Recent Search and Popular Product
Business Loan
Personal Loan
Home Loan
Education Loan
Car Loan
Credit Card
Loan Against Security
Loan Against Property
Explore Your Options
Bajaj Finserv Used Car Loan
If you are planning to buy an old car either for yourself or for your business, keep in mind that it requires financial assistance. At Bajaj Finserv, they offer used car loans to help you finance your dream car. Their available used cars range from small hatchbacks to big sedans, luxury SUVs, and luxurious cars; all you need is a 12-60 months loan term and a value of up to INR 20 lakhs.Powered By
Bajaj Finserv Used Car Loan
Apply Now
Here are a few factors
| Location | 50Km from Branch |
| CIBIL Score | 720+ |
| Loan Amount & Tenure | 1.
Sale-Purchase-60 Lac 2. Refinance-25 Lac 3. External BT-35 Lac (12 month to 60 month) |
| Loan to Value(LTV) | 1.
Sale-Purchase: Upto 90% of Value of Car 2. Refinance:90% of value of Car 3. External BT Topup-Upto 165% of Value of Car |
| Type of Funded Vehicle | Funding to 3rd Owner |
| Rate of Interest & Type | 12% to 16% (Reducing) |
| Processing Fees | Upto 2% of Loan amount |
| TAT | Sanction-3 Days Disbursement-3 Days |
| Foreclosure Charges | 5% after 6 month |
| Applicant | Any Salaried or Self Employed Person |
| Applicant Age | Salaried-21 Year to 60 year, Self Employed-23 year to 70 year |
| Applicant Minimum Income | 1. Salary - 20K Net 2.Self Employed - Last 2 year ITR> 3Lac |
| Business Vintage for Self Employed Applicant | 2 Year |
| Minimum Job Experience for Salaried Applicant | 2 Year |
| Whether Co-Applicant Mandatory | No |
| Part Payment Allowed | Yes, after 6 month |
| Product | 1.
Sale-Purchase 2. Refinance 3. External BT |
| Program | 1.
Banking Product-25 Lac 2. Income Program-15 Lac 3. No Income Proof-15 Lac |
| Negative Profile | Cash Salary Applicant, Advocates, Liquor Business, DSA Profile |
| USP | BT of loan which 6 EMI has been paid |
| Additional | Internal BT not doing |
Are you planning to buy a pre-owned car? Got your eye on the latest high-end sedan? Or, perhaps you are looking for something more practical - a small hatchback with five doors and four seats. Either way, there are numerous choices when it comes to buying a used automobile. If you want to purchase a used car or finance loans on your existing vehicle, applying for an Bajaj Finserv Bank Used Car Loan should be your first step. With Bajaj Finserv Bank Used Car Loan, you can avail yourself Up to 95% of the valuation amount(sale-purchase or used car loan); Up to 85% of the valuation amount(refinance loan), at attractive interest rates.
Required Documents to Apply for Bajaj Finserv Used Car Loan
Salaried Person
-
KYC of applicant
-
Last 3 Month Salary Slip of Applicant
-
Last 12 month Bank Statement of applicant
-
Last 3 year ITR with computation of income of applicant or Last 2 Year Form 16 of applicant
-
26AS of last 2 year of applicant
-
RC of CAR
-
Insurance Copy
-
Sanction letter of all running loan
-
Latest utility Bill if owned residence or rent agreement if rented
Self Employed
-
KYC of applicant
-
Last 3 year ITR with computation of income of applicant
-
Last 3 year audited balance sheet of applicant if available
-
Last 3 year Tax audit report of applicant if applicable
-
Last 12 month Bank Statement of applicant
-
RC of CAR
-
Insurance Copy
-
Copy of GST registration if available
-
Copy of Last 12 month GST return if applicable
-
Sanction letter of all running loan
-
Latest utility Bill of residence if owned or rent agreement if rented
-
Latest utility Bill of Office if owned or rent agreement if rented
-
List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership Firm/LLP
About Bajaj Finserv Used Car Loan
Bajaj Finserv is a well-known Indian financial organization that provides a variety of financial products and services, including used automobile loans. Used car loans are specifically designed to assist people in purchasing used vehicles without having to pay the whole amount upfront.
