Car ownership is often considered a necessity for many individuals, providing a sense of mobility, convenience, and independence. While new cars might be appealing, the used car market plays a crucial role in making car ownership more feasible for a broader range of customers. Used cars offer a more affordable alternative, allowing individuals to access reliable and functional vehicles at much lower prices.
Though it is a cost-effective alternative, purchasing an old car requires a huge sum of money. This is where used car finance comes into play as it helps buyers to spread the cost into manageable monthly instalments. With the hassle-free process and simple eligibility requirements, Bajaj Finance makes availing of used car finance easy and convenient. Read on to learn more about the benefits of choosing our used car finance.
Here is the list of 5 benefits of choosing second-hand car finance
Get a substantial loan amount: Used car finance provides you access to substantial funds that allow you to purchase the vehicle of your choice. Whether you wish to purchase a stylish sedan or a reliable SUV, this high-value loan provides you with the required funds. With Bajaj Finserv Used Car Loan, you can get access to a loan amount of up to Rs. 1.02 crore and bring home your dream car easily.
Quick disbursal: Second-hand car loans come with a quick disbursal facility that allows you to purchase your desired vehicle without any delay. Opting for a Bajaj Finserv Used Car Loan lets you get access to funds within 48 hours* of approval.
Flexible tenures: Used car finance usually comes with flexible repayment tenure that allows you to spread the cost of your used car into small instalments. Bajaj Finance offers repayment periods of up to 84 months, allowing you to comfortably manage the cost of your vehicle through equated monthly instalments (EMIs).
Additional read: Know how to calculate EMIs for a used car loan
Simple eligibility criteria and minimal documents: With easy-to-meet eligibility criteria and minimal documents, qualifying for Bajaj Finserv Used Car Loan is simple. You need to have a minimum CIBIL Score of 700 and meet the basic income criteria to be eligible for a used car loan. In addition to these eligibility criteria, you need to submit just a few documents to get approval. These documents include KYC documents, a PAN card, salary slips, bank statements and more.
Hassle-free process: Say goodbye to cumbersome procedures, as obtaining a used car loan has never been more convenient. Bajaj Finance streamlines the entire process with an end-to-end online application. Moreover, benefits from the doorstep document collection feature, eliminating the need for branch visits. With this facility, you can submit the required documents at your doorstep and complete your loan application comfortably from home.
How to apply for second-hand car finance
Bajaj Finance offers used car finance with an easy online application process. You can follow these simple steps.
- Go to our used car loan page and click on the 'APPLY' button.
- Enter your 10-digit mobile number and verify your details with the OTP.
- Share a few basic details including your full name, mobile number, email ID, and other required information.
- If you have already selected a car, enter its details.
- Confirm or update your KYC details and proceed to schedule an appointment for additional verification.
Once you submit the form, our representative will reach out to guide you on further steps. This streamlined application procedure and the availability of high-value loans help you purchase the car of your choice.
