Nashik, nestled in the picturesque landscapes of Maharashtra, is not just famous for its ancient temples but is also emerging as a hub for economic growth. As the city continues to evolve, the demand for personal transportation is on the rise, leading to a surge in the popularity of used cars. The burgeoning trend of opting for pre-owned vehicles has opened up new avenues for residents to fulfil their dreams of owning a car.
Used car loans in Nashik
The increasing preference for used cars in Nashik can be attributed to several factors, including affordability, a wide variety of options, and the availability of well-maintained vehicles in the second-hand market. To support the growing demand for used cars in Nashik, financial institutions and banks have introduced tailored used car loan products. These loans provide individuals with the necessary financial assistance to purchase a pre-owned vehicle of their choice. Bajaj Finance, one of the leading NBFCs offers used car loans that come with simple eligibility criteria and minimal documents. Read on to learn more about the features and benefits of our used car loans.
Features and benefits of used car loans in Nashik
- Asset-based financing
Get hassle-free asset-based financing with Bajaj Finserv Used Car Loan. Get funds up to 115% of the car’s value at competitive interest rates. - Quick disbursal facility
Benefit from a quick disbursal facility, receiving the required funds within 48 hours*of approval. This ensures a prompt process, allowing you to bring home your desired vehicle without unnecessary delays. - High-value loan
Unlock the potential of high-value loans with Bajaj Finserv Used Car Loans. Get funds up to Rs. 1.02 crore. This huge loan amount allows you to purchase the used car of your choice, meeting your preferences and requirements. - Long repayment tenure
Manage your finances effortlessly with a long repayment tenure of up to 84 months. This extended tenure allows you to spread the cost of your used car into small monthly instalments. - Doorstep document collection
Experience the convenience of doorstep document collection, as our representatives will collect the required documents from the comfort of your home. This streamlined process adds an extra layer of convenience to your loan application. - Flexi Loan variants
Opt for our unique Flexi Loan variants for additional flexibility. Enjoy the flexibility to withdraw funds as needed and part-prepay without incurring any extra costs.
Eligibility criteria for a used car loan in Nashik
Used car loans usually come with simple eligibility criteria and minimal documents. If you are looking to apply for a used car loan offered by Bajaj Finance, you need to meet these basic parameters.
- 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.
Used car loan interest rates in Nashik
Interest rates for used car loans in Nashik are subject to variations among different lenders. Bajaj Finance offers competitive interest rates on used car finance. To gain a comprehensive understanding of our used car loan interest rates, please refer to our fees and charges page for detailed information.
How to apply for a used car loan in Nashik
Securing a used car loan in Nashik is a seamless process, especially with the convenience of online applications offered by most lenders. Bajaj Finance stands out by providing a user-friendly platform for applying for used car loans. To initiate your application with Bajaj Finance, follow these straightforward steps:
- Begin by visiting our dedicated used car loan page and selecting the 'APPLY' option.
- Enter your 10-digit phone number and complete the verification process using the OTP received.
- Furnish your essential details, including your full name, email address, and other required information as prompted.
- Include pertinent information about the specific car that you have selected.
- Review and update your KYC information as necessary and choose a convenient time for any additional verification that may be required.
Once you submit the application form, our representative will promptly connect with you to guide you through the remaining steps. With competitive interest rates, flexible repayment options, and a hassle-free application process, Bajaj Finserv Used Car Loans prioritise simplicity, ensuring a convenient borrowing experience.
