Bhopal, the capital city of Madhya Pradesh, is a blend of rich history and modernity. Known for its picturesque lakes, vibrant culture, and historical landmarks.
When it comes to acquiring a vehicle in Bhopal, many opt for used cars, and used car loans play a pivotal role in making this dream a reality. These loans provide financial assistance to individuals seeking to purchase pre-owned vehicles, offering a cost-effective alternative to new car purchases. When considering financing for your pre-owned vehicle, Bajaj Finance provides an excellent option with its used car loans. Our seamless online application process and swift disbursal make obtaining funds easy. Bajaj Finance ensures a hassle-free borrowing experience and presents a range of appealing features with its used car loans, catering to your specific needs and preferences.
Features and benefits of used car loans in Bhopal
- High-value finance
With our asset-based financing solution, you can get funds up to 115% of the car’s value at competitive interest rates. - Quick disbursal facility
Our quick disbursal facility provides you access to funds within 48 hours* of approval. - Loan up to Rs. 1.02 crore
Get a high-value loan of up to Rs. 1.02 crore and bring home your dream car without compromising on the budget. - Flexible tenures
Spread the cost of your car into small monthly instalments and repay them easily over a period of up to 84 months. - Doorstep assistance
You can submit your documents from the comfort of your home by using our doorstep assistance facility. - Flexi Loan variants
Choose Flexi Loan variants and withdraw funds when you need from your approved limit and part-prepay when you can at no additional cost.
Additional read: Other benefits of choosing used car finance
Eligibility criteria for a used car loan in Bhopal
Bajaj Finance offers used car loans that come with straightforward eligibility criteria and minimal documents. You can simply meet these basic criteria to qualify for a used car loan in Bhopal.
- Nationality: Indian
- Age: 18 to 80*
- CIBIL Score: 700 or higher
- For salaried: Individuals should have at least 1 year of experience and a minimum monthly salary of Rs. 20,000.
- For self-employed: Applicant must submit an ITR proof of the last 2 years.
*Higher age limit is applicable at the time of loan maturity.
Additional read: How to calculate your used car loan eligibility
Used car loan interest rates in Bhopal
Used car loan interest rates usually depend on factors such as CIBIL Score, monthly income, and more. Bajaj Finance offers used car loans that come with competitive interest rates. You can visit our fees and charges page to learn more about our used car loan interest rates in Bhopal.
How to apply for a used car loan in Bhopal
Applying for a used car loan in Bhopal with Bajaj Finance is easy with our online application process. Follow these simple steps for a hassle-free process.
- Go to our used car loan page and click on the 'APPLY' button.
- Enter your 10-digit mobile number and complete OTP verification.
- You will be asked to share a few basic details including your full name, mobile number, email ID, and other required information.
- If you have already selected a car, enter its details.
- Confirm or update your KYC details and proceed to schedule an appointment for additional verification.
Our dedicated representative will connect with you to guide you through the remaining steps, ensuring efficiency and ease in the process. Bajaj Finance offers used car loans in Bhopal that come with competitive interest rates and simple eligibility requirements making vehicle ownership affordable and convenient.
