Nestled in the heart of Rajasthan, Bikaner is a city that resonates with a rich cultural heritage, historical landmarks, and a vibrant spirit. As the city evolves, so do the aspirations of its residents. One noticeable trend in Bikaner is the growing popularity of used cars, a phenomenon that reflects the changing preferences of the urban populace. The desire for personal mobility, coupled with the affordability and variety offered by pre-owned vehicles, has led to a surge in the demand for used cars.
Used car loans in Bikaner
To support the growing appetite for used cars in Bikaner, financial institutions and lenders have introduced specialised used car loan products. These loans act as a catalyst, turning the dream of owning a personal vehicle into a tangible reality for the city's residents. Bajaj Finance, one of the leading NBFCs, offers used car loans that come with a quick disbursal facility and minimal documentation. Read on to learn more about the features and benefits of our used car loans.
Features and benefits of used car loans in Bikaner
Asset-based financing
With our asset-based financing, you can get funds up to 115% of the car’s value at competitive interest rates.
Quick disbursal facility
Our swift disbursal facility ensures that you get the necessary funds within 48 hours* of approval. This prompt process allows you to bring home your dream car without any delay.
High-value loan
Get funds up toRs. 1.02 crore with Bajaj Finserv Used Car Loan. This significant loan amount allows you to acquire the used car of your choice, aligning perfectly with your preferences and requirements.
Long repayment tenure
Effortlessly handle your finances with an extended repayment tenure of up to 84 months. This prolonged tenure enables you to spread the cost of your used car into small monthly instalments, offering enhanced financial flexibility.
Doorstep document collection
Enjoy the ease of doorstep document collection, where our representatives will gather the necessary documents right at your doorstep. This simplified process adds an additional layer of convenience to your loan application.
Flexi Loan variants
Choose our unique Flexi Loan variants for added flexibility. Experience the flexibility to withdraw funds as necessary and make partial prepayments without incurring any additional costs.
Eligibility criteria for used car loans in Bikaner
To avail of a used car loan in Bikaner, you need to meet certain eligibility criteria, including age, credit score, and income requirements. With Bajaj Finserv Used Car Loan, you can get a high-value 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. 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 Bikaner
Used car loan interest rates in Bikaner may differ across various lenders. Bajaj Finance provides competitive rates for used car finance. For a thorough understanding of our interest rates on used car loans, kindly go to our fees and charges page, where you can find detailed information.
How to apply for a used car loan in Bikaner
Used car loans in Bikaner come with a simple and straightforward process. If you are applying for a used car loan from Bajaj Finance, you can follow these easy steps.
- Visit our dedicated used car loan page and click on the 'APPLY' button.
- Input your 10-digit phone number and complete the verification process using the OTP received.
- Provide your essential details, including your full name, email address, and other required information as prompted.
- Include relevant information about the specific car you have chosen.
- Review and update your KYC information as necessary, and select a convenient time for any additional verification that may be required.
Upon submitting the application form, our representative will promptly get in touch with you to guide you through the remaining steps. With competitive interest rates, flexible repayment options, and a hassle-free application process, Bajaj Finance makes the borrowing experience convenient.
