In Guwahati, having access to a reliable mode of transportation is essential for navigating its vibrant streets and diverse landscapes. While owning a car offers convenience and independence, financing the purchase can pose a challenge especially a new one. In such a case, you can opt for used cars as they are cheaper alternatives. If you are looking to finance your used car purchase, you can opt for used car loans.
A used car loan in Guwahati provides a feasible solution to fulfil your vehicle ownership dreams without straining your finances.
Securing used car finance in Guwahati is a straightforward process. Leading financial institutions provide streamlined processes and minimal documentation requirements for obtaining these loans.
Bajaj Finance, a well-known Non-Banking Financial Company (NBFC), offers used car loans with simple eligibility criteria and a hassle-free process. With Bajaj Finance, applying for a used car loan is effortless thanks to our user-friendly online application process.
Read further to explore the features of used car loans, their eligibility criteria, and the application process in detail.
Features and benefits of used car loans in Guwahati
- Quick disbursal facility
Get the funds that you need within 48 hours* of approval and bring home your dream car without any delay. - Substantial loan amount
With Bajaj Finserv Used Car Loan, you can get funds up to Rs. 1.02 crore. - Flexible tenures
Repayment is easy with our flexible tenure options. Repay your used car loan with ease over a period of up to 84 months. - Doorstep assistance facility
Choose a doorstep document collection facility for easy submission. Submit the required documents to our representative from the comfort of your home. - Flexi Loan variants
Bajaj Finserv Used Car Loan comes with a unique Flexi facility. Withdraw funds as many times as you want from your approved limit and part-prepay your loan at no additional cost.
Eligibility criteria and required documents for used car loan in Guwahati
Bajaj Finance simplifies used car loan borrowing with simple eligibility criteria. Just fulfil these basic parameters.
Nationality: Indian
Age: 18 to 80*
CIBIL Score: 700 or higher
For salaried: Individuals should have at least 1 year of experience and a minimum monthly salary of Rs. Rs. 20,000.
For self-employed: Applicant must submit an ITR proof of the last 2 years.
*Higher age limit is applicable at the time of loan maturity.
Apart from fulfilling these basic parameters, you have to submit a few documents to complete your loan application. These include PAN card, KYC documents, bank statements, salary slips and more.
Used car loan interest rates in Guwahati
Used car loan interest rates may vary from lender to lender. Usually, these rates are influenced by factors such as the borrower's creditworthiness, the loan amount, and the chosen repayment tenure. To ensure you obtain the most favourable terms, it is essential to compare rates from different lenders. Bajaj Finserv Used Car Loan offers funds at competitive interest rates. For more details on interest rates and other charges, you can visit our used car finance fees and charges page.
Using online tools like EMI calculators can greatly assist you in evaluating your monthly instalments in advance. This will enable you to make informed decisions that align with your financial capacity. Our user-friendly used car loan EMI calculator simplifies the process, providing instant and error-free results with just a few clicks. By inputting basic details such as the principal amount, interest rate, and repayment tenure, you can accurately assess your instalment amount before making any commitments.
How to apply for a used car loan in Guwahati
Availing of a used car loan in Guwahati is a straightforward process. Here is a step-by-step guide to applying online:
- Go to our dedicated used car loan page and click on the 'APPLY' button to open the application form.
- Enter your mobile number and complete the verification process by entering the OTP sent to your mobile number.
- You will be asked to fill in the application form with your personal details. These include your full name, mobile number, and other necessary information.
- If you have already selected a car, you will asked to provide the specific details of the vehicle.
- Check and verify your KYC details and if needed make the necessary edits before proceeding.
- You can schedule an appointment for additional verification if required or proceed to submit the form.
After the submission of the form, our representatives will connect with you to guide you through the next steps of the process.
In conclusion, a used car loan in Guwahati offers a convenient financing solution for individuals seeking vehicle ownership. With quick approval and flexible repayment options, it is the ideal solution to fulfil your car ownership aspirations. Evaluate your financial situation, compare loan offers, and select the best option for your needs.
