A car is often regarded as a necessity for modern living, bringing convenience, mobility, and freedom. While purchasing a brand-new car may be an expensive option for many, buying a second-hand car can be a more affordable alternative.
While finding a second-hand car requires extensive research and time as you need to find a car in proper working conditions, financing it can be made easy with a second-hand car loan.
What is a second-hand car loan?
A second-hand car loan or used car loan is a financing facility that provides you with the funds you need to purchase a second-hand car. Bajaj Finance offers used car loan that comes with simple eligibility criteria and minimal documents. This loan comes with a host of additional benefits that make it an ideal choice to fund your second-hand car purchase.
Here are six reasons why applying for a Bajaj Finserv Used Car Finance is a good idea:
- High-value financing
With a used car loan from Bajaj Finance, you can get up to Rs. 1.02 crore and turn your dream of purchasing a luxurious car into a reality.
Our used car loan is an asset-based loan, and you can get up to 115% of your car’s value. This allows you to purchase your dream car without having to compromise on your budget. - Quick disbursal
Our used car loan also comes with an easy online application process - eliminating the hassles of lengthy paperwork. When you choose our used car finance, you get funds within 48 hours* of loan approval. This speedy disbursal facility ensures that you complete your car purchase without any delay.
- Flexi benefits
Apart from the regular term loan, we offer two unique loan variants - Flexi Term Loan, and Flexi Hybrid Loan. With these Flexi variants, you get a loan limit from which you can withdraw funds as many times as you need. However, the interest is charged only on the amount you withdraw and not the entire limit. You can also part-prepay your Flexi Loan as many times as you can without any additional cost.
Our Flexi Hybrid Loan comes with an additional benefit that lets you pay interest-only EMIs for the initial part of the tenure. - Flexible tenures
When you choose our used car loan, you get the option to spread your loan amount over a period of up to 84 months. This allows you to repay your loan easily in affordable EMIs. With our multiple tenure options, you can opt for tenure that suits your financial situation. - Pre-approved offers
If you are an existing customer of Bajaj Finance, you can get easy access to funds through exclusive pre-approved offers. All you need to do is to share your basic personal information and check a personalised offer created just for you.
