Used Cars and Loan

Browse over thousands of cars across brands, body styles, fuel type, pricing, and more. Select the car of your choice, compare it with others, and explore finance options to drive home in your favourite car.

Used Car Loan EMI Calculator

Used Car Loan EMI Calculator

Plan your pre-owned car instalments wisely.

Disclaimer

Results generated by the calculator(s) are indicative in nature. The interest rate applied on the loan will depend on the prevailing rates at the time of loan booking.

The calculator(s) are not intended to provide its users/ customers with results that are either certified by Bajaj Finance Limited (“BFL”) or are an obligation, assurance, warranty, undertaking or commitment, financial and professional advice by BFL, under any circumstances. The calculator(s) is only a tool that assists the users/ customers arrive at results of various illustrative scenarios generated from data input by the user/ customer. The use of the calculator is entirely at the risk of the user/ customer, BFL is not responsible for any reason, for any errors in any outcome resulting from the use of the calculator.

Features and benefits of our used car loan

All you need to know about our used car loan 00:39 ‌

All you need to know about our used car loan

Watch this video to know everything about the features of our used car loan.

  • 3 unique variants

    3 unique variants

    We offer 3 unique variants for our used car loan – Term Loan, Flexi Term Loan and Flexi Hybrid Loan. Choose the one that works best for you.

  • High-value finance

    High-value finance

    Get asset-based finance of up to 115% of the car’s value at a competitive interest rate.

  • Loan of up to Rs. 1.02 crore

    Loan of up to Rs. 1.02 crore

    Get funds ranging up to Rs. 1.02 crore to bring your dream car home.

  • Flexible tenures

    Flexible tenures

    Repay your loan easily with convenient repayment options ranging from 12 months to 72 months.

  • Money in your bank account in 48 hours*

    Money in your bank account in 48 hours*

    Get the used car loan amount credited to your account within 48 hours* of approval.

  • Doorstep assistance

    Doorstep assistance

    Get doorstep support to complete your loan application process – from collecting documents to transferring your registration certificate.

  • Pre-approved offers

    Pre-approved offers

    Check your pre-approved offer by simply entering your mobile number and OTP and get funds instantly.

  • No hidden charges

    No hidden charges

    Our fees and charges are clearly mentioned on our loan documents and on this page. Read them in detail before applying.

    *Terms and conditions apply

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How to apply for our Used Car Loan

Video Image 01:09
   

Browse and compare your favourite used cars

Powered by CARS24

  1. Choose from thousands of cars with different body styles, fuel types, pricing, and so on.
  2. Get detailed information on the car of your choice - right from odometer reading, manufacturing year, insurance, ownership, and more.
  3. Compare your selected car with similar ones and finalise the used car you prefer.
  4. Take your dream car home with our finance options for used cars.

Eligibility criteria and documents required for a used car loan

A few simple criteria must be met to qualify for our used car loan. You will also need a few documents to complete your application.

Eligibility criteria

  • Nationality: Indian
  • Age: 18 to 80*
  • CIBIL Score: 700 or higher
  • Employment:
  • For salaried: Individuals should have at least 1 year of experience and a minimum monthly salary of Rs. 20,000.
  • For self-employed: Applicant must submit an ITR proof of the last 2 years.

*Age should be 80 or less at the end of the loan tenure.

Documents required

  • KYC documents - Aadhaar/ passport/ voter’s ID / NREGA Job Card / Letter issued by National Population Register
  • PAN card
  • Employee ID card
  • Salary slips for the last 3 months
  • Bank account statements for the previous 3 months
  • Vehicle registration certificate and insurance copy

Note:

  • The loan is available only for private cars.
  • The car should not be more than 12 years old, at the end of the tenure.
  • The car should not have more than 2 previous owners.

Disclaimer

Please note that the contents marked as "Powered by CARS24" are owned by CARS24 and BFL is not making any claims or statement with respect to correctness, accuracy or veracity of such contents. For any queries or dispute on the same, please reach out to CARS24.