How to apply for our Used Car Loan
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Used Car Loan EMI Calculator
Plan your pre-owned car instalments wisely.
Features and benefits of our used car loan
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All you need to know about our Used Car Loan
Learn all the details about Used Car Loans, including eligibility, interest rates, and repayment terms.
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High-value finance
Get asset-based finance of up to 115% of the car’s value at a competitive interest rate.
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Loan of up to Rs. 1.02 crore
Get funds ranging up to Rs. 1.02 crore to bring your dream car home.
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Flexible tenures
Repay your loan easily with convenient repayment options ranging from 12 months to 84 months.
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Money in your bank account in 48 hours*
Get the used car loan amount credited to your account within 48 hours* of approval.
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Doorstep assistance
Get doorstep support to complete your loan application process – from collecting documents to transferring your registration certificate.
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Pre-approved offers
Check your pre-approved offer by simply entering your mobile number and OTP and get funds instantly.
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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
Applicable fees and charges
Type of fee |
Applicable charges |
Rate of interest |
10% to 19% p.a. |
Processing fee |
Up to 2.95% of the loan amount (inclusive of applicable taxes). |
Documentation charges |
Up to Rs. 2,360/- (inclusive of applicable taxes). |
Prepayment charges |
Full prepayment (foreclosure) Charges Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount payable by the borrower as on the date of such full pre-payment. Part-prepayment Charges |
Bounce charges |
Rs. 1,500/- per bounce will be levied. “Bounce charges” shall mean charges for non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason. |
Penal Charge |
Delay in payment of instalment(s) shall attract Penal Charge at the rate of Up-to 24% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) |
Payable as per state laws and deducted upfront from loan amount |
Repossession charges |
Repossession charges at actuals with a maximum capping of Rs. 50,000 (inclusive of applicable taxes) |
NOC for interstate transfer |
Rs. 1,180/- (inclusive of applicable taxes). |
NOC to convert from private to commercial |
Rs. 3,540/- (inclusive of applicable taxes). |
| Other NOC | Rs. 1,180 - (Inclusive of applicable taxes) |
*Terms and conditions apply
These charges are applicable only if you purchase the used vehicle from CARS24 and finance it with a loan from Bajaj Finance Limited. If you are looking to purchase the vehicle from anywhere else and finance it using the Bajaj Finance Used Car Loan, click here to check the fees and charges.
NOTE:
In the event of loan cancellation, customer shall also bear the interest accrued on the loan till the date of cancellation and stamp duty charges levied on loan at the time of loan origination.
Frequently asked questions
You can get Bajaj Finserv Used Car Loan by visiting our web page and clicking on the ‘Apply’ button. Fill in the form with required details, submit relevant documents, and finish your application.
You can apply for a Used Car Loan of up to Rs. 1.02 crore.
With Bajaj Finserv Used Car Loan you can repay the loan comfortably over tenures ranging from 12 months to 84 months.
You do not need a guarantor to avail of a used car loan. However, if your income does not meet our eligibility criteria, then you may require a guarantor/ co-applicant as a security for your loan.
When you apply for a pre-owned car loan with Bajaj Finance, you will receive the funds within 48 hours* of approval.
*Terms and conditions apply
