Used Car Loan in Faridabad

Read this detailed guide to learn about the features of our used car loan and how to apply for it.
Used Car Loan in Faridabad
5 min read
15 February 2024

Faridabad, a key industrial city in Haryana and part of the Delhi-NCR region, has emerged as a vibrant urban hub for professionals, students, and growing families. With excellent connectivity to Delhi, Noida, and Gurugram through highways and metro lines, personal transportation has become a vital part of daily life here. A car offers not just convenience but freedom — whether it is for commuting to work, managing family responsibilities, or weekend getaways.

Given the rising costs of new vehicles, many residents of Faridabad are turning to second-hand cars as a more economical choice. Pre-owned vehicles are now easily accessible and often come in excellent condition. To make the buying process even simpler, Bajaj Finserv Used Car Loan offers a practical way to finance your vehicle — with high loan amounts, flexible tenures, and quick approvals.

Check your pre-approved used car loan offer today and find out how quickly and easily you can finance a pre-owned car in Faridabad. Just enter your mobile number and verify it with an OTP to get started.

Features and benefits of used car loan in Faridabad

With a Bajaj Finserv Used Car Loan, you enjoy several key benefits that make car ownership more accessible:

  • High-value finance
    Get up to 115% of the car’s value through asset-based financing, helping you cover not just the car cost but also associated expenses like insurance or registration.
  • Quick disbursal facility
    Once your loan is approved, the funds are disbursed within 48 hours*, so you can drive home your chosen car without delay.
  • Loan up to Rs. 1.02 crore
    Finance a wide range of second-hand cars with a high loan amount of up to Rs. 1.02 crore.
  • Long repayment tenures
    Repay your loan comfortably over tenures of up to 84 months, with EMIs that fit your budget.
  • Doorstep assistance
    Submit documents from the comfort of your home with our doorstep document pickup service.

Pro tip: Before applying, use the used car loan EMI calculator to get an estimate of your monthly EMIs and plan your repayment comfortably.

Additional read: Other benefits of choosing used car finance

Eligibility criteria for a used car loan in Faridabad

Meeting the basic eligibility criteria makes it simple to apply for a Bajaj Finserv Used Car Loan in Faridabad:

  • Nationality: Indian citizen
  • Age: 18 to 80 years*
  • CIBIL Score: 700 or higher

For salaried individuals:

  • Individuals should have at least 1 year of experience and a minimum monthly salary of Rs. Rs. 20,000.

For self-employed individual:

  • Applicant must submit an ITR proof of the last 2 years.

*The upper age limit applies at the time of loan maturity.

Check your used car loan eligibility to know how much you can borrow. It is quick, hassle-free, and completely online.

Used car loan interest rates in Faridabad

Interest rates on used car loans in Faridabad are determined by your credit profile, chosen tenure, and the loan amount. Bajaj Finance offers competitive and transparent rates, making it easier to repay your loan without straining your monthly budget.

How to apply for a used car loan in Faridabad

You can apply for a used car loan online in just a few minutes. Here’s how:

  1. Visit the used car loan page and click on ‘APPLY’.
  2. Enter your mobile number and authenticate with the OTP sent to your phone.
  3. Fill in your personal, employment, and financial details.
  4. Enter the used car’s information if you have already chosen one.
  5. Upload or verify your KYC documents online.
  6. Schedule a verification call or home visit for the final step.

A Bajaj Finance representative will guide you through the rest of the process to ensure a seamless experience.

Faridabad’s fast-paced development calls for mobility that is reliable, practical, and affordable. Whether you need a car for your daily office commute or to travel with your family on weekends, a pre-owned vehicle can be a great fit. With Bajaj Finserv Used Car Loan, you do not have to compromise on quality or convenience. Enjoy high-value finance with quick approvals, flexible EMIs and extended repayment options — all in one smooth experience.

Check your pre-approved used car loan offer now and take the first step toward owning your car in Faridabad.

Disclaimer

While care is taken to update the information, products, and services included in or available on our application, website and related platforms, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions.

*Terms and conditions apply

Frequently asked questions

How much-used car loan can I get in Faridabad?

Bajaj Finance offers used car loans of up to Rs. 1.02 crore, making it easier for you to own the car you’ve been planning for. The actual loan amount you qualify for depends on your eligibility. Check your used car loan eligibility online in a few simple steps to know how much you can get.

What is the interest rate for second-hand car loans in Faridabad?

Used car loans from Bajaj Finance come with competitive interest rates, starting at 10% p.a.

What is the CIBIL Score required to get a used car loan in Faridabad?

Getting a used car loan in Faridabad is easy with Bajaj Finance, thanks to flexible criteria and minimal documentation. You’ll need a minimum CIBIL Score of 700 to be eligible for a Bajaj Finserv Used Car Loan.