Have you ever thought of driving the car of your dreams, only to find the cost of new vehicles daunting? What if you could own a top-quality car without straining your budget? This is where a used car loan emerges as an affordable solution as it allows you to own your desired car without breaking the bank. With the increase in the popularity of the used car market, there is a plethora of options available to choose from. Whether you are eyeing a sleek sedan or a family SUV, there is a used car for everyone.
Even though it is a cost-effective alternative, it still requires a huge sum of money in one go. This is where used car loans come in handy as they provide you with quick access to funds and let you convert the cost of your car into small monthly instalments.
With Bajaj Finserv Used Car Loan, you can get easy access to high-value loans by fulfilling basic eligibility parameters and submitting just a few documents. Here are 5 reasons why a second-hand car loan from Bajaj Finance makes car ownership simple and hassle-free.
- High-value Loans: With Bajaj Finserv Used Car Loan, you can get a substantial loan amount of up to Rs. 77 lakh. This high-value loan allows you to buy your desired vehicle without any budget constraints.
- Quick Disbursal: When you choose a second-hand car loan from Bajaj Finance, you get the funds you need in just 48 hours* of approval. This fast disbursal facility allows you to bring home your dream car without any delay.
- Flexible Repayment Tenures: Bajaj Finance makes used car loan borrowing hassle-free with a flexible repayment period of up to 72 months. This extended repayment tenure allows you to spread the cost of your used car into manageable monthly instalments that are easier on your pocket.
- Simple Eligibility Criteria and Minimal Paperwork: Qualifying for Bajaj Finserv Used Car Loan is easy, thanks to the basic eligibility requirement. You can get a high-value used car loan if you are an Indian resident between 18 and 80 years* of age, with a CIBIL Score of 700 or more. If you are a salaried individual, you need to have a minimum experience of 1 year and a monthly salary of Rs. 20,000. Whereas self-employed individuals need to submit an ITR proof of the last 2 years. Apart from these basic used car loan eligibility requirements, you need to submit a few documents. These include your PAN card, KYC documents, salary slips, bank account statements and more.
- Hassle-free Application Process: Applying for Bajaj Finserv Used Car Loan is simple. You can visit the used car loan page of the Bajaj Finserv website and fill in the online application form. Once you submit the form, a representative from Bajaj Finance will get in touch with you and guide you on further steps. You can also benefit from the doorstep document collection facility and finish your paperwork from the comfort of your home.
With a user-friendly application process, flexible terms, and competitive interest rates, second-hand car loans from Bajaj Finance help unlock your dream of car ownership without any financial strain.
Ready to hit the road in your desired car? Visit the Bajaj Finserv website and apply for a used car loan today.
*Terms and conditions apply
