High Loan Amount | Low Interest Rate | Quick Disbursal
✓ Interest Rates Starting @ 10.50% ✓ Loan of up to ₹77 Lakhs ✓ Quick Disbursal
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
Here are some important details of used car finance that you should know about prior to applying.
Partner |
Minimum Interest Rate |
Maximum Loan Tenure |
10.50% p.a. onwards |
6 Years |
How to Apply for a Used Car Loan
Apply for a used car loan easily by following the steps listed below.
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Enter your basic details
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Fill in the required loan amount and preferred tenure
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Select a loan offer from the options that appear on your screen
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Once your application has been submitted and verified, a loan representative will get in touch with you for further processing.
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
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)
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.
FAQs
Yes , you can get a used car loan, which is now available on Bajaj Markets.
Yes, you can get a used car loan on Bajaj Markets and borrow up to 100% of your second-hand car’s value.
Used car loan interest rates start from 10.50% p.a. The rate offered to you depends on your eligibility.
Check Your CIBIL Score
