Used car loans in Pune

Read our detailed guide to learn about the features, eligibility criteria and application process of our used car loan in Pune.
Used car loans in Pune
5 min read
12 February 2024

Pune, a vibrant city nestled amidst the Sahyadri mountain ranges, offers the perfect blend of rich history, modernity, and cultural diversity. With a metropolitan lifestyle, many Pune residents are looking for affordable transportation solutions, making second-hand vehicles a popular choice. Whether you are looking for a compact sedan for city commuting or a spacious SUV for family road trips, second-hand car loans in Pune make owning a vehicle more accessible.

Bajaj Finance provides used car loans that offer high-value financing, helping you purchase your desired vehicle without any financial stress. You might also qualify for a pre-approved offer that will fast track your financing process. Check your pre-approved used car loan offer in an easy online process – no branch visit is required.

Read on to know more about used car loans offered by Bajaj Finance and how you can apply for one.

Features and benefits of second-hand car loans in Pune

Bajaj Finance offers a used car loan in Pune designed to make vehicle ownership easier. With numerous benefits and features, our loan product provides both flexibility and convenience:

High-value financing: Get up to 115% of the vehicle’s value through our asset-based financing, ensuring you have ample funds to cover your car purchase.

  • Speedy disbursal: Get funds within 48 hours* of approval, receive your loan amount quickly and drive home your pre-owned car without any unnecessary delays.
  • Substantial loan amounts: Bajaj Finance offers loans of up to Rs. 1.02 crore, allowing you to pick any vehicle within your budget without compromises.
  • Flexible repayment options: Choose a convenient repayment tenure of up to 84 months. Enjoy the flexibility to pay your loan in easy EMIs.
  • Flexi Loan variant: Opt for the Flexi Loan variant, which allows multiple withdrawals from your approved limit and enables part-prepayment at no extra cost.

Additional read: Check out other benefits of used car loans

Eligibility criteria for used car loans in Pune

Securing a used car loan in Pune from Bajaj Finance is easy with our simple eligibility criteria and minimal documentation. To qualify for the loan, you must meet the following requirements:

Eligibility for salaried individuals:

  • Nationality: Indian
  • Age: 18 to 80 years*
  • CIBIL Score: 700 or higher
  • Minimum salary: Rs. 20,000 per month
  • Minimum work experience: 1 year

Eligibility for self-employed individuals:

  • Nationality: Indian
  • Age: 18 to 80 years*
  • CIBIL Score: 700 or higher
  • Income proof: ITR for the last 2 years

*The higher age limit applies at the time of loan maturity.

Once you meet these eligibility criteria, you can easily apply for the loan by submitting a few essential documents like PAN card, KYC documents, bank statements, salary slips or ITR proofs (for self-employed individuals) and more.

Checking your used car loan eligibility is quick and effortless. Just a few simple steps online, and you will know exactly how much you can borrow. Check your used car loan eligibility now and move closer to owning your dream car.

Used car loan interest rates in Pune

Interest rates for used car loans in Pune can vary across lenders, but Bajaj Finance ensures you get competitive interest rates. To better plan your finances, use our used car loan EMI calculator. Enter your loan amount, tenure, and interest rate, and get an instant calculation of your monthly instalments.

How to apply for a used car loan in Pune

Applying for a used car loan in Pune from Bajaj Finance is easy and hassle-free. Just follow these simple steps to get started:

  1. Click on the ‘APPLY’ button on the used car loan page.
  2. Enter your mobile number and verify it with the OTP.
  3. Fill in your personal details, such as name, mobile number, email ID, and income information.
  4. If you’ve already selected your car, enter the details of the car.
  5. Verify or update your KYC details, then proceed to schedule an appointment for further verification.
  6. Submit your form, and our representative will contact you to guide you through the next steps.

In Pune, where the past meets the future, owning a car is a significant step towards convenience and independence. With the Bajaj Finserv Used Car Loans, residents can easily finance their vehicle purchases with flexible repayment options, high-value financing, and fast approval. The online application process, simple used car loan eligibility requirements, and minimal documentation make it easier for you to own the car of your dreams.

Check your pre-approved used car loan offer now and bring home your dream car with ease.

Explore used car loans in other locations

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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

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 Pune?

Looking to finance a used car? With Bajaj Finance, you can secure a high-value loan of up to Rs. 1.02 crore, making it easier to drive home the car you want—without worrying about budget limitations. The final loan amount depends on your eligibility, so why wait? Check your used car loan eligibility now in just a few clicks.

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

Interest rates might vary from lender to lender. Bajaj Finserv Used Car Loans come with competitive interest rates starting at 10%.

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

When you choose to apply 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.

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