Chennai, the capital of Tamil Nadu, India, is a dynamic coastal city renowned for its rich cultural heritage, bustling markets, and thriving IT industry. With a mix of traditional temples and modern infrastructure, Chennai serves as a hub for art, commerce, and technology. For those looking to purchase a vehicle, securing a used car loan in Chennai has become increasingly popular, as the city’s residents seek affordable options to meet their transportation needs while enjoying the benefits of modern living.
Get used car loan in Chennai from Bajaj Finance
Chennai, a vibrant metropolitan hub in India, has become a focal point for the thriving market of used car loans. The city's burgeoning population, coupled with a robust second-hand car market, has fuelled the demand for financing options.
Financial institutions in Chennai have responded proactively, offering tailored used car loans to cater to the diverse needs of the local populace. As residents seek affordable and reliable transportation solutions, these loans provide a convenient avenue for acquiring pre-owned vehicles.
If you are looking to finance your pre-owned vehicle purchase, choose Bajaj Finserv Used Car Loan for quick financing. With our used car loan in Chennai, you can get the funds in just
48 hours* of approval and purchase your desired vehicle without any delay. Our used car loans come with a host of attractive benefits.
Features and benefits of pre-owned car loan in Chennai
- High-value finance
With our asset-based financing, you can get funds up to 115% of the vehicle's value at competitive used car loan interest rates. - Disbursal in 48 hours*
With our quick disbursal facility, get the funds within just 48 hours* of approval and bring home your dream car without any delay. - Loan up to Rs. 1.02 crore
Get funds up to Rs. 1.02 crore and purchase the car of your choice without compromising on your budget. - Flexible tenures
You can spread the cost of your pre-owned car over a long repayment period of up to 84 months - Doorstep assistance
Avail of doorstep assistance for an easy loan application process and submit your documents to our representative. - Pre-approved offers
If you are our existing customer, check your pre-approved used car loan offer instantly by entering your mobile number and the OTP. - Flexi Loan variants
Choose our unique Flexi Loan variants and get the additional facilities of multiple fund withdrawals and part-prepayment at no extra cost.
Eligibility criteria for a used car loan in Chennai
Bajaj Finance offers used car loans in Chennai that come with simple eligibility criteria and minimal paperwork. If you looking to apply for a used car loan in Chennai from Bajaj Finance, you need to fulfil these basic parameters.
Eligibility criteria for salaried individuals |
Eligibility criteria for self-employed individuals |
Nationality: Resident Indian |
Nationality: Resident Indian |
Age: 18 to 80* |
Age: 18 to 80* |
CIBIL Score: 700 or higher |
CIBIL Score: 700 or higher |
Individuals should have at least 1 year of experience and a minimum monthly salary of Rs. Rs. 20,000. |
Applicant must submit an ITR proof of the last 2 years. |
*Higher age limit is applicable at the time of loan maturity.
Apart from meeting these basic parameters, you also need to submit a few documents. These include PAN card, KYC documents, salary slips, bank account statement and more.
Used car loan interest rate in Chennai
Interest rates for used car loans in Chennai can differ across lenders. Bajaj Finance offers competitive interest rates on used car loans. To learn more about the interest rates and related fees, you can visit our fees and charges page for used car loans.
How to apply for used car loans in Chennai
Bajaj Finance offers used car loans that come with an easy online application process. You can follow these simple steps.
Go to the used car loan page and click on the ‘APPLY’ button.
Enter your 10-digit mobile number and submit the OTP for verification.
Fill in your personal details including your full name, mobile number, email ID, and more.
Enter the details of the car if you have identified the one.
Verify or update your KYC details and proceed to schedule an appointment for further verification.
Our representative will connect with you to guide you on further steps. With our online application process and minimal documentation, borrowing second-hand car finance in Chennai is easy and hassle-free. Fulfil our simple used car loan eligibility criteria and submit the required documents to get a high-value used car loan from Bajaj Finance.
