Used car loans in Ahmedabad

Read our detailed guide to learn about the features, eligibility criteria, and application process of our used car loan in Ahmedabad.
Used car loans in Ahmedabad
5 min read
14 February 2024

Ahmedabad, the bustling metropolis nestled on the banks of the Sabarmati River, pulsates with a rich tapestry of culture, history, and commerce. Renowned for its vibrant festivals, architectural marvels like the Sabarmati Ashram, and the imposing Akshardham Temple, Ahmedabad is a city where tradition effortlessly blends with modernity, offering a dynamic backdrop for its residents.

Acquiring a second-hand car in Ahmedabad is a practical choice for many, given the city's extensive network of roads and bustling urban life. Second-hand car loans in Ahmedabad offer a boon, enabling individuals to own their dream vehicle without hefty upfront payments.

Bajaj Finance offers used car loans in Ahmedabad with an array of different features.

Here are some noteworthy features of Bajaj Finserv Used Car Loan in Ahmedabad

  1. Considerable financing: We offer asset-based financing up to 115% of the vehicle's value at competitive interest rates.
  2. High-value loan amount: Get up to Rs. 1.02 crore to buy a used car without draining your savings.
  3. Quick disbursement: After loan approval, funds can be sent within 48 hours*, enabling you to acquire your desired car.
  4. Flexible tenures: Flexible tenure options of up to 84 months can help stretch the expense of your used automobile.
  5. Flexi variant: Our Flexi Loan offers you to make fund withdrawals and partial prepayments, at no extra cost.

Eligibility criteria for a used car loan in Ahmedabad

Bajaj Finserv Used Car Loans come with simple eligibility criteria and minimal documents. If you are looking to apply for a used car loan in Ahmedabad, follow these basic parameters.

  • Nationality: Indian
  • Age: 18 to 80 years*
  • CIBIL Score: 700 or higher
  • For salaried: Individuals should have at least 1 year of experience and a minimum monthly salary of Rs. Rs. 20,000.
  • For self-employed: Applicant must submit an ITR proof of the last 2 years

* A higher age limit is applicable at the time of loan maturity.

Additional read: How to calculate your used car loan eligibility

Interest rates for used car loans in Ahmedabad

Interest rates for used car loans in Ahmedabad vary among lenders. Factors such as the borrower's creditworthiness, loan amount, and repayment tenure determine your interest rate. Bajaj Finance offers used car loans at competitive rates that are beneficial for affordable borrowing.

How to apply for a second-hand car loan in Ahmedabad

Obtaining a Bajaj Finserv Used Car Loan in Ahmedabad is easy to do.

  • Apply for a used car loan by visiting the page and clicking the 'APPLY' button.
  • Enter your 10-digit phone number and verify with an OTP.
  • Enter your personal information.
  • Provide car information such as make, model, and colour.
  • Update your KYC information and arrange a verification session.

Obtaining a second-hand car loan in Ahmedabad is vital for purchasing affordable vehicles. Bajaj Finance provides used car loans with simple eligibility conditions, making it easy to buy used cars in Ahmedabad.

Apply for a used car loan today.

Explore used car loans in other locations

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Frequently asked questions 

How much used car loan can I get in Ahmedabad?

With a Bajaj Finserv Used Car Loan, you can access a high-value loan of up to Rs. 1.02 crore. This substantial loan amount allows you to purchase your desired car easily.

What is the interest rate for second-hand car loans in Ahmedabad?

Interest rates for used car loans might vary from lender to lender. Bajaj Finance offers used car loans that come with competitive interest rates starting at 10%.

What is the CIBIL Score required to get a used car loan in Ahmedabad?

To become eligible for a Bajaj Finserv Used Car Loan, you should have a CIBIL Score of 700 or higher. Apart from meeting this credit score requirement, you also need to fulfil some basic criteria to qualify for a used car loan from Bajaj Finance.

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Bajaj Finserv app for all your financial needs and goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-qualified limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

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Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.