Situated in the heart of Uttar Pradesh, Meerut is a city rich in history and cultural heritage. Known for its vibrant markets and strategic location, Meerut is seeing a growing demand for personal mobility. As a result, the popularity of second-hand cars has surged. To meet this demand, many residents are turning to second-hand car finance in Meerut, making it easier to own a reliable vehicle at an affordable price.
Used car loan in Meerut
In Meerut, used car loan provide a practical avenue for residents aspiring to own a vehicle without the burden of purchasing a brand-new car. These financial solutions make car ownership more accessible and affordable. Many financial institutions offer used car loans that come with a range of features and benefits designed to make the borrowing process convenient and attractive. Bajaj Finance, one of the leading NBFCs offers used car loans that come with simple eligibility criteria and minimal documentation. Read on to learn more about the features of Bajaj Finserv Used Car Loans.
Features and benefits of used car loan in Meerut
- Asset-based financing
With Bajaj Finserv Used Car Loan, you can get asset-based financing up to 115% of the vehicle’s value at competitive interest rates.
- Quick disbursal facility
Get the funds that you need within 48 hours* of approval and bring home your desired vehicle without any delay.
- High-value loan
Purchasing a car of your choice is easy with our high-value loan. Get funds up to Rs. 1.02 crore and buy a used car of your choice.
- Long repayment tenure
Repay your loan easily over a period of up to 84 months. This long tenure helps you to convert the cost of your used car into small monthly instalments.
- Doorstep document collection
Our doorstep document collection facility lets you submit your documents to our representative from the comfort of your home.
- Flexi Loan variants
Get additional facilities with our unique Flexi Loan variants. Withdraw funds when you need them and part-prepay when you can at no extra cost.
Additional read: Top four benefits of a second-hand car loan
Eligibility criteria for a used car loan in Meerut
To qualify for a used car loan in Meerut, applicants generally need to meet specific eligibility criteria. Lenders typically consider factors such as age, income, employment stability, and credit history. Bajaj Finance offers used car loans that come with simple eligibility parameters and minimal documents. You can fulfil these basic criteria to qualify for Bajaj Finserv Used Car Loan in Meerut.
- Nationality: Indian
- Age: 18 to 80*
- CIBIL Score: 700 or higher
- Salaried individuals: Individuals should have at least 1 year of experience and a minimum monthly salary of Rs. Rs. 20,000.
- Self-employed individuals: Applicant must submit an ITR proof of the last 2 years.
*Higher age limit is applicable at the time of loan maturity.
Additional read: Factors that affect your pre-owned car loan eligibility
Used car loan interest rates in Meerut
Interest rates on used car loans in Meerut may vary among lenders. Bajaj Finance offers used car finance at competitive interest rates. You can check our fees and charges page to know more about the used car loan interest rates.
How to apply for used car loan in Meerut
Applying for a used car loan in Meerut is a straightforward process. Most lenders provide online application platforms, making the borrowing process convenient for you. Bajaj Finance offers used car loans that come with an easy online application process. You can follow these simple steps to apply for Bajaj Finserv Used Car Loans.
- Visit our used car loan page and click on the 'APPLY' option.
- Input your 10-digit phone number and verify it with the OTP received.
- Provide your essential details, including your full name, email address, and other required information.
- Include details about the chosen car in your application.
- Review and update your KYC information and schedule a convenient time for additional verification.
After that, our representative will connect with you to take you through the remaining steps. With competitive interest rates, flexible repayment options, and a user-friendly application process, Bajaj Finserv Used Car Loans make borrowing easy and hassle-free.
