Nestled in the heart of Uttar Pradesh, Jhansi, a city with a rich historical tapestry, is witnessing a notable shift in its transportation landscape. Known for the legendary tales of Rani Lakshmibai, Jhansi is now embracing the growing popularity of used cars. As the city grows, the demand for pre-owned vehicles is on the rise. This increase in demand reflects a desire for affordable and convenient personal transportation.
Used car loans in Jhansi
To cater to the increased demand for used cars in Jhansi, financial institutions have introduced specialised used car loans. These financial products are designed to empower Jhansi's residents by providing them with the necessary financial support to turn their dreams of owning a vehicle into reality. Bajaj Finance, one of the leading NBFCs, provides used car loans that come with simple eligibility criteria and minimal documents. Read on to learn more about the features of our used car loans.
Features and benefits of used car loans in Jhansi
Asset-based financing
With our asset-based financing, you can obtain funds up to 115% of the car's worth at reasonable interest rates.
Swift disbursal facility
Our quick disbursal facility ensures that you receive the required funds within 48 hours* of approval. This expedited process enables you to bring your dream car home promptly, eliminating unnecessary delays in your cherished journey.
High-value loan
With Bajaj Finserv Used Car Loan, access funds up to Rs. 1.02 crore. This significant loan amount allows you to choose the used car that perfectly aligns with your preferences and requirements without any budget constraints.
Long repayment tenure
Efficiently manage your loan repayments with long repayment tenure of up to 84 months. This extended period allows you to convert the cost of your used car into manageable monthly instalments, providing financial flexibility.
Doorstep document collection
Experience the ease of submitting the necessary documents for your used car loan without leaving your home. Our doorstep document collection facility allows you to provide the required paperwork to our representative from the comfort of your own space.
Flexi Loan variants
With our Flexi Loan variants, you can get additional features such as multiple withdrawals and free part-prepayment facility. Withdraw funds when you need them from your Flexi Loan account and part-prepay when you can at no additional cost.
Eligibility criteria for a used car loan in Jhansi
To obtain a used car loan in Jhansi, meeting specific eligibility criteria is essential. These criteria include factors such as age, credit score, and income prerequisites. Bajaj Finance offers used car loans with straightforward eligibility requirements, allowing you to qualify for a high-value loan by fulfilling these fundamental 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 Jhansi
Interest rates on used car loans in Jhansi can vary between different lenders. Bajaj Finance stands out by offering competitive interest rates and flexible repayment options with its used car loans. For detailed information on our interest rates, you can visit our fees and charges page.
How to apply for a used car loan in Jhansi
Securing a used car loan through Bajaj Finance is a simple and user-friendly process. You can follow these easy steps and complete your online application.
- Visit our dedicated used car loan page and click on the 'APPLY' button.
- Enter your mobile number and verify your details with OTP verification.
- Share basic details such as your full name, email address, and other required information.
- If you have already selected a car, you can enter its details.
- Review and update your KYC information as needed. You also have the option to schedule a convenient time for additional verification.
Once the application form is submitted, our representative will promptly contact you to guide you through the remaining steps. With competitive interest rates and flexible repayment options, Bajaj Finance ensures a seamless and convenient borrowing experience.
