Nagpur, located in the central part of India, is the third-largest city in the state of Maharashtra. Known as the "Orange City" for its thriving citrus cultivation, Nagpur is a major commercial and political hub. The city boasts historical landmarks, and vibrant markets, and serves as the geographical centre of the country.
Used car loans in Nagpur
In recent times, Nagpur has witnessed a robust market for used car loans, reflecting the growing trend of individuals opting for pre-owned vehicles. Financial institutions in Nagpur offer used car loans at competitive interest rates. These loans empower residents to overcome financial barriers and realise their aspirations of owning a reliable used car.
If you are looking to fund the purchase of your pre-owned vehicle, choose Bajaj Finserv Used Car Loan for quick financing. Our used car loans come with the quick disbursal facility as you can get the funds in just 48 hours* of approval.
Here are some additional benefits of Bajaj Finserv Used Car Loans:
Features and benefits of pre-owned car loans in Nagpur
1. Asset-based financing
Get up to 115% of the vehicle's value through our asset-based financing, ensuring you have substantial funds at your disposal with competitive interest rates.
2. Swift disbursal
Receive funds in just 48 hours* of approval and drive home your desired vehicle without any delay.
3. High loan limit
Secure funds of up to Rs. 1.02 crore and choose your desired car without compromising your budgetary constraints.
4. Flexible repayment
Convert the total cost of your used car into small manageable EMIs with long tenure of up to 84 months.
5. Convenient doorstep assistance
Simplify your loan application with doorstep assistance; our representatives ensure a seamless process as you submit required documents from the comfort of your home.
6. Pre-approved offers
If you are our existing customer, check your pre-approved used car loan offers in an instant by entering your mobile number and OTP.
7. Flexi Loan variants
Opt for our unique Flexi Loan variants and get the added benefits of multiple fund withdrawals and part-prepayment at no additional cost.
Eligibility criteria and required documents for a used car loan in Nagpur
Bajaj Finance offers used car loans that come with simple eligibility criteria and minimal documents. To qualify for our used car loan, 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 criteria, you also need to submit a few documents. These include PAN card, KYC documents, bank account statement, salary slips and more.
How to apply for used car loans in Nagpur
Accessing Bajaj Finance's used car loans is simple with our streamlined online application process. Just follow these straightforward steps:
- Navigate to the used car loan page and click on the 'APPLY' button.
- Input your 10-digit mobile number and complete the OTP verification for security.
- Provide your personal information, including your full name, mobile number, email ID, and other relevant details.
- If you have already chosen a car, share its details.
- Review or update your KYC details and proceed to schedule an appointment for additional verification.
Our representative will connect to you to guide you on further steps. With our user-friendly online application process and minimal documentation requirements, securing financing for a second-hand car in Nagpur has never been easier. Meet our simple used car loan eligibility criteria and submit the necessary documents to access a high-value used car loan from Bajaj Finance.
