✓ Interest Rates Starting @ 10.50% ✓ Loan of up to ₹77 Lakhs ✓ Quick Disbursal Check Eligibility

A car can make your commute and trip much more cost-efficient and convenient. If you are exploring different ways to finance your next car purchase, here’s a great option for you. Get used car finance to borrow amounts of up to 100% of your second-hand car’s price. You can now get a used car loan at low interest rates on Bajaj Markets. Here are some basic features of the loan:

  • Interest Rate: 10.50% p.a. onwards
  • Loan Amount: Up to ₹77 Lakhs
  • Loan Tenure: Up to 72 months

Our Partner

Here are some important details of used car finance that you should know about prior to applying.

Partner

Minimum Interest Rate

Maximum Loan Tenure

Bajaj Finserv

10.50% p.a. onwards

6 Years

Features and Benefits

Maximum Funding

You can get a loan of up to 100% of your used car’s value.

Low Interest Rates

The Used Car Loan interest rates start at just 10.50% p.a.

Flexible Repayment Tenures

You can choose a repayment tenure between 12 to 72 months as per your convenience.

Minimal Documentation

Enjoy simpler and more convenient documentation with a digital application process.

Quick Disbursal

You can get the sanctioned amount within 48 hours after the approval has been received.

No Hidden Charges

Enjoy complete transparency with a Used Car Loan, that comes with zero hidden charges.

Eligibility Criteria

Check out these basic eligibility criteria that you may be required to fulfil in order to secure a used car loan.

  • Your age must be between 18-80 years
  • You should have a CIBIL score of 720 or above
  • You should be an Indian citizen
  • You should be either self-employed or salaried
  • As a salaried applicant, you should have a minimum work experience of 1 year
  • As a salaried applicant, you should have a minimum monthly salary of ₹20,000

Documents Required

Provided below is a list of documents you will be required to submit when applying for a Bajaj Finserv Used Car Loan.

  • KYC Documents: Aadhaar Card, Passport, Voter ID
  • PAN Card
  • Employee ID Card
  • Salary slip of last 2 months
  • Bank account statements of last 3 months
  • Vehicle registration certificate
  • Vehicle insurance copy
  • ITR proof of last 2 years (if self-employed)

How to Apply for a Used Car Loan

Apply for a used car loan easily by following the steps listed below.

  • Enter your basic details

  • Fill in the required loan amount and preferred tenure

  • Select a loan offer from the options that appear on your screen

  • Once your application has been submitted and verified, a loan representative will get in touch with you for further processing.

car loan

FAQs

Can a car loan be taken for a second-hand car?

Yes , you can get a used car loan, which is now available on Bajaj Markets.

Can I borrow up to 100% of my second-hand car’s value with a used car loan?

Yes, you can get a used car loan on Bajaj Markets and borrow up to 100% of your second-hand car’s value.

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