Nestled in the heart of Punjab, Kapurthala is a city steeped in history and culture. Known for its royal heritage and architectural marvels, the city boasts a unique blend of modernity and tradition. As the city continues to grow and evolve, so do the aspirations of its residents. One noticeable trend in Kapurthala is the increasing popularity of used cars. Many residents are opting for pre-owned vehicles due to their cost-effectiveness and ability to fulfil their transportation needs. In this dynamic environment, the availability of used car loans has played a crucial role in helping individuals turn their automotive dreams into reality.
Used car loans in Kapurthala
The growing popularity of used cars in Kapurthala can be attributed to various factors. The cost savings associated with purchasing a used vehicle, along with the rapid depreciation of new cars, make used cars an attractive option. Additionally, the wide variety of pre-owned vehicles available in the market allows buyers to choose from different makes, models, and price ranges. Financial institutions in Kapurthala understand the evolving needs of the residents and have introduced specialised used car loan products to facilitate the purchase of pre-owned vehicles. 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 the features and benefits of Bajaj Finserv Used Car Loans.
Features and benefits of used car loans in Kapurthala
Asset-based financing
Get asset-based financing with Bajaj Finserv Used Car Loan and secure a loan amount of up to 115% of the car's value.
Quick disbursal facility
Take advantage of our expedited disbursal process and receive the necessary funds within 48 hours* of approval.
Substantial loan amount
Get a high-value loan amount of up to Rs. 1.02 crore with Bajaj Finserv Used Car Loan and finance your used car purchase with ease.
Extended repayment tenure
Ease the burden of repayment by spreading your used car loan across manageable monthly instalments, extending up to 84 months.
Document collection facility
Utilise our doorstep document collection service and submit the required paperwork to our representative from the comfort of your home.
Flexi Loan variants
Opt for our unique Flexi facility for added convenience. Withdraw funds as needed from the sanctioned limit and make part-prepayments without incurring extra costs.
Eligibility criteria for used car loans in Kapurthala
Obtaining a used car loan in Kapurthala necessitates meeting specific eligibility criteria, encompassing elements like age, credit score, and monthly income. Bajaj Finance streamlines this process by offering used car loans with simple eligibility requirements. This simplification ensures that obtaining approval for a substantial loan becomes a hassle-free process by meeting 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 Kapurthala
While interest rates can vary across lenders, Bajaj Finance stands out by offering competitive rates and flexible repayment plans to make your dream car a reality. You can go to our fees and charges page to learn more about our used car loan interest rates.
How to apply for a used car loan in Kapurthala
Securing a used car loan from Bajaj Finance is a straightforward and user-friendly procedure. Here is a simple guide for a hassle-free online application:
- Navigate to the used car loan page and click on the 'APPLY' button.
- Input your mobile number and complete the OTP authentication to verify your details.
- Complete the application form with your personal information, including full name, email address, and other necessary details.
- If you have already chosen a car, you will be asked to provide its details.
- Verify your KYC information. If any modifications are necessary, you also have the option to update your KYC details. Moreover, you can schedule a convenient time for additional verification.
Following the submission of your application form, a representative from Bajaj Finance will promptly reach out to you, guiding you through the next steps. With our hassle-free application process and minimal documentation, Bajaj Finance provides a smooth and efficient borrowing experience tailored for your convenience.
