Second-hand car loan in Manipur

Read our comprehensive guide to learn about features, eligibility criteria of second-hand car loans in Manipur offered by Bajaj Finance.
Second-hand car loan in Manipur
3 min
10 April-2024

Manipur, a picturesque state in Northeast India, is known for its cultural richness, scenic beauty, and fast-evolving urban centres. Cities like Imphal are seeing steady growth in terms of education, healthcare, and infrastructure. As the economy grows and connectivity improves across towns and villages, the need for personal transportation has become increasingly important.

Whether you are commuting within Imphal or driving through the hill districts, having your own vehicle offers unmatched freedom, comfort, and reliability. While new cars remain out of budget for many, used cars present a practical, budget-friendly option. And with Bajaj Finance offering used car loans in Manipur, purchasing a second-hand vehicle has become easier than ever. With high loan amounts, flexible repayment options, and quick disbursal, you can now buy a car that suits your needs — without draining your savings.

Check your pre-approved used car loan offer today and explore easy financing options available in Manipur. Enter your mobile number and verify it with OTP to get started.

Features and benefits of used car loan in Manipur

When you apply for a Bajaj Finserv Used Car Loan, you gain access to several features designed to simplify your borrowing journey:

  • 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 transferred to your account within 48 hours*, so you can go ahead with your purchase immediately.
  • Loan up to Rs. 1.02 crore
    Avail financing of up to Rs. 1.02 crore and choose from a wide range of second-hand vehicles that meet your budget and lifestyle.
  • Flexible repayment tenure
    Repay your loan over a period of up to 84 months, with EMIs structured to match your financial comfort.
  • Doorstep documentation support
    Submit documents from the convenience of your home — no need to visit a branch. Our representative will handle the collection at your preferred time.

Pro-tip:

Use the used car loan EMI calculator to plan your monthly repayments. Simply input your loan amount, interest rate, and tenure to get an accurate estimate.

Additional read: Other benefits of choosing used car finance

Eligibility criteria for a used car loan in Manipur

To apply for a Bajaj Finserv Used Car Loan in Manipur, you need to meet a few basic eligibility conditions:

  • 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.

Check your used car loan eligibility online with a few simple steps to find out how much you can borrow.

Used car loan interest rates in Manipur

Bajaj Finance offers competitive used car loan interest rates that make financing a pre-owned vehicle affordable. The final interest rate depends on factors like your credit score, income, chosen loan amount, and repayment 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 Manipur

Applying for a used car loan in Manipur is simple and completely digital:

  1. Visit the Bajaj Finserv used car loan page and click on ‘APPLY’.
  2. Enter your mobile number and verify using OTP.
  3. Fill in personal and income-related details.
  4. Provide information about the car (if already selected).
  5. Upload or digitally verify your KYC documents.
  6. Schedule a call or doorstep visit for document collection.

Once everything is verified, your loan will be processed, and the funds disbursed, so you can purchase your used car without delay.

From navigating city roads in Imphal to taking road trips across scenic hill routes, owning a car in Manipur can significantly improve your lifestyle and mobility. With Bajaj Finserv Used Car Loan, you can enjoy the benefits of car ownership with flexible terms and minimal effort. Affordable EMIs, fast processing, and a digital journey make financing a used vehicle smarter and easier.

Check your pre-approved used car loan offer in Manipur and start your journey towards owning a car today.

Explore used car loans in other locations

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Used Car Loan in Hubli

Used Car Loan in Navi Mumbai

Used Car Loan in Ludhiana

Used Car Loan in Chandigarh

Bajaj Finserv App for All Your Financial Needs and Goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Explore and apply for co-branded credit cards online.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for an Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, and SIP calculators.
  • Check your credit score, download loan statements, and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

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Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Frequently asked questions

What is the used car loan interest rate in Manipur?
There are several factors that influence your used car loan interest rates. These include credit score, loan amount, and the repayment period. Bajaj Finance offers used car loans with competitive interest rates starting at 10% p.a.

How much loan can I get to purchase a pre-owned car in Manipur?

With Bajaj Finserv Used Car Loan, you can get access to high-value loans of up to Rs. 1.02 crore. However, the actual loan sanctioned depends on your eligibility. You can check your used car loan eligibility in just a few clicks to find out how much you can borrow.

Can I get a loan for a second-hand car?
If you are looking to avail of a loan for your second-hand car purchase, you can opt for a used car loan. Bajaj Finance offers high-value used car loans with minimal paperwork and a hassle-free process.

What is the CIBIL Score required to get a used car loan in Manipur?

You need to have a CIBIL Score of 700 or higher to qualify for a used car loan offered by Bajaj Finance. Apart from meeting the credit score requirement, you need to fulfil some basic criteria as well to become eligible for a used car loan.

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