On used automobile loans, Bajaj Finserv provides attractive interest rates. Rates of interest may vary depending on criteria such as loan sum, loan tenure, and creditworthiness.
Bajaj Finserv usually permits consumers to make partial payments or foreclose on their used automobile loans without paying additional fees or penalties, providing flexibility in loan management.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
Let us take an example, How EMI is being calculated
| Year | Principal (A) |
Interest (B) |
Total Payment (A + B) |
Balance | Loan Paid To Date |
|---|---|---|---|---|---|
| 2022 | ā¹ 83,031 | ā¹ 38,627 | ā¹ 1,21,658 | ā¹ 9,16,969 | 8.30% |
| Jul | ā¹ 13,610 | ā¹ 6,667 | ā¹ 20,276 | ā¹ 9,86,390 | 1.36% |
| Aug | ā¹ 13,700 | ā¹ 6,576 | ā¹ 20,276 | ā¹ 9,72,690 | 2.73% |
| Sep | ā¹ 13,792 | ā¹ 6,485 | ā¹ 20,276 | ā¹ 9,58,898 | 4.11% |
| Oct | ā¹ 13,884 | ā¹ 6,393 | ā¹ 20,276 | ā¹ 9,45,014 | 5.50% |
| Nov | ā¹ 13,976 | ā¹ 6,300 | ā¹ 20,276 | ā¹ 9,31,038 | 6.90% |
| Dec | ā¹ 14,069 | ā¹ 6,207 | ā¹ 20,276 | ā¹ 9,16,969 | 8.30% |
| 2023 | ā¹ 1,76,332 | ā¹ 66,985 | ā¹ 2,43,317 | ā¹ 7,40,637 | 25.94% |
| Jan | ā¹ 14,163 | ā¹ 6,113 | ā¹ 20,276 | ā¹ 9,02,805 | 9.72% |
| Feb | ā¹ 14,258 | ā¹ 6,019 | ā¹ 20,276 | ā¹ 8,88,548 | 11.15% |
| Mar | ā¹ 14,353 | ā¹ 5,924 | ā¹ 20,276 | ā¹ 8,74,195 | 12.58% |
| Apr | ā¹ 14,448 | ā¹ 5,828 | ā¹ 20,276 | ā¹ 8,59,746 | 14.03% |
| May | ā¹ 14,545 | ā¹ 5,732 | ā¹ 20,276 | ā¹ 8,45,202 | 15.48% |
| Jun | ā¹ 14,642 | ā¹ 5,635 | ā¹ 20,276 | ā¹ 8,30,560 | 16.94% |
| Jul | ā¹ 14,739 | ā¹ 5,537 | ā¹ 20,276 | ā¹ 8,15,821 | 18.42% |
| Aug | ā¹ 14,838 | ā¹ 5,439 | ā¹ 20,276 | ā¹ 8,00,983 | 19.90% |
| Sep | ā¹ 14,937 | ā¹ 5,340 | ā¹ 20,276 | ā¹ 7,86,046 | 21.40% |
| Oct | ā¹ 15,036 | ā¹ 5,240 | ā¹ 20,276 | ā¹ 7,71,010 | 22.90% |
| Nov | ā¹ 15,136 | ā¹ 5,140 | ā¹ 20,276 | ā¹ 7,55,874 | 24.41% |
| Dec | ā¹ 15,237 | ā¹ 5,039 | ā¹ 20,276 | ā¹ 7,40,637 | 25.94% |
| 2024 | ā¹ 1,90,967 | ā¹ 52,350 | ā¹ 2,43,317 | ā¹ 5,49,670 | 45.03% |
