Secure a used car loan through Bajaj Markets with interest rates starting from as low as 10.50% p.a. Before applying, review the rates lenders offer on this great financing option. This helps you find an offer that aligns with your financial needs.
Here are the used car loan interest rates offered by lenders on Bajaj Markets:
Lending Partners |
Minimum Interest Rate |
Processing Fee |
Bajaj Finance |
10.50% p.a. |
Up to 2.95% |
*Disclaimer: The aforementioned rates are subject to change at the lender’s discretion.
FAQs
Are interest rates higher on used cars?
Yes, interest rates on used car loans are typically higher compared to those for new cars. This helps safeguard lenders against the potential depreciation of the car’s value and the increased risk associated with older vehicles. The higher rates act as a buffer, compensating for the lack of warranty and the expensive nature of repairs for used cars.
What is the processing fee charged on a used car loan?
You can get a used car loan on Bajaj Markets by paying a processing fee of up to 2.95% of the loan amount. This is inclusive of GST.
