Nestled in the heart of Punjab, Bhatinda stands as one of the oldest cities in India, steeped in rich history and culture. With its vibrant traditions, iconic landmarks, and growing economy, Bhatinda has become a hub of activity in the region. As the city continues to evolve, so do the aspirations of its residents. One notable trend that has gained momentum is the rising popularity of used cars. As more people in Bhatinda seek the convenience and affordability offered by pre-owned vehicles, the demand for used car loans has seen a significant upswing.
Used car loans in Bhatinda
To meet the growing demand for used cars, financial institutions in Bhatinda have stepped up to offer tailored used car loan solutions. These loans cater specifically to individuals looking to purchase pre-owned vehicles, making the dream of owning a car more accessible to a broader spectrum of the population. Bajaj Finance, one of the leading NBFCs provides used car loans that come with simple eligibility criteria and minimal documents. Read on to understand more about the features offered by Bajaj Finserv Used Car Loans.
Features and benefits of used car loans in Bhatinda
Asset-based financing
Secure a loan amount of up to 115% of the car's value at competitive interest rates.
Quick disbursal facility
Our quick disbursal facility ensures that you receive funds within 48 hours* of approval.
Substantial loan amount
Bajaj Finance offers a high-value loan amount of up to Rs. 1.02 crore to help you fund your used car purchase with ease.
Extended repayment tenure
Repay your loan easily into manageable monthly instalments over a period of up to 84 months.
Document collection facility
Our doorstep document collection service allows you to submit the required paperwork to our representative from the comfort of your home.
Flexi Loan variants
Choose our unique Flexi facility for added convenience. Withdraw funds as needed from the sanctioned limit and part-prepay your loan without any additional charges.
Eligibility criteria for used car loans in Bhatinda
To avail of a used car loan in Bhatinda, you need to meet certain eligibility criteria. These criteria may include a minimum age requirement, a stable source of income, and a good credit score. Lenders evaluate these factors to assess the borrower's repayment capacity and creditworthiness. However, Bajaj Finance facilitates this process by providing used car loans with straightforward eligibility requirements. You can qualify for Bajaj Finserv Used Car Loan by meeting these basic parameters.
Nationality: Indian
Age: 18 to 80*
CIBIL Score: 700 or higher
Salaried individuals: Individuals should have at least 1 year of experience and a minimum monthly salary of Rs. Rs. 20,000.
Self-employed individuals: Applicant must submit an ITR proof of the last 2 years.
*Higher age limit is applicable at the time of loan maturity.
Used car loan interest rates in Bhatinda
Although interest rates may differ among various lenders, Bajaj Finance makes the purchase of your desired vehicle easy by providing competitive interest rates and flexible repayment options on its used car loans. For further details on our used car loan interest rates, you can refer to our fees and charges page.
How to apply for used car loans in Bhatinda
Applying for a used car loan in Bhatinda is a straightforward process. Bajaj Finance makes used car loan applications simple by providing a hassle-free online application process. You can follow this step-by-step guide to applying for used car loans with us.
- Visit the used car loan page and click on the 'APPLY' button.
- Enter your mobile number and complete the OTP authentication to verify your details securely.
- Fill out the application form, providing essential personal information such as your full name, email address, and other necessary details.
- If you have already selected a car, you will be required to input its details.
- Verify your KYC information. If any changes are needed, you have the flexibility to update your KYC details. Additionally, you can schedule a convenient time for any further verification that may be necessary.
Upon submission of your application, a representative from Bajaj Finance will promptly get in touch with you, guiding you through the subsequent steps. With our streamlined application process and minimal documentation requirements, Bajaj Finance ensures a smooth and efficient borrowing experience.
