Ludhiana, known as the industrial capital of Punjab, is a city that balances commerce, culture, and convenience. From its thriving textile and manufacturing units to a growing retail and services sector, Ludhiana offers a dynamic environment for professionals, entrepreneurs, and families alike. In such a fast-paced city, having your own vehicle isn’t just a luxury — it’s a daily necessity.
While new cars may be aspirational, they also come with a substantial price tag. This is why many people in Ludhiana prefer buying used cars — a smart alternative that delivers value without compromising on performance. To make this decision even easier, Bajaj Finserv Used Car Loan provides convenient financing options to help you buy a pre-owned vehicle quickly and affordably.
Check your pre-approved used car loan offer and explore the finance options available in Ludhiana. Enter your mobile number and verify with an OTP to unlock your offer.
Features and benefits of used car loan in Ludhiana
A Bajaj Finserv Used Car Loan is designed to make your car-buying journey smoother and more manageable. Here are some of the top features:
- Quick disbursal
Once your application is approved, the loan amount is disbursed within 48 hours*, allowing you to complete your car purchase without delay. - Loan up to 115%
Finance up to 115% of the vehicle’s value, helping you access a wide range of pre-owned cars that suit your needs and budget. - Flexible repayment tenures
Choose a loan tenure of up to 84 months and structure your EMIs in a way that’s easy to manage with your existing expenses. - Doorstep document collection
Enjoy complete convenience with doorstep document pickup by our representatives — no need to visit a branch or submit hard copies manually. - Fully digital process
From checking eligibility to uploading documents, the entire process is online, making it fast and user-friendly.
Pro tip: Use the used car loan EMI calculator to calculate your monthly EMIs in advance. This helps you plan your budget better and choose the right loan tenure.
Eligibility criteria for a used car loan in Ludhiana
Bajaj Finserv makes the eligibility requirements straightforward so you can get started quickly:
- Nationality: Indian citizen
- Age: 18 to 80 years*
- CIBIL Score: 700 or higher
For salaried individuals:
- Individuals should have at least 1 year of experience and a minimum monthly salary of Rs. Rs. 20,000.
For self-employed individual:
Applicant must submit an ITR proof of the last 2 years.
*Note: Maximum age applies at the time of loan maturity.
Once eligible, keep your essential documents handy — PAN card, address proof, income documents (salary slips or ITR), and bank statements — for a smooth verification process.
Check your used car loan eligibility online and instantly know how much you can borrow, without needing to submit any documents upfront.
Additional read: Other benefits of choosing used car finance
Used car loan interest rates in Ludhiana
Interest rates on used car loans in Ludhiana are determined based on your credit score, income profile, and loan tenure. Bajaj Finance offers competitive and transparent interest rates, making your EMIs affordable and manageable.
You can be assured that there are no hidden charges, and you’ll have full visibility into your repayment plan from day one.
How to apply for a used car loan in Ludhiana
- Applying for a Bajaj Finserv Used Car Loan is fast, secure, and fully digital. Here’s how to do it:
- Visit the used car loan section and click on ‘APPLY’.
- Enter your 10-digit mobile number and complete OTP verification.
- Fill in your personal details, including income, job type, and city.
- Add information about the used car you want to purchase (if selected).
- Upload your KYC documents or complete digital verification.
- Schedule a home visit or call with our representative for final verification.
Once the documents are verified and approved, your loan amount will be disbursed quickly, and you can proceed with purchasing your vehicle.
Whether you're commuting between Ferozepur Road and Model Town or taking weekend trips to Amritsar or Chandigarh, owning a car in Ludhiana adds unmatched comfort and flexibility to your lifestyle. With Bajaj Finserv Used Car Loan, financing a second-hand car is no longer a burden — it’s a smart, streamlined process that puts you in the driver’s seat.
Check your pre-approved used car loan offer today and take the next step towards owning a vehicle that suits your needs and budget in Ludhiana.
Know more about our used car loans
