Nestled in the heart of Jharkhand, Jamshedpur is a vibrant city known for its industrial prowess, lush greenery, and a unique blend of tradition and modernity. As the steel city of India, Jamshedpur has a thriving economy, making it an ideal place for individuals seeking a comfortable and convenient lifestyle.
Used car loans in Jamshedpur
If you are aspiring to own a vehicle without breaking the bank, you can opt for a pre-owned car. Considering it is a big expense, you can choose a used car loan to fund your second-hand car purchase. These financial products cater to those who prefer pre-owned vehicles, providing an avenue to make their dream of owning a car a reality.
Used car loans in Jamshedpur come with a range of features and benefits that make them an attractive option for prospective buyers. These loans typically offer competitive interest rates, flexible repayment terms, and quick processing, ensuring a hassle-free experience for borrowers. Bajaj Finance, one of the leading NBFCs offers used car loans that come with simple eligibility criteria and minimal documents. Read on to learn more about our used car loan features and eligibility criteria.
Features and benefits of used car loans in Jamshedpur
High-value finance
Get asset-based financing up to 115% of the vehicle's worth at reasonable interest rates.
Quick disbursal of funds
After being approved, get the money you require in 48 hours*, so you can easily buy the car of your dreams.
Substantial loan amount
Easy access to a high-value loan up to Rs. 1.02 crore to buy the vehicle of your choice.
Long repayment period
Repay your loan seamlessly into manageable instalments by selecting a long repayment period of up to 84 months.
Doorstep document collection
Utilise our doorstep assistance service and submit your documents to our representative from the comfort of your home.
Flexi Loan facility
Select from the available Flexi Loan options for additional features. Withdraw multiple times as needed, and when possible, make a partial payment at no extra cost.
Additional read: Top four benefits of a pre-owned car loan
Eligibility criteria for a used car loan in Jamshedpur
To qualify for a used car loan in Jamshedpur, you need to meet certain eligibility criteria. Bajaj Finance offers used car loan that comes with simple eligibility criteria and minimal documents. You can qualify for Bajaj Finserv Used Car Loan by meeting 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. 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.
Additional read: Factors that affect your used car loan eligibility
Used car loan interest rates in Jamshedpur
Interest rates on used car loans in Jamshedpur may vary among lenders, and they are influenced by factors like your credit score, income, and loan tenure. Bajaj Finance offers used car loans with competitive interest rates. You can visit our fees and charges pages to learn more about our used car loan interest rates.
How to apply for a used car loan in Jamshedpur
Applying for a used car loan in Jamshedpur is a straightforward process. Most lenders offer online applications, allowing applicants to submit their details and documentation digitally. Bajaj Finance offers used car loans in a hassle-free process. Follow these simple steps to apply for a used car loan in Jamshedpur.
- Go to our used car loan page and click on the 'APPLY' button.
- Enter your 10-digit mobile number and complete verification with the OTP.
- Fill in the application form with your personal details.
- If you have already chosen a car, provide its details during the application.
- Verify or update your KYC details and proceed to schedule an appointment for additional verification.
Once you submit the form, our representative will reach out to you to guide you on further steps. With competitive interest rates and a hassle-free application process, Bajaj Finserv Used Car Loan makes borrowing easy and convenient.
