Used car loan app: All you need to know

Know the features of the Bajaj Finserv app and how you can apply for a used car loan using our app.
Used car loan app: All you need to know
3 min
13 April-2024

In the fast-paced digital landscape of today, obtaining a used car loan has become increasingly convenient due to the increase in various loan applications. One such app that makes used car loan borrowing convenient is the Bajaj Finserv mobile app.

In this article, we will explore the features and benefits of the Bajaj Finserv app and how it simplifies the used car loan application.

Benefits of used car loan app

  1. Accessible anytime, anywhere
    Unlike traditional brick-and-mortar banks that follow fixed working hours, loan apps are available 24/7 and you can use them at your convenience.
  2. Effortless online application
    With a user-friendly interface, it is easier to apply for a used car loan. You can apply for a loan in just a few taps, saving you time and effort.
  3. Minimal paperwork
    Applying for a used car loan through apps eliminates the process of branch visits and lengthy paperwork.
  4. Quick approval
    Harnessing technology, loan apps provide rapid approvals, eliminating lengthy paperwork and verifications of traditional loan procedures.

How to apply for a used car loan using the Bajaj Finserv app

Here is the step-by-step guide to applying for a used car loan using the Bajaj Finserv app.

Step 1: Download the Bajaj Finserv app

Visit the Play Store or the App Store on your mobile and download the Bajaj Finserv app.

Step 2: Activate your app

After installing the app, enter your mobile number to log in and activate your app.

Step 3: Go to the used car loan section

Click on the loans option on the home screen of the app and then select a used car loan from the available options.

Step 4: Fill in your personal details

Fill in your personal details such as name, PAN card and more. You can also select the loan amount you wish to apply for. You can evaluate your EMI amount beforehand using our used car loan EMI calculator. This will help you make an informed choice and choose the amount as per your financial situation.

Step 5: Enter details of the vehicle

If you have selected your vehicle, you will be asked to share its details.

Step 6: KYC verification

Verify or update your KYC details and proceed to schedule an appointment for further verification.

Our representative will reach out to you to guide you on further steps.

Start your application now by downloading the Bajaj Finserv app

Loan apps signify a transformation in the lending landscape, prioritising speed, and convenience. While unquestionably advantageous, borrowers must exercise caution and opt for reputable platforms to guarantee a smooth and responsible borrowing journey in the digital age.

Download the Bajaj Finserv app now

*Terms and conditions apply

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.

Frequently asked questions

What fees are associated with used car loans?

When you apply for used car loans, a processing fee is charged on it. Visit our fees and charges for used car loan page to know more about the used car loan-associated charges.

What happens after I submit my used car loan application through an app?
Whether you choose to apply for a used car loan from the Bajaj Finance website or the app, we verify your application details and based on the eligibility parameters and documentation, your loan gets approved.