Used car loans in Nagpur

Opt for our used car loans to get second-hand car finance in Nagpur in a hassle-free process.
Used car loans in Nagpur
5 min read
12 February 2024

Nagpur, often referred to as the "Orange City" of India, is not only a major trade centre but also an emerging IT and logistics hub in central India. With expanding metro networks, industrial corridors, and education hubs, Nagpur is witnessing rapid development and increasing mobility demands. For residents who commute daily between areas like Sitabuldi, Wardha Road, and MIHAN, owning a car provides greater freedom and comfort.

However, buying a new car may not be affordable for everyone, especially with rising vehicle prices. That’s where pre-owned vehicles come in as a smart and cost-effective alternative. To make this choice even easier, Bajaj Finance offers used car loans in Nagpur, designed to help you buy a second-hand car with easy EMIs, minimal paperwork, and quick loan approval.

Check your pre-approved used car loan offer today and take one step closer to driving home a used car in Nagpur. Enter your mobile number and verify it using OTP to get started.

Features and benefits of used car loan in Nagpur

Bajaj Finance offers several benefits when you apply for a used car loan in Nagpur:

  • 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 your loan is approved, the amount is disbursed within 48 hours*, so you can complete your purchase without delays.

  • Loan up to Rs. 1.02 crore
    Finance your dream second-hand car with a loan amount of up to Rs. 1.02 crore, giving you access to a wide range of quality vehicles.

  • Flexible repayment tenure
    You can choose a loan repayment tenure of up to 84 months, allowing you to repay the loan in manageable monthly instalments.

  • Doorstep documentation
    Submit your documents from the comfort of your home. Our representative will visit you for pickup, saving you the time and effort of visiting a branch.

Pro-tip:

Use our used car loan EMI calculator to estimate your EMIs and select a loan amount and tenure that fits your budget.

Additional read: Other benefits of choosing used car finance

Eligibility criteria for a used car loan in Nagpur

To apply for a Bajaj Finserv Used Car Loan in Nagpur, you must meet the following eligibility criteria:

Eligibility criteria for salaried individuals

Eligibility criteria for self-employed individuals

Nationality: Resident Indian

Nationality: Resident Indian

Age: 18 to 80*

Age: 18 to 80*

CIBIL Score: 700 or higher

CIBIL Score: 700 or higher

Individuals should have at least 1 year of experience and a minimum monthly salary of Rs. Rs. 20,000.

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 Nagpur

Bajaj Finance offers competitive used car loan interest rates to help you finance a pre-owned car in a budget-friendly way. Your final interest rate depends on factors such as your credit history, loan amount, repayment term, and income profile.

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 Nagpur

Follow these simple steps to apply for a Bajaj Finserv Used Car Loan in Nagpur:

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

  2. Enter your mobile number and complete OTP verification.

  3. Fill in personal details such as employment type, monthly income, and city.

  4. Enter the details of the car you wish to purchase (if selected).

  5. Upload or verify your KYC documents digitally.

  6. Schedule a call or doorstep visit for final verification.

Once all steps are complete, your loan will be approved and disbursed quickly, helping you drive home your chosen vehicle without hassle.

From exploring the Zero Mile Stone to daily commutes across Civil Lines, Dharampeth, or Hingna Road, having your own car in Nagpur offers greater convenience and independence. With Bajaj Finserv Used Car Loan, you can make this dream a reality without worrying about large upfront costs. Fast approval, doorstep support, and flexible terms make it the perfect solution for your used car financing needs.

Check your pre-approved used car loan offer in Nagpur and drive home your ideal car with complete peace of mind.

Explore used car loans in other locations

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Used car loans in Hubli

Used car loans in Navi Mumbai

Used car loans in Ludhiana

Used car loans 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.
  • 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

While care is taken to update the information, products, and services included in or available on our application, website and related platforms, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions.

*Terms and conditions apply

Frequently asked questions

How much used car loan can I get in Nagpur?

When you choose a Bajaj Finserv Used Car Loan, you can access a high-value loan of up to Rs. 1.02 crore. This substantial loan amount allows you to purchase your desired car with ease. The final approved amount depends on your eligibility. Check your used car loan eligibility in just a few clicks and find out how much you can borrow.

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

Interest rates might vary from lender to lender. Bajaj Finance offers used car loans that come with competitive interest rates starting at 10%.

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

To become eligible for a Bajaj Finserv Used Car Loan, you should have a CIBIL Score of 700 or higher. Apart from meeting this credit score requirement, you also need to fulfil some basic criteria to qualify for a used car loan from Bajaj Finance.