Used Car Finance with Hybrid Flexi Facility

Used car loan Flexi Hybrid facility

With the Bajaj Finserv Used Car Loan, you can easily fund the purchase of a pre-owned vehicle. Get a high-value loan for your automobile and pay it off over a flexible tenure. By choosing a Flexi Hybrid Loan, you can choose to pay interest-only EMIs for the initial part of the tenure. This makes your loan even more manageable. You can also part-prepay your loan multiple times and withdraw from your loan limit at no additional cost.

Learn more about the used car loan with the Flexi Hybrid facility.

High-value loan

With a loan that covers up to 100% of the car's worth, purchasing a pre-owned vehicle becomes easy and manageable.
Convenient repayment options

Repay the loan over a flexible tenor or up to 84 months. Choose a period at your convenience.
Reduce your EMIs

The Flexi Hybrid feature provides you with flexible repayment options. You can pay interest-only EMIs for the initial part of the tenure.
Unlimited withdrawals

Borrow when you need from your loan limit, without the need for a fresh application every time.
Part-prepayment facility

Part-prepay when you can with the surplus funds at no extra cost.
Pay interest only on the borrowed amount

The Flexi Hybrid feature lets you pay interest only on the amount borrowed and not the entire sanctioned amount.

*Conditions apply

The eligibility criteria for a used car loan with the Flexi Hybrid facility are like its term loan counterpart.

Age

18 to 80 years *.
80 years or less at the time of loan maturity.
Employment

Salaried individuals with a minimum experience of 1 year and a minimum monthly salary of Rs. 20,000.
Car age and ownership

The car should not be more than 12 years old and should not have more than 2 former owners.
Car type

The loan will only be available for private cars