Faridabad is a vibrant city with a unique mix of industrial and tourist attractions. Faridabad, located in the NCR region and adjoining Delhi, has quickly grown into a major business travel and investment destination. However, the city also has a variety of outdoor activities, historic landmarks, and cultural events that draw leisure tourists.
Used car loans in Faridabad
Owning a car is a necessity for personal transportation, especially in bustling cities like Faridabad. However, buying a brand-new car may not be an option for everyone. As a result, many people in the city now prefer to drive old cars. Financial organisations and banks in Faridabad offer used car loans to meet a variety of demands and preferences. Bajaj Finance, one of the leading NBFCs offer 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 Loans.
Features and benefits of used car loan in Faridabad
Used car loans come with several benefits, including the following:
- High-value finance
Benefit from asset-based financing with our used car loans. You can receive up to 115% of the car’s value as a loan amount. Competitive interest rates make it an affordable option to acquire a personal vehicle. - Loan up to Rs. 1.02 crore
Buy the car of your choice with a high-value loan of up to Rs. 1.02 crore. - Funds in 48 hours*
Receive the funds to buy a used car in just 48 hours* of approval and bring home the car of your choice effortlessly. - Convenient repayment options
You can choose a flexible repayment tenure of up to 84 months. - Doorstep assistance
Enjoy the convenience of doorstep assistance. Submit your documents to our representative from the comfort of your home. - Flexi Loan variants
Choose from Flexi Loan variants with our used car loans. These unique loan variants come with features such as multiple fund withdrawals and part-prepayment at no extra cost.
Additional read: Top four benefits of a pre-owned car loan
Eligibility criteria for a used car loan in Faridabad
Get access to Bajaj Finserv Used Car Loans with simple eligibility criteria and minimal documentation.
To avail of a used car loan in Faridabad, you must fulfil the following eligibility criteria:
- You should be an Indian citizen with age between 18 to 80*.
- For salaried individuals, the minimum work experience required is at least 1 year, with a minimum monthly income of Rs. 20,000. For self-employed individuals, the applicant must submit an ITR proof of the last 2 years.
- You should have a CIBIL Score of 700 or higher.
Additional read: Factors that affect your used car loan eligibility
Used car loan interest rates in Faridabad
The interest rates for a used car loan in Faridabad may vary among lenders. However, Bajaj Finance provides used car loans at competitive interest rates. Look at our fees and charges page to learn more about used car loan interest rates in Faridabad.
How to apply for used car loans in Faridabad
The application process for a used car loan from Bajaj Finance is simple and straightforward. Go through the following steps to apply for a used car loan:
Visit the used car loan page and select the 'APPLY' button.
Enter your 10-digit mobile number and verify it through the OTP received.
Fill in your personal details, including full name, mobile number, email ID, and more.
Provide the car details, in case you have found the car of your choice.
Confirm or update your KYC information and proceed to fix an appointment for additional verification.
Our dedicated representative will contact you to assist you with the further steps and ensure a seamless application process. Used car loans in Faridabad are an affordable and convenient option for acquiring a personal vehicle. With competitive interest rates, high-value finance, and convenient repayment options, Bajaj Finserv Used Car Loans make it easy to purchase a car.
