Cuttack, a city with a rich historical tapestry and cultural heritage, is situated on the banks of the Mahanadi River in the eastern state of Odisha, India. Known for its ancient temples, and bustling markets, Cuttack is experiencing a significant shift in its transportation preferences with the growing popularity of used cars.
Used car loans in Cuttack
Several factors contribute to the popularity of used cars in Cuttack. Affordability tops the list, with pre-owned vehicles offering significant cost savings compared to new models. Additionally, the wider availability of quality used cars, coupled with improved mileage and performance, makes them a compelling choice. Used car loans play a pivotal role in making car ownership a reality for many Cuttack residents. These loans provide financial assistance, enabling individuals and families to purchase their desired vehicle despite upfront cost limitations.
With various lenders offering competitive rates and flexible repayment options, finding the right loan tailored to your needs is easier than ever. Bajaj Finance, one of the leading NBFCs provides used car loans that come with simple eligibility criteria and minimal documents. Read on to know more about the features and benefits of Bajaj Finserv Used Car Loan.
Features and benefits of used car loans in Cuttack
Asset-based financing
Bajaj Finance provides asset-based financing. With Bajaj Finserv Used Car Loan, you can get funds up to 115% of the car's value.
Quick disbursal facility
Get the funds that you need within 48 hours* of approval. Our quick disbursal facility lets you purchase the car of your choice without any delay.
High-value loan
With Bajaj Finserv Used Car Loan, get easy access to a substantial loan amount of up to Rs. 1.02 crore. This high-value loan allows you to fund the purchase of your car without compromising on the budget.
Long repayment tenure
Spread the cost of your vehicle over a period of up to 84 months and manage your loan repayment with ease.
Doorstep document collection
Document submission is easy with our doorstep collection facility. You can submit the required paperwork to our representative from the comfort of your home.
Flexi Loan variants
Choose our unique Flexi facility for additional features. Withdraw funds when you need them from the approved limit and part-prepay when you can at no extra cost.
Eligibility criteria for a used car loan in Cuttack
Obtaining a used car loan in Cuttack demands meeting precise eligibility criteria, encompassing factors such as age, credit score, and monthly income. Bajaj Finance facilitates a straightforward process by offering used car loans with uncomplicated eligibility requirements. This ensures that you can easily qualify for a high-value loan by meeting these essential 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. 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 Cuttack
Interest rates for used car loans in Cuttack can vary among different lenders. Bajaj Finance provides competitive interest rates and flexible repayment options with its used car loans. To gain a detailed understanding of our interest rates, go to our fees and charges page, where comprehensive information is available.
How to apply for a used car loan in Cuttack
Securing a used car loan from Bajaj Finance is a seamless and user-friendly process. Simply follow these steps to complete your online application with us:
- Visit the used car loan page and click on the 'APPLY' button.
- Enter your mobile number and complete the verification using OTP authentication.
- Fill in the application form with your basic details such as your full name, email address, and other required information.
- Enter the details of the car that you have selected for purchase.
- Verify your KYC information. You can also update your KYC details if needed. Additionally, you can also schedule a convenient time for further verification.
Upon submitting the application form, our representative will connect with you to guide you through the remaining steps. With a hassle-free application process and a quick disbursal facility, Bajaj Finance ensures a smooth borrowing experience for you.
