In the bustling city of Hubli, where every minute counts, having a reliable mode of transportation is paramount. Cars have become indispensable for commuting, whether it is for work, dropping kids at school, or running errands. However, purchasing a car, especially a new one, can be financially challenging. This is where used cars come into play as they are cost-effective. However, purchasing a pre-owned car in Hubli requires a huge sum of money in one go. In such cases, used car loans can come in handy as it provides quick access to funds by fulfilling the simple eligibility criteria.
Availing of a used car loan in Hubli is simple and convenient. Financial institutions in the city offer used car loans with an easy application process and minimal paperwork. Bajaj Finance, a leading Non-Banking Financial Company (NBFC), offers used car loans with simple eligibility criteria and minimal paperwork. With a user-friendly online application process and swift disbursal, obtaining a loan becomes effortless.
Read on to explore more about our used car loan features, eligibility criteria, and application process.
Features and benefits of used car loans in Hubli
- Funds in 48 hours*
Financing your dream car is easy and quick. With our used car loan, you can get the money that you need within 48 hours* of approval. - High-value loan
Get up to Rs. 1.02 crore and finance your used car purchase in Hubli with ease. - Flexible tenures
Repay your loan easily over a period of up to 84 months. - Doorstep assistance facility
Submitting your documents is easy. You can submit your documents to our representative from the comfort of your home. - Flexi Loan variants
Our Flexi Loan variants offer additional features. You can withdraw multiple times from your approved limit and part-prepay your loan at no extra cost.
Eligibility criteria and required documents for a used car loan in Hubli
Securing Bajaj Finserv Used Car Loan is easy because of the straightforward eligibility criteria. You can qualify for our used car loans if you meet these basic parameters.
- You must be a resident Indian aged between 18 and 80*years.
- You should have a CIBIL Score of 700 or higher.
- If salaried, you should have at least 1 year of experience and a minimum monthly salary of Rs. Rs. 20,000.
- If you are self-employed, you must submit an ITR proof of the last 2 years.
*Higher age limit is applicable at the time of loan maturity.
Our used car loans require very few documents. Once you fulfil the eligibility criteria, you have to submit the required documents. These include PAN card, KYC documents, bank statement, salary slips and more.
Used car loan interest rates in Hubli
The interest rates for used car loans in Hubli are competitive and vary depending on factors such as the borrower's creditworthiness, loan amount, and repayment tenure. It is advisable to compare rates from different lenders to secure the most favourable terms. Bajaj Finance offers used car loans with competitive interest rates. You can visit our fees and charges page to know more used car loan interest rates in Hubli.
You can also use online EMI calculators to evaluate your monthly instalments beforehand. This online tool helps you in managing your finances better. You can use our used car loan EMI calculator to evaluate your instalment by simply entering basic details. These details include principal amount, interest rate, and repayment tenure. This online EMI calculator eliminates the lengthy calculations and gives results instantly.
How to apply for a used car loan in Hubli
Applying for a used car loan in Hubli is a seamless process, designed for your convenience. Follow these straightforward steps for a hassle-free online application:
Visit our dedicated page: Begin by visiting our used car loan page. Click on the prominent 'APPLY' button to initiate the process.
Verify your mobile number: Enter your mobile number and complete the verification process by providing the OTP sent to your mobile device.
Complete the form: Fill out the form with your personal details, including your full name, mobile number, and other necessary information.
Provide car details: If you have already chosen a car, provide its specifics in the form to streamline the application process.
Review KYC details: Check your KYC (Know Your Customer) details thoroughly. Make any necessary edits or confirm that the accuracy of the information provided.
Schedule verification appointment: Proceed to schedule an appointment for additional verification, if required.
Submission and follow-up: Once you have submitted the form, our representative will promptly connect with you to guide you through the subsequent steps of the process.
In conclusion, a used car loan in Hubli provides a convenient financing solution for individuals looking to buy a pre-owned vehicle. With competitive interest rates, flexible repayment options, it is an ideal way to make your dream of owning a car a reality.
Know more about our used car loans
