In Navi Mumbai, owning a car is not just a luxury but a necessity for many. Whether it is for commuting to work, running errands, or exploring the city, having access to a reliable vehicle can significantly enhance one's quality of life. Whether you are planning to buy a new or a used car, financing the purchase of a car can be challenging for some. This is where a used car loan in Navi Mumbai comes into play, providing a convenient solution to fulfil your dream of owning a pre-owned vehicle without straining your finances.
By opting for a used car loan, you can fund the purchase of your second-hand vehicle easily. Applying for a used car loan in Navi Mumbai is a simple. Prominent financial institutions ensure a seamless process with minimal documentation requirements. Bajaj Finance, a renowned Non-Banking Financial Company (NBFC), provides high-value used car loans with straightforward eligibility criteria and a hassle-free procedure.
Read on to know more about the features of our used car loans, their eligibility criteria, and the application process.
Features and benefits of used car loans in Navi Mumbai
Quick disbursal of funds
Get quick access to funds that you need within 48 hours* of approval and bring home your desired vehicle with ease.
Substantial loan amount
Bajaj Finance offers high-value used car loans. You can get funds up to Rs. 1.02 crore and bring home the car of your choice without hassles.
Flexible repayment tenures
Bajaj Finance makes repayment easy with flexible tenures. You can repay your loan in small monthly instalments over a period of up to 84 months.
Doorstep assistance facility
For hassle-free application, we offer a doorstep document collection facility. Submit the required documents to our representative from your home.
Flexi Loan variants
Our unique Flexi facility provides you with additional facilities. Withdraw funds multiple times from the pre-assigned limit and part-prepay your loan at no extra cost.
Eligibility criteria and required documents for used car loan in Navi Mumbai
Bajaj Finance offers used car loans with simple eligibility criteria and minimal paperwork. You have to just fulfil these basic parameters.
Nationality: Indian
Age: 18 to 80*
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.
*Higher age limit is applicable at the time of loan maturity.
As part of the application process, you also need to submit a list of documents. Bajaj Finserv Used Car Loans require just a few basic documents. These include PAN card, KYC documents, bank statements, salary slips and more.
Used car loan interest rates in Navi Mumbai
Interest rates for used car loans in Navi Mumbai can vary among lenders and are typically influenced by factors such as the borrower's creditworthiness, loan amount, and selected repayment tenure. To secure the most favourable terms, it is crucial to compare rates from different lenders.
Bajaj Finserv Used Car Loan offers funds at competitive interest rates. For detailed information on interest rates and other associated charges, visit our fees and charges page.
Utilising online tools like EMI calculators can significantly aid in assessing your monthly instalments in advance. This online tool enables you to make well-informed decisions that align with your financial capacity. Our user-friendly used car loan EMI calculator eliminates lengthy calculations by providing you with error-free results in an instant. You can simply input information such as the principal amount, rate of interest and repayment tenure to get the EMI amount.
How to apply for a used car loan in Navi Mumbai
Second-hand car finance in Navi Mumbai come with a straightforward process. You can apply for Bajaj Finserv Used Car Loan by following these simple steps.
- Go to our used car loan page and open the application form by clicking on the ‘APPLY’ button.
- Enter your mobile number and verify your details with the OTP.
- Fill in the application form with your basic details. These include your full name, mobile number, and other necessary information.
- Provide the specific details of the vehicle if you have already selected one.
- Review and verify your KYC details and if required make the necessary changes before proceeding.
- If required, schedule an appointment for additional verification and proceed to submit the form.
Our representatives will connect with you to guide you through the next steps of the process.
In conclusion, a used car loan in Navi Mumbai offers a convenient financing solution for individuals seeking vehicle ownership in this bustling city. With quick approval, and flexible repayment options, it is the ideal way to turn your dream of owning a car into a reality.
