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 high-value used car loans that come 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 loans 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 loans, 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:
- Click on the ‘APPLY’ button on this page.
- Enter your 10-digit mobile number and verify it with the OTP sent to your phone.
- Fill out the form with your personal details, such as your name, mobile number, email ID, and income information.
- If you’ve already selected a car, enter its details in the application form.
- Verify or update your KYC details before proceeding.
- 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 used 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.
