Used car loan in Ahmedabad

Read our detailed guide to learn about the features, eligibility criteria, and application process of our used car loan in Ahmedabad.
Used car loan in Ahmedabad
5 min read
14 February 2024

Ahmedabad, the vibrant city on the banks of the Sabarmati River, is a dynamic blend of culture, history, and modernity. In this bustling metropolis, owning a car is essential for navigating the city's busy streets and urban landscape. For many, purchasing a second-hand car is an affordable solution. With the availability of a used car loan in Ahmedabad, owning your dream vehicle becomes an accessible reality, without the burden of large upfront payments. Bajaj Finance provides a used car loan in Ahmedabad that come with a host of benefits, ensuring an easy and quick process to help you own your car.

With the Bajaj Finserv Used Car Loan, you can also benefit from pre-approved offers that will fast-track your financing process. Check if you are eligible for a pre-approved used car loan offer and speed up your used car purchase in Ahmedabad.

Read on to know more about the features of the used car loan offered by Bajaj Finance and how you can apply for one.

Features of Bajaj Finserv Used Car Loan

The Bajaj Finserv Used Car Loan offers a wide range of benefits that make it an attractive choice for those looking to finance their second-hand car purchase:

  • Considerable financing: Benefit from asset-based financing that provides up to 115% of the vehicle’s value at competitive interest rates.
  • High-value loan amount: With loan amounts up to Rs. 1.02 crore, you have the flexibility to buy a used car that fits your needs and budget without worrying about draining your savings.
  • Quick disbursement: Once approved, your loan is disbursed in just 48 hours*, ensuring that you can bring home your desired vehicle without any delays.
  • Flexible repayment tenure: Choose a repayment period of up to 84 months, allowing you to manage your expenses comfortably by spreading the cost of your car.
  • Flexi Loan variant: Our Flexi Loan option allows you to withdraw funds multiple times and make partial prepayments at no extra cost, offering added flexibility.

Eligibility criteria for used car loan in Ahmedabad

Getting a used car loan in Ahmedabad from Bajaj Finance is easy, thanks to our simple eligibility criteria. To qualify, you need to meet these basic requirements:

For Salaried Individuals:

  • Nationality: Indian
  • Age: 18 to 80 years*
  • CIBIL Score: 700 or higher
  • Minimum Salary: Rs. 20,000 per month
  • Work Experience: At least 1 year

Additional read: How to calculate your used car loan eligibility

For Self-employed Individuals:

  • Nationality: Indian
  • Age: 18 to 80 years*
  • CIBIL Score: 700 or higher
  • Income Proof: ITR for the last 2 years

*The higher age limit applies at the time of loan maturity.

Once you meet these basic parameters, you will need to submit the required documents, including, PAN card, KYC documents, bank statements, salary slips or ITR proofs (for self-employed individuals) and more.

It is simple to calculate your loan eligibility and find out how much you can borrow. Check your used car loan eligibility now and move closer to owning your desired used car.

Used car loan interest rates in Ahmedabad

Interest rates for a used car loan in Ahmedabad vary depending on factors like credit score, loan amount, and repayment tenure. Bajaj Finance offers competitive used car loan interest rates that make your borrowing experience more affordable. You can also calculate your EMI in advance using our used car loan EMI calculator, helping you plan your finances better.

How to apply for a used car loan in Ahmedabad

Applying for a used car loan in Ahmedabad is quick and straightforward with Bajaj Finance. Simply follow these easy steps:

  1. Visit the used car loan page and click the ‘APPLY’ button.
  2. Enter your mobile number and verify it with an OTP.
  3. Fill in your personal details, such as full name, mobile number, and email ID.
  4. Enter the details of your chosen car.
  5. Verify or update your KYC details, then proceed to schedule an appointment for further verification.
  6. Submit your application, and our representative will assist you through the next steps.

In Ahmedabad, where tradition and modernity meet, owning a car is essential for navigating the city's busy streets. Bajaj Finserv Used Car Loan provides a convenient and affordable way to finance your second-hand car purchase. With quick disbursal, high-value loans, and flexible repayment options, securing your dream vehicle has never been easier.

Check your pre-approved used car loan offer in Ahmedabad today and make your car ownership dreams a reality.

*Terms and conditions apply

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Frequently asked questions 

How much used car loan can I get in Ahmedabad?

Looking to finance a used car? With Bajaj Finance, you can secure a high-value loan of up to Rs. 1.02 crore, making it easier to drive home the car you want—without worrying about budget limitations. The final loan amount depends on your eligibility, so why wait? Check your used car loan eligibility now in just a few clicks.

What is the interest rate for second-hand car loans in Ahmedabad?

Interest rates for used car loans might vary from lender to lender. Bajaj Finance offers used car loans that come with competitive interest rates starting at 10%.

What is the CIBIL Score required to get a used car loan in Ahmedabad?

To secure a Bajaj Finserv Used Car Loan, you will need a CIBIL Score of at least 700. Other key factors, including your monthly income, the age of the car, and more, also play a role in determining your eligibility.

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Bajaj Finserv app for all your financial needs and goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-qualified limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

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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.