In Chennai, a city that blends the old with the new, owning a car is not just a convenience; it’s a necessity. With its growing population, rapidly expanding infrastructure, and busy lifestyle, having a reliable vehicle can significantly improve your day-to-day life. While new cars come with a hefty price tag, a used car offers an affordable option without compromising on quality.
Get used car loan in Chennai from Bajaj Finance
If you’re in Chennai and considering buying a pre-owned vehicle, a used car loan could be the ideal solution. Bajaj Finance offers a used car loan in Chennai that makes car ownership more accessible, with easy approval and fast disbursal. You might also have a pre-approved loan offer that will fast track your loan process.
Check your used car loan pre-approved offer in Chennai – it’s simple and quick with just your phone number and OTP. No need to visit any branch.
Read on to find out how you can finance your pre-owned vehicle purchase with Bajaj Finance and enjoy the benefits of a hassle-free loan process.
Features and benefits of second-hand car finance in Chennai
Bajaj Finance offers used car loans in Chennai with a host of benefits, making the entire process smooth and customer-friendly:
- High-value finance: Get financing up to 115% of the vehicle's value, ensuring you have enough funds to cover the full cost of your vehicle.
- Fast disbursal in 48 hours* of approval: Benefit from the quick disbursal facility, the funds will be credited to your account within 48 hours of loan approval, so you can purchase your dream car without unnecessary delays.
- Loan amount up to Rs. 1.02 crore: Whether you are eyeing an economy car or a high-end vehicle, you can secure up to Rs. 1.02 crore with Bajaj Finserv, making it easier to fund your car purchase.
- Flexible tenures: Choose a repayment tenure of up to 84 months, which gives you the flexibility to manage your loan repayments according to your financial situation.
- Doorstep assistance: Avoid the hassle of branch visits. You can conveniently submit your documents through the doorstep assistance facility.
- Flexi Loan variants
Our unique Flexi Loan variants allow you to withdraw funds as needed, part-prepay your loan at no extra cost, and stay in control of your finances.
Eligibility criteria for a used car loan in Chennai
Securing a used car loan in Chennai from Bajaj Finance is easy, with straightforward eligibility criteria and minimal documentation requirements. Here is what you need to qualify:
Eligibility for salaried individuals:
- Nationality: Indian
- Age: 18 to 80 years*
- CIBIL Score: 700 or higher
- Minimum salary: Rs. 20,000 per month
- Minimum work experience: 1 year
Eligibility for self-employed individuals:
- Nationality: Indian
- Age: 18 to 80 years*
- CIBIL Score: 700 or higher
- Income proof: ITR for the last 2 years
*The higher age limit applies at the time of loan maturity.
Documents required for a used car loan in Chennai
Once you meet these basic eligibility parameters, you will need to submit the required documents, such as, PAN card, KYC documents, bank statements, salary slips or ITR proofs (for self-employed) and more.
Curious about how much you can borrow for a used car? Check your used car loan eligibility in just a few steps and see the amount you qualify for.
Used car loan interest rates in Chennai
Interest rates on used car loans in Chennai can vary depending on the loan amount, tenure, and your credit profile. Bajaj Finance offers competitive interest rates to ensure you get the best deal possible. For more details on interest rates, visit our fees and charges for used car loan page.
To help you make an informed decision, you can use the used car loan EMI calculator on our website to estimate your monthly repayments. Simply input the loan amount, tenure, and interest rate, and you will get an instant EMI result.
How to apply for a used car loan in Chennai
Applying for a used car loan in Chennai is easy and completely online. Follow these simple steps to start your application:
- Visit the Bajaj Finserv used car loan page and click the ‘APPLY’ button.
- Enter your mobile number and complete the OTP verification process.
- Fill out the application form with your personal details such as full name, email address, and income information.
- If you’ve already chosen a car, enter its details.
- Verify or update your KYC details before proceeding.
- Schedule an appointment for further verification or submit your form directly.
After you submit your application, a Bajaj Finance representative will reach out to you to guide you through the next steps.
In Chennai, where modern living meets traditional charm, a used car loan can be the perfect solution for those looking to own a vehicle without breaking the bank. Bajaj Finance offers an easy, fast, and flexible way to finance your second-hand car purchase, with high-value loans, quick disbursal, and minimal documentation.
Check your pre-approved used car loan offer now and start your loan application in just a few clicks.
