Owning a car in Kerala can make your everyday commute and weekend getaways more comfortable and enjoyable. But while new cars may seem out of reach for many due to their price, used cars offer a practical and affordable alternative. Still, buying a second-hand car often means making a large upfront payment — and that is not always easy. This is where a used car loan in Kerala can help you. It allows you to split the cost of your car into manageable EMIs and enjoy ownership without a financial burden.
Bajaj Finance offers high-value used car loans that simplifies your car ownership journey. You might also have a pre-approved offer ready for you. Check your used car loan pre-approved offer in Kerala with just your phone number and OTP and plan your purchase accordingly.
Read on to understand how second-hand car loans offered by Bajaj Finance makes financing your used car simple and stress-free.
Features and benefits of used car loans in Kerala
Bajaj Finance offers second-hand car loans in Kerala with features that make borrowing convenient and flexible. Here are some of the key features of used car loan in Kerala.
- Loan amount up to Rs. 1.02 crore: Choose the car you want, whether it is a compact hatchback or a luxury sedan, with funding up to Rs. 1.02 crore.
- Get funds in 48 hours* of approval: Do not let delays hold you back — once your loan is approved, you can receive funds quickly and move ahead with your car purchase.
- Tenure of up to 84 months: Spread your repayments over a flexible term to keep your EMIs comfortable and in line with your budget.
- Doorstep assistance: Share your documents from the comfort of your home — no need to visit a branch.
- Flexi Loan variants: Withdraw funds as you need from your approved limit, and make part-prepayments anytime without any extra charges.
Eligibility criteria for used car loans in Kerala
Getting a used car loan in Kerala from Bajaj Finance is easy and comes with minimal conditions. Here is what you need to qualify to meet second-hand car loan eligibility criteria:
- Nationality: Indian
- Age: 18 years to 80 years*
- CIBIL Score: 700 or higher
- For salaried individuals:
- Minimum monthly salary: Rs. 20,000
- Minimum work experience: 1 year
- For self-employed individuals:
- Must submit ITR proof for the last 2 years
*Higher age limit is applicable at the time of loan maturity.
Once you meet these basic requirements, you will need to submit documents such as your PAN card, KYC documents, bank statements, and salary slips.
Wondering how much you can borrow for a used car? Find out in just a few simple steps. Check your used car loan eligibility in Kerala today and get one step closer to driving your dream car.
Used car loan interest rates in Kerala
The interest rates on used car loans in Kerala may vary depending on your credit profile, car type, and loan tenure. With the Bajaj Finserv Used Car Loan, you get:
- Competitive rates tailored to your eligibility
- Flexible repayment options
Visit our pre-owned car loan fees and charges page to learn more about used car loan interest rates in Kerala. Want to estimate your EMI beforehand? Use the used car loan EMI calculator on our website. Just enter your desired loan amount, interest rate, and tenure to get an instant and estimated monthly instalment estimate.
How to apply for a used car loan in Kerala
Getting started with your application is quick and fully online. Follow these steps:
- Visit the used car loan page.
- Click on the ‘APPLY’ button to start the application.
- Enter your mobile number and verify it with the OTP.
- Fill in your personal details such as name, income, and occupation.
- If you have already selected a car, enter its details.
- Confirm your KYC details and make edits if needed.
- Submit your form and schedule a convenient time for verification.
Once your application is submitted, our representative will connect with you and assist you through the next steps.
With its lush green surroundings, modern infrastructure, and expanding road network, Kerala is an ideal place to own a car. A used car loan from Bajaj Finance makes it possible for you to enjoy car ownership without the stress of upfront payments. From high loan amounts and flexible tenures to a fully digital experience, everything is designed to keep your journey smooth.
Check your used car loan pre-approved offer online using just your mobile number and OTP – no need to visit a branch. Turn your car ownership dreams into reality with Bajaj Finance today.
