With a used car loan of up to Rs. 77 lakh, your dream of owning a car is closer to reality than you think.
A car is more than just a means of transportation – it is often an extension of your personality. Whether your favourite car is a family-friendly SUV or a luxury sedan, it represents your aspirations. However, budget constraints can be a roadblock in fulfilling these aspirations. In such a situation, Bajaj Finserv Used Car Loan comes in handy as it provides you with a high-value loan of up to Rs. 77 lakh. This high-loan amount helps you to fund your car purchase without any compromises. The used car loan offered by Bajaj Finance is designed to provide a hassle-free borrowing experience for customers. It comes with simple eligibility criteria and a quick disbursal facility making access to funds easier and faster.
Let us delve into details to know why Bajaj Finserv Used Car Loan is an ideal financing option for your car purchase
High-value loan amount
With a Bajaj Finserv Used Car Loan, you can get a high-value loan amount of up to Rs. 77 lakh. This means that you do not have to compromise your choice due to budget constraints.
Get funds up to 100% of the car’s value
Bajaj Finance provides asset-based finance, which means, you get the loan amount based on the value of the second-hand car that you wish to buy. With Bajaj Finserv Used Car Loan, you can get funds of up to 100% of the car’s value. This feature helps split the entire cost of the car into EMIs making it easier to repay.
Repayment tenure
This loan product comes with flexible repayment tenures of up to 72 months. This long repayment period allows you to convert the cost of your car into small manageable EMIs. You can either opt for a shorter tenure to reduce the cost of borrowing, or even opt for a longer tenure for easy of monthly payments.
Quick disbursal
When you choose a used car loan from Bajaj Finance, you can get funds within 48 hours* of approval. This quick disbursal facility allows you to get access to funds quickly so that you don’t miss out on the car that you’ve selected.
Minimal documents and simple eligibility
The Bajaj Finserv Used Car Loan comes with simple eligibility criteria and requires just a handful of documents. You need to have a minimum CIBIL Score of 720 and meet the basic income criteria to qualify. If your eligibility is in order, you need to submit only your KYC documents, PAN card, salary slips, bank account statement and a few other basic documents, to get your loan application approved.
Hassle-free process
Bajaj Finance offers an end-to-end online application process. This allows you to apply for a used car loan from the comfort of your home. You can take advantage of the doorstep document collection facility and apply for a loan without any branch visits.
Flexi benefits
Bajaj Finance offers three unique loan variants – Term Loan, Flexi Term Loan, and Flexi Hybrid Loan. When you choose any of these Flexi variants, a loan limit is assigned to you from which you can withdraw funds as and when required. However, you have to pay interest only on the amount you withdraw and not the entire sanctioned limit. With Flexi variants, you can also enjoy the benefit of part-prepaying your loan at no additional cost. If you choose a Flexi Hybrid Loan, you get the additional benefit of paying interest-only EMIs for the initial part of the tenure.
With a high-value Bajaj Finserv Used Car Loan, owning your favourite car is no longer a distant goal. Its simple eligibility criteria, competitive used car loan interest rates, and quick disbursal facility make it easier than ever to bring home a swanky ride.
Visit the Bajaj Finserv website and apply for a used car loan in a hassle-free manner.