Madurai, the cultural capital of Tamil Nadu, is a city steeped in heritage yet thriving with modern development. Known for its ancient temples, bustling markets, and expanding urban zones, Madurai is quickly emerging as a growing economic and educational hub. With industries, educational institutions, and healthcare centres spread across the city, the need for reliable personal transportation has become more essential than ever.
Owning a car in Madurai means more than just convenience — it gives you control over your daily schedule and ease of travel between locations like Anna Nagar, KK Nagar, and the outskirts. However, purchasing a new car can be expensive. That’s why many residents opt for pre-owned vehicles, which offer similar utility at a much more affordable cost. To make this process even easier, Bajaj Finance offers used car loans in Madurai with flexible repayment, minimal paperwork, and a 100% digital application process.
Check your pre-approved used car loan offer now and find out how easily you can finance a used car in Madurai. Just enter your mobile number and complete the OTP verification to get started.
Features and benefits of used car loan in Madurai
When you apply for a Bajaj Finserv Used Car Loan in Madurai, you get access to several helpful features designed to make your car buying journey smooth and affordable:
- High-value finance
Get up to 115% of the car’s value through asset-based financing, helping you cover not just the car cost but also associated expenses like insurance or registration. - Quick disbursal
Once approved, the loan amount is disbursed within 48 hours*, so you can proceed with your used car purchase without unnecessary delays. - Loan up to Rs. 1.02 crore
Get a high-value loan of up to Rs. 1.02 crore to buy the second-hand car that fits your needs and lifestyle. - Flexible repayment tenures
Choose a repayment tenure of up to 84 months, allowing you to repay the loan in comfortable, manageable EMIs. - Doorstep documentation support
Submit your documents from the comfort of your home. Our representatives will collect them at a time convenient for you.
Pro-tip:
Use the used car loan EMI calculator to calculate your monthly payments and plan your finances better.
Additional read: Other benefits of choosing used car finance
Eligibility criteria for a used car loan in Madurai
Applying for a used car loan with Bajaj Finserv is easy. Here are the basic eligibility requirements:
- 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.
Required documents include a PAN card, valid address proof, bank statements, and income proof (salary slips or ITRs, depending on employment type).
Check your used car loan eligibility instantly online — no paperwork required upfront.
Used car loan interest rates in Madurai
Bajaj Finance offers competitive used car loan interest rates in Madurai, helping you finance your second-hand car without overburdening your budget. Your final rate depends on your credit profile, income, loan amount, and chosen tenure.
To know the exact interest rate and associated fees, visit our used car loan interest rates and charges page.
How to apply for a used car loan in Madurai
Follow these simple steps to apply for your Bajaj Finserv Used Car Loan online:
- Go to the used car loan page and click ‘APPLY’.
- Enter your mobile number and verify it with the OTP.
- Fill in your personal and employment details, including your income and city.
- Enter the car details (if already selected).
- Upload or verify your KYC documents digitally.
- Schedule a verification call or doorstep document collection as per your convenience.
Once verified, the loan will be processed and disbursed quickly, allowing you to finalise your used car purchase without delay.
Whether you are driving through the city’s bustling streets or exploring the outskirts of Tamil Nadu, owning a car in Madurai offers independence, reliability, and comfort. Bajaj Finserv Used Car Loan gives you the freedom to finance a pre-owned vehicle on your terms — with minimal paperwork, fast approvals, and transparent processes. Get started today and make your car ownership journey hassle-free.
Check your pre-approved used car loan offer in Madurai now and bring home the perfect used car that suits your needs and budget.
