Used car loans in Meerut

Read our detailed guide to learn about the features, eligibility criteria, and application process of our second-hand car finance in Meerut.
Used car loans in Meerut
5 min read
15 February 2024

Meerut, a major city in western Uttar Pradesh, is known for its historical significance, educational institutions, and rapidly growing industrial landscape. As part of the National Capital Region (NCR), Meerut is well-connected to Delhi and other nearby urban centres, making it a hub for students, working professionals, and entrepreneurs alike. With increasing urbanisation, efficient transportation has become a necessity in the daily lives of its residents.

While public transport is available, owning a personal car offers far greater comfort and flexibility, especially for those commuting between work, home, and the city outskirts. Given the high cost of new vehicles, many people are opting for pre-owned cars as a budget-friendly alternative. And with Bajaj Finance offering used car loans in Meerut, purchasing a second-hand car has become simple, quick, and affordable.

Check your pre-approved used car loan offer today and unlock personalised financing options. Just enter your mobile number and verify it with an OTP to get started.

Features and benefits of used car loan in Meerut

Bajaj Finserv Used Car Loan offers several customer-centric features that make vehicle financing easy and accessible:

  • 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
    After approval, funds are disbursed within 48 hours*, helping you make your purchase without unnecessary delays.

  • Loan up to Rs. 1.02 crore
    Avail of up to Rs. 1.02 crore and explore a wide range of used car models in Meerut that fit your requirements.

  • Flexible repayment options
    Choose a repayment tenure of up to 84 months to repay your loan in convenient EMIs that suit your income.

  • Doorstep documentation support
    You can submit your documents from home. Our representative will collect them at your preferred time and location.

Pro-tip:

Use the used car loan EMI calculator to estimate your monthly instalments and plan your repayment better.

Additional read: Other benefits of choosing used car finance

Eligibility criteria for a used car loan in Meerut

Meeting the following criteria makes you eligible to apply for a Bajaj Finserv Used Car Loan in Meerut:

  • 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 Meerut

Bajaj Finance offers competitive used car loan interest rates to customers in Meerut, making EMIs affordable and manageable throughout the loan tenure. Your final rate is determined by your credit score, income, loan amount, and selected repayment period.

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 Meerut

You can apply for your used car loan online by following these steps:

  1. Go to the Bajaj Finserv used car loan page and click on ‘APPLY’.

  2. Enter your mobile number and confirm it via OTP.

  3. Fill in personal and financial details, including occupation and monthly income.

  4. Enter the car details, if already selected.

  5. Upload or verify KYC documents digitally.

  6. Schedule a doorstep visit or phone call for document collection.

Once verified, the loan is processed quickly and disbursed, allowing you to purchase your chosen pre-owned car.

Whether you’re commuting from Shastri Nagar to Modipuram or planning weekend drives to nearby towns, owning a vehicle in Meerut gives you flexibility, independence, and peace of mind. With a Bajaj Finserv Used Car Loan, you can own a car without a large upfront expense. Fast disbursal, flexible repayment, and digital convenience make this financing option perfect for today's car buyers.

Check your pre-approved used car loan offer in Meerut and take the first step toward smart car ownership today.

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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.
  • 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 Insta EMI Card and get a pre-qualified 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, 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.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

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

How much-used car loan can I get in Meerut?

Bajaj Finance offers used car loans of up to Rs. 1.02 crore. This high-value loan allows you to bring home the car of your choice without any budget constraints. However, the final loan amount will depend on your eligibility. You can check your used car loan eligibility online and find out how much you can borrow.

What is the interest rate for second-hand car loans in Meerut?

Bajaj Finance offers used car loans at competitive interest rates starting at 10% p.a.

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

Bajaj Finance offers used car loans that come with simple eligibility requirements and minimal paperwork. The CIBIL Score requirement for used car loan in Meerut is 700.