In a city like Vadodara, where bustling streets and vibrant culture intertwine, owning a car can significantly enhance one's mobility and convenience. However, purchasing a vehicle, whether a new or a used one, often requires financial assistance in the form of loans. If you are looking to finance the purchase of a second-hand car in Vadodara, you can opt for used car loans. Used car loans play a crucial role in making car ownership accessible to a wide range of individuals. With the help of this loan, you can spread the cost of your used car into small manageable monthly instalments.
Securing a second-hand car loan in Vadodara is a straightforward process, thanks to the streamlined procedures offered by leading financial institutions. Bajaj Finance, one of the leading Non-Banking Financial Companies (NBFC) offers seamless access to high-value used car loans. With minimal documentation requirements and basic eligibility criteria, obtaining financing for your dream vehicle has never been easier.
Read on to know more about the features of Bajaj Finserv Used Car Loan, its eligibility criteria and application process.
Features and benefits of used car loans in Vadodara
- Quick disbursal
Get funds within 48 hours* of approval and bring home your dream car without any delay. - High-value loan amount
Bajaj Finance offers used car loans of up to Rs. 1.02 crore. This substantial loan amount allows you to purchase your dream car without hassles. - Flexible repayment tenures
Repay your loan with ease with our flexible repayment tenure options. Spread the cost of your car over a period of up to 84 months. - Doorstep assistance facility
For a hassle-free application, choose our doorstep document collection facility. Submit the required documents to our representative from the comfort of your home. - Flexi Loan variants
Our unique Flexi facility comes with additional features. You can 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 Vadodara
Our simple eligibility criteria for used car loans and minimal documents. You can qualify for our used car loan by fulfilling 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.
Bajaj Finserv Used Car Loans require just a few basic documents. These documents include PAN card, KYC documents, bank statements, salary slips and more.
Used car loans interest rates in Vadodara
When considering used car loans in Vadodara, it is essential to understand that interest rates may vary across lenders. Your used car loan interest rates usually depend on several factors such as your credit score, loan amount, and chosen repayment period. To ensure you secure the best deal, it is wise to compare interest rates offered by different financial institutions.
At Bajaj Finance, we offer competitive interest rates for our used car loans. For detailed information on our interest rates and associated charges, visit our fees and charges page, where you will find comprehensive details.
To help you make informed decisions about your finances, we also provide convenient online tools like our EMI calculator. This tool helps in assessing your monthly instalments in advance, allowing you to plan effectively within your financial means. Our user-friendly used car loan EMI calculator simplifies the process, eliminating the need for complex calculations. By inputting basic details such as the principal amount, interest rate, and repayment duration, you will receive accurate and instantaneous results. This will help you in making an informed decision.
How to apply for a used car loan in Vadodara
Applying for second-hand car finance in Vadodara through Bajaj Finance is simple and hassle-free. Follow these straightforward steps to apply for Bajaj Finserv Used Car Loan:
- Visit our used car loan page and click on the 'APPLY' button to access the application form.
- Enter your mobile number and verify your details using the OTP sent to your mobile number.
- Fill out the application form with your basic information. You will be asked to share details such as your full name, email ID, and more.
- If you have already selected a vehicle, provide specific details about the car.
- Review and verify your KYC (Know Your Customer) details. If any changes are needed, you can make them before proceeding.
- If necessary, schedule an appointment for additional verification and submit the form.
Once you have completed these steps, our dedicated representatives will connect with you to guide you through the next stages of the process.
In conclusion, Bajaj Finance offers a seamless solution for securing used car loans in Vadodara. With transparent eligibility criteria, competitive interest rates, and a hassle-free application process, Bajaj Finance makes borrowing easy for you.
