Features and benefits
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Speedy approval
Enjoy approval in just 5 minutes* on meeting our simple eligibility criteria.
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Money in the bank in 24 hours*
Get the loan amount in your bank account within a day after approval.
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Up to 45%* lower EMIs
Borrow flexibly and pay interest-only EMIs with our Flexi personal loans.
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Digital loan account
Use our customer portal, My Account to manage your EMIs and view your loan statement online.
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Flexible repayment over 96 months
Choose to repay your loan over a period of up to 8 years. You can use our Personal Loan EMI Calculator to calculate your EMIs.
Get the funds that you need to buy a pre-owned car with the Bajaj Finserv Personal Loan for used cars. Our eligibility terms are easy to meet, and we only check your basic documents to approve your loan application. Our fast loan processing ensures that you have the funds you need to buy a second-hand car on your terms.
You have the freedom to choose the loan term and repay it over up to 8 years.The competitive personal loan interest rate ensures your personal loan EMIs are affordable. Choose the Flexi facility to borrow when you need it and repay as you go. This also helps you reduce your EMIs by up to 45%* when you choose to pay interest-only EMIs for the initial part of the tenure.
Eligibility Criteria
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Nationality
Indian
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Age
21 years to 80 years
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CIBIL score
685 or higher
You can use the Personal Loan Eligibility Calculator to check your eligibility.
Fees and charges
See the personal loan interest rates and applicable charges to finance your used car.
How to apply for a personal loan for used cars?
Here is an easy guide to applying for a personal loan to finance a car online:
- 1 Click on APPLY ONLINE to go to the online application form
- 2 Share your phone number and verify your profile with an OTP
- 3 Enter your basic personal and employment data accurately
- 4 Share the required documents for verification and submit the form
A representative will contact you to share the next steps in getting your loan.
*Terms and conditions apply.
Frequently asked questions
Pre-owned cars have become quite popular in recent times. One can purchase a used car with a personal loan for a pre-owned car. This collateral-free credit facility offers substantial loan quantum and comes with competitive interest rates, flexible repayment tenures, hassle-free applications, and easy approval.
Some of the major benefits of availing a personal loan for pre-owned cars include:
- Convenient loan repayment tenure of up to 96 months
- Instant, hassle-free approval
- Loan amount deposited within 24 hours* of approval
- High loan amount
- Few documents required for loan approval
- No need to provide collateral and more
- So, availing of a personal loan can be an excellent credit option to purchase a pre-owned car
*Terms and conditions apply.
The loan quantum of a used vehicle loan will usually depend on the lending institution that one chooses. NBFCs like Bajaj Finserv provide substantial personal loans for pre-owned vehicles at competitive interest rates and flexible tenure.
Yes, a second hand car can be easily financed. Customers can opt for personal loans for used cars to fund the purchase of a second-hand or used vehicle. Such loans are offered at attractive interest rates and do not require much documentation. Applicants can enjoy other benefits, such as flexible loan repayment tenures (up to 96 months), easy eligibility criteria, and more.
