approvals.
Ashwin Kamble
Reviewed on 24 Feb 2025
Clear guidance, quick approval, and flexible repayment options made buying my used car easier than expected. The team handled everything professionally. Very satisfied and would definitely recommend their used car loan.
Rohit Sharma
Reviewed on 12 Apr 2025
I had a great experience while applying for my used car loan. The process was quick, and the interest rate helped me manage the purchase better. Customer service was helpful throughout. Highly recommended for a smooth used car financing experience.
Ajay Kulkarni
Reviewed on 08 Dec 2024
My used car loan experience was simple and hassle-free. The approval was quick, the repayment options were flexible, and the team explained every step clearly. It helped me buy my preferred used car without financial stress. I would surely recommend it.
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Frequently asked questions
Overview
Using the app
What is a used car loan app?
A used car loan app provides a mobile route for starting and completing parts of a pre-owned car financing application. Through the Bajaj Finance app, you can access the Used Car Loan journey, provide applicant and vehicle information, complete applicable KYC steps, and move through further verification. Loan approval still depends on eligibility, documents, repayment assessment, and the selected vehicle.
Can I apply for a used car loan entirely from my phone?
You can start the Bajaj Finance Used Car Loan journey through the app and provide the required information digitally. The application includes personal, financing, vehicle, and KYC-related steps. Further verification or documentation can still be required depending on your application. A Bajaj Finance representative can assist where additional checks or documents are needed before the loan process is completed.
Does downloading the app guarantee a used car loan?
No. Accessing or submitting an application through the Bajaj Finance app does not guarantee sanction. Your application is assessed using applicable eligibility criteria, credit history, income or ITR information, repayment capacity, supporting documents, and the selected vehicle. The app provides the application channel; it does not replace the lending assessment or vehicle-verification requirements.
What information should I keep ready before using the app?
Keep your PAN, KYC information, employment or business details, income records, bank statements, and relevant vehicle information available. The exact supporting documents depend on whether you are salaried or self-employed. Having the Registration Certificate and insurance copy available also helps because the selected private car needs to meet the applicable vehicle conditions before financing is finalised.
Can I calculate my EMI before applying through the app?
Yes. Estimating the EMI before applying helps you choose the borrowing amount and tenure more deliberately. Use the loan amount, expected interest rate, and tenure to compare monthly repayments. Also check total interest rather than focusing only on the smallest EMI. A longer tenure reduces the monthly instalment when other variables stay unchanged but increases the total interest paid.
Disclaimer
1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.
2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.