Used Car Loan in Chennai

Choose Bajaj Finserv Used Car Loans and get second-hand car finance in Chennai in a hassle-free process.
Used Car Loan in Chennai
5 min read
12 February 2024

Chennai, the capital of Tamil Nadu, India, is a dynamic coastal city known for its rich cultural heritage, bustling markets, and thriving IT industry. With a blend of traditional temples and modern infrastructure, Chennai is a hub for art, commerce, and technology, making it a vibrant and diverse metropolis.

Get used car finance in Chennai from Bajaj Finance

Chennai, a vibrant metropolitan hub in India, has become a focal point for the thriving market of used car loans. The city's burgeoning population, coupled with a robust second-hand car market, has fuelled the demand for financing options.

Financial institutions in Chennai have responded proactively, offering tailored used car loans to cater to the diverse needs of the local populace. As residents seek affordable and reliable transportation solutions, these loans provide a convenient avenue for acquiring pre-owned vehicles.

If you are looking to finance your pre-owned vehicle purchase, choose Bajaj Finserv Used Car Loan for quick financing. With our used car loan, you can get the funds in just
48 hours* of approval and purchase your desired vehicle without any delay. Our used car loans come with a host of attractive benefits.

Features and benefits of pre-owned car loan in Chennai

  • High-value finance
    With our asset-based financing, you can get funds up to 115% of the vehicle's value at competitive used car loan interest rates
  • Disbursal in 48 hours*
    With our quick disbursal facility, get the funds within just 48 hours* of approval and bring home your dream car without any delay.
  • Loan up to Rs. 1.02 crore
    Get funds up to Rs. 1.02 crore and purchase the car of your choice without compromising on your budget.
  • Flexible tenures
    You can spread the cost of your pre-owned car over a long repayment period of up to 84 months
  • Doorstep assistance
    Avail of doorstep assistance for an easy loan application process and submit your documents to our representative.
  • Pre-approved offers
    If you are our existing customer, check your pre-approved used car loan offer instantly by entering your mobile number and the OTP.
  • Flexi Loan variants
    Choose our unique Flexi Loan variants and get the additional facilities of multiple fund withdrawals and part-prepayment at no extra cost.

Eligibility criteria for a used car loan in Chennai

Bajaj Finance offers used car loans that come with simple eligibility criteria and minimal paperwork. If you looking to apply for a used car loan in Chennai from Bajaj Finance, you need to fulfil these basic parameters.

Eligibility criteria for salaried individuals

Eligibility criteria for self-employed individuals

Nationality: Resident Indian

Nationality: Resident Indian

Age: 18 to 80*

Age: 18 to 80*

CIBIL Score: 700 or higher

CIBIL Score: 700 or higher

Individuals should have at least 1 year of experience and a minimum monthly salary of Rs. Rs. 20,000.

Applicant must submit an ITR proof of the last 2 years.


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

Apart from meeting these basic parameters, you also need to submit a few documents. These include PAN card, KYC documents, salary slips, bank account statement and more.

How to apply for used car loans in Chennai

Bajaj Finance offers used car loans that come with an easy online application process. You can follow these simple steps.

  • Go to the used car loan page and click on the ‘APPLY’ button.

  • Enter your 10-digit mobile number and submit the OTP for verification.

  • Fill in your personal details including your full name, mobile number, email ID, and more.

  • Enter the details of the car if you have identified the one.

  • Verify or update your KYC details and proceed to schedule an appointment for further verification.

Our representative will connect with you to guide you on further steps. With our online application process and minimal documentation, borrowing second-hand car finance in Chennai is easy and hassle-free. Fulfil our simple used car loan eligibility criteria and submit the required documents to get a high-value used car loan from Bajaj Finance.

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-approved 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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