Used car loan in Coimbatore

Read our detailed guide to learn about the features, eligibility criteria, and application process of our used car loan.
Used car loan in Coimbatore
3 min
5 April-2024

In the vibrant city of Coimbatore, known for its booming industries, picturesque landscapes, and bustling streets, owning a car can be a game-changer. However, the cost of a new car can often be a barrier. This is where used cars come in as a cost-effective alternative, providing a practical solution for those seeking affordable transportation. If you are thinking of buying a second-hand vehicle, a used car loan in Coimbatore can be your key to getting the car you want while managing your finances through convenient EMIs.

Bajaj Finance offers a high-value used car loan that comes with simple eligibility and minimal paperwork. Looking for a quick loan? You might have a pre-approved offer waiting for you. Check your pre-approved used car loan offer in just a few clicks and plan your used car purchase accordingly.

Read on to discover the benefits of used car loans provided by Bajaj Finance and how easy it is to apply for one in Coimbatore.

Features and benefits of second hand car loans in Coimbatore

Bajaj Finance offers used car loans in Coimbatore with several advantages that make the borrowing process simple and rewarding:

  • Fast disbursal in 48 hours* of approval: Get your loan amount quickly and bring home your dream car without any unnecessary delays.
  • High-value loan: Bajaj Finance offers loans up to Rs. 1.02 crore, providing the flexibility to choose a vehicle that fits your needs and budget.
  • Flexible tenures: Choose a repayment period of up to 84 monthsand repay your loan comfortably with affordable monthly EMIs.
  • Doorstep assistance: Skip the branch visits! Bajaj Finance offers doorstep assistance to collect your documents and guide you through the loan process from the comfort of your home.
  • Flexi Loan variants: Choose the Flexi Loan option for added flexibility. With this, you can withdraw funds multiple times from your approved limit and even part-prepay your loan without any extra charges.

Eligibility criteria for a used car loan in Coimbatore

Securing a used car loan from Bajaj Finance is easy with our simple eligibility criteria and minimal documentation requirements. Here’s is the list of used car loan eligibility criteria:

Eligibility for salaried individuals:

  • Nationality: Resident 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: Resident 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.

Once you meet these eligibility requirements, you will need to submit documents such as PAN card, KYC documents, Bank statements, salary slips or ITR proof (for self-employed individuals) and more

Calculating your loan eligibility is easy and online. Check your used car loan eligibility in a few simple steps and find out how much you can borrow.

Used car loan interest rates in Coimbatore

Interest rates for used car loan in Coimbatore can vary depending on several factors, such as the loan amount, tenure, and your credit profile. Bajaj Finance offers competitive interest rates for used car loan, ensuring that you get the best deal. o learn more about the applicable interest rates, visit our used car loan fees and charges page. 

To help you plan your finances better, use our used car loan EMI calculator to get an instant estimate of your monthly payments. By entering details such as loan amount, tenure, and interest rate, you can easily calculate your EMI and make an informed decision.

How to apply for a used car loan in Coimbatore

Applying for a used car loan in Coimbatore is quick and easy with online application process. Just follow these simple steps:

  1. Click on the ‘APPLY’ button on this page.
  2. Enter your 10-digit mobile number and verify it with the OTP sent to your phone.
  3. Fill out the form with your personal details, such as your name, mobile number, email ID, and income information.
  4. If you’ve already selected a car, enter its details in the application form.
  5. Verify or update your KYC details before proceeding.
  6. Schedule an appointment for additional verification, if needed, or submit your form directly.

Once you submit the form, a Bajaj Finance representative will get in touch with you to guide you through the next steps.

In Coimbatore, where urban life meets the charm of the countryside, a second hand car loan provides a convenient and affordable way for residents to own a vehicle. Bajaj Finance offers easy-to-apply used car loans with high loan amounts, flexible tenures, and quick disbursal, helping you bring home the car of your choice without any hassle.

Check if you qualify for a pre-approved used car loan offer and apply for your loan today.

Explore used car loan in other locations

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Bajaj Finserv app for all your financial needs and goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-qualified limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

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Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Frequently asked questions

What are the interest rates for used car loans in Coimbatore?

Interest rates may vary among different lenders. Bajaj Finance provides competitive interest rates for used car loans, starting at 10% p.a.

Can I obtain a loan for a second-hand car?
If you are seeking financing for a pre-owned car purchase, you can opt for used car loans. Bajaj Finance offers these loans with straightforward eligibility criteria and minimal document requirements.

What is the maximum loan amount that I can get to purchase a used car?

Looking to finance a used car? With Bajaj Finance, you can secure a high-value loan of up to Rs. 1.02 crore, making it easier to drive home the car you want—without worrying about budget limitations! The final loan amount depends on your eligibility, so why wait? Check your used car loan eligibility now in just a few clicks.

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