In the vibrant city of Coimbatore, where every journey is an adventure, having a reliable mode of transportation is indispensable. Cars play a crucial role in commuting, whether it is navigating through the bustling streets or exploring the scenic outskirts. However, purchasing a car, especially a new one, can be financially daunting for many. This is where used cars can help you as they are cost-effective alternatives. If you are looking to purchase a second-hand car, you can opt for a used car loan in Coimbatore and repay the cost of your pre-owned vehicle in affordable EMIs.
Applying for a used car loan in Coimbatore is easy and you can bring your dream car home conveniently. Financial institutions in the city offer used car loans with an easy application process and simple eligibility criteria.
Bajaj Finance, a prominent Non-Banking Financial Company (NBFC), provides used car loans with straightforward eligibility requirements and minimal documentation. With features like a user-friendly online application process and quick disbursal, your borrowing journey becomes seamless. Keep reading to explore the features and benefits of Bajaj Finserv Used Car Loan.
Features and benefits of second-hand car loan in Coimbatore
- Fast disbursal facility
Bring home your dream car without any delay. Get the money that you need within 48 hours* of approval. - High-value loan
Bajaj Finance provides a substantial loan amount of up to Rs. 1.02 crore. This high-value loan offers flexibility to finance your car purchase without any compromise. - Flexible tenures
With our flexible repayment tenure options, you can repay your used car loan with ease. Repay your loan over a period of up to 84 months. - Doorstep assistance facility
Document submission is easy with our doorstep assistance. Submit your documents to our representative from the comfort of your home. - Flexi Loan variants
Choose our Flexi Loan variants for additional facilities. You can withdraw multiple times from your approved limit and part-prepay it at no extra cost.
Eligibility criteria and required documents for a used car finance in Coimbatore
Securing a Bajaj Finserv Used Car Loan is a breeze. Our straightforward used car loan eligibility criteria and minimal document requirements make it easy for you to obtain a high-value loan for your used car needs. Simply meet these basic parameters to get started.
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.
After fulfilling these basic criteria, you have to submit the required documents – PAN card, KYC documents, bank statement, salary slips and more.
Used car loan interest rates in Coimbatore
Interest rates for used car loans in Gurgaon can differ from one lender to another. However, with Bajaj Finserv Used Car Loans, you can access funds at reasonable interest rates. To learn more about the applicable interest rates, visit our used car loan fees and charges page. Additionally, for better financial planning, you can utilise our online EMI calculator. This online tool enables you to assess your EMI amount in advance with just a few clicks. You can navigate to our used car loan EMI calculator, enter your loan amount, tenure and interest rate and get your EMI amount in an instant.
How to apply for a used car loan in Coimbatore
Securing a used car loan in Coimbatore is a straightforward process, ensuring convenience and ease. Follow these simple steps for a hassle-free online application:
- Begin by visiting our dedicated used car loan page and click on the 'APPLY' button.
- Enter your mobile number and complete the verification process with an OTP.
- Fill out the form with your personal information, including your full name, mobile number, and other basic details.
- Provide the specifics of your chosen car if you have already made a selection.
- Review and confirm your KYC details, or make any necessary edits, then proceed to schedule an appointment for additional verification.
Once you submit the form, our representative will connect with you to guide you on further steps.
In conclusion, second-hand car loans in Coimbatore offer a convenient and affordable way for individuals to own a vehicle and navigate the city with ease. By understanding the features, eligibility criteria, interest rates, and application process, you can make an informed decision and bring home the desired car.