| Jan | ā¹ 15,339 | ā¹ 4,938 | ā¹ 20,276 | ā¹ 7,25,298 | 27.47% |
| Feb | ā¹ 15,441 | ā¹ 4,835 | ā¹ 20,276 | ā¹ 7,09,857 | 29.01% |
| Mar | ā¹ 15,544 | ā¹ 4,732 | ā¹ 20,276 | ā¹ 6,94,313 | 30.57% |
| Apr | ā¹ 15,648 | ā¹ 4,629 | ā¹ 20,276 | ā¹ 6,78,665 | 32.13% |
| May | ā¹ 15,752 | ā¹ 4,524 | ā¹ 20,276 | ā¹ 6,62,913 | 33.71% |
| Jun | ā¹ 15,857 | ā¹ 4,419 | ā¹ 20,276 | ā¹ 6,47,056 | 35.29% |
| Jul | ā¹ 15,963 | ā¹ 4,314 | ā¹ 20,276 | ā¹ 6,31,094 | 36.89% |
| Aug | ā¹ 16,069 | ā¹ 4,207 | ā¹ 20,276 | ā¹ 6,15,025 | 38.50% |
| Sep | ā¹ 16,176 | ā¹ 4,100 | ā¹ 20,276 | ā¹ 5,98,848 | 40.12% |
| Oct | ā¹ 16,284 | ā¹ 3,992 | ā¹ 20,276 | ā¹ 5,82,564 | 41.74% |
| Nov | ā¹ 16,393 | ā¹ 3,884 | ā¹ 20,276 | ā¹ 5,66,172 | 43.38% |
| Dec | ā¹ 16,502 | ā¹ 3,774 | ā¹ 20,276 | ā¹ 5,49,670 | 45.03% |
| 2025 | ā¹ 2,06,817 | ā¹ 36,499 | ā¹ 2,43,317 | ā¹ 3,42,852 | 65.71% |
| Jan | ā¹ 16,612 | ā¹ 3,664 | ā¹ 20,276 | ā¹ 5,33,058 | 46.69% |
| Feb | ā¹ 16,723 | ā¹ 3,554 | ā¹ 20,276 | ā¹ 5,16,335 | 48.37% |
| Mar | ā¹ 16,834 | ā¹ 3,442 | ā¹ 20,276 | ā¹ 4,99,501 | 50.05% |
| Apr | ā¹ 16,946 | ā¹ 3,330 | ā¹ 20,276 | ā¹ 4,82,555 | 51.74% |
| May | ā¹ 17,059 | ā¹ 3,217 | ā¹ 20,276 | ā¹ 4,65,495 | 53.45% |
| Jun | ā¹ 17,173 | ā¹ 3,103 | ā¹ 20,276 | ā¹ 4,48,322 | 55.17% |
| Jul | ā¹ 17,288 | ā¹ 2,989 | ā¹ 20,276 | ā¹ 4,31,035 | 56.90% |
| Aug | ā¹ 17,403 | ā¹ 2,874 | ā¹ 20,276 | ā¹ 4,13,632 | 58.64% |
| Sep | ā¹ 17,519 | ā¹ 2,758 | ā¹ 20,276 | ā¹ 3,96,113 | 60.39% |
| Oct | ā¹ 17,636 | ā¹ 2,641 | ā¹ 20,276 | ā¹ 3,78,477 | 62.15% |
| Nov | ā¹ 17,753 | ā¹ 2,523 | ā¹ 20,276 | ā¹ 3,60,724 | 63.93% |
| Dec | ā¹ 17,872 | ā¹ 2,405 | ā¹ 20,276 | ā¹ 3,42,852 | 65.71% |
| 2026 | ā¹ 2,23,983 | ā¹ 19,334 | ā¹ 2,43,317 | ā¹ 1,18,869 | 88.11% |
| Jan | ā¹ 17,991 | ā¹ 2,286 | ā¹ 20,276 | ā¹ 3,24,862 | 67.51% |
| Feb | ā¹ 18,111 | ā¹ 2,166 | ā¹ 20,276 | ā¹ 3,06,751 | 69.32% |
| Mar | ā¹ 18,231 | ā¹ 2,045 | ā¹ 20,276 | ā¹ 2,88,520 | 71.15% |
| Apr | ā¹