Used Car Loans in Banswara

Know more about the features, eligibility criteria and application process of Bajaj Finserv Used Car Loans.
Used Car Loans in Banswara
3 min
17-February-2024

Banswara, located in southern Rajasthan, is a town known for its scenic beauty, tribal culture, and steadily developing infrastructure. Often referred to as the “City of Hundred Islands” because of the Mahi River’s many backwaters, Banswara is now witnessing growth in education, commerce, and connectivity. In a place where public transport may not cover every route or need, owning a personal vehicle has become essential for daily travel.

While the cost of buying a new car can be a hurdle for many, a pre-owned car presents an affordable and practical alternative. Whether you're a salaried employee, a small business owner, or a professional in the region, used cars make mobility more accessible. To help you buy a second-hand car without financial strain, Bajaj Finance offers a convenient used car loan in Banswara — with fast approvals, flexible repayment, and minimal paperwork.

Check your pre-approved used car loan offer today and take the first step toward owning a used car in Banswara. Enter your mobile number and verify it with an OTP to view your customised offer.

Features and benefits of used car loan in Banswara

A Bajaj Finserv Used Car Loan gives you access to easy financing with multiple advantages tailored to your convenience:

  • Quick disbursal
    After your loan is approved, the funds are disbursed within 48 hours*, allowing you to complete your car purchase without unnecessary delays.
  • Loan up to 115%
    Get funding of up to 115%, which lets you choose from a wide variety of quality second-hand cars available in the market.
  • Flexible repayment tenure
    Repay the loan over a convenient period of up to 84 months, with EMIs that align with your monthly income.
  • Doorstep documentation support
    Submit your documents from the comfort of your home. Our representative will collect them at a time that suits you.
  • 100% online process
    From checking eligibility to submitting documents, the entire process can be completed online — fast, paperless, and user-friendly.

Pro tip: Use the used car loan EMI calculator to estimate your monthly outgo in advance and choose the best tenure and loan amount accordingly.

Eligibility criteria for a used car loan in Banswara

To be eligible for a Bajaj Finserv Used Car Loan in Banswara, you need to meet the following basic requirements:

  • Nationality: Indian citizen
  • Age: 18 to 80 years*
  • CIBIL Score: 700 or higher

For salaried individuals:

  • Individuals should have at least 1 year of experience and a minimum monthly salary of Rs. Rs. 20,000.

For self-employed individual:

  • Applicant must submit an ITR proof of the last 2 years.

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

Keep documents such as your PAN card, address proof, bank statements, and either salary slips or ITRs ready to ensure faster verification.

Check your used car loan eligibility in just a few clicks to know how much you can borrow — without uploading documents initially.

Additional read: Other benefits of choosing used car finance

Used car loan interest rates in Banswara

Bajaj Finance offers competitive interest rates for used car loans in Banswara, making vehicle ownership affordable for more people. Your exact rate will depend on factors like your credit score, monthly income, and the tenure you choose.

With transparent charges and no hidden fees, you can plan your finances confidently and manage EMIs without strain.

How to apply for a used car loan in Banswara

You can apply for a Bajaj Finserv Used Car Loan online by following these simple steps:

  1. Go to the used car loan page and click on ‘APPLY’.
  2. Enter your mobile number and verify it using the OTP.
  3. Fill in personal and employment details like income, city, and occupation.
  4. Add details of the used car you wish to finance (if already selected).
  5. Upload or verify your KYC documents digitally.
  6. Schedule a document collection or a verification call as needed.

Once verified, your loan will be processed quickly, and the funds will be disbursed so you can finalise your car purchase.

From daily commutes to family outings or even business trips across Rajasthan, owning a car in Banswara offers freedom, safety, and convenience. Bajaj Finserv Used Car Loan is designed to make your purchase journey smooth, with easy application, flexible repayment, and prompt disbursal.

Check your pre-approved used car loan offer in Banswara today and make your dream of owning a car a reality — without the burden of a large upfront payment.

Disclaimer

While care is taken to update the information, products, and services included in or available on our application, website and related platforms, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions.

*Terms and conditions apply

Frequently asked questions 

How much-used car loan can I get in Banswara?

With a used car loan from Bajaj Finance, you can borrow up to Rs. 1.02 crore. This can help you buy the car you want without stretching your budget too much. The exact loan amount, however, will be based on your eligibility. You can check your used car loan eligibility in just a few clicks and find out how much you can borrow.

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

Bajaj Finance offers used car loans at competitive interest rates, starting from 10% p.a.

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

To get a used car loan from Bajaj Finance in Banswara, you’ll need a CIBIL Score of at least 700. The application process is easy, with simple requirements and minimal paperwor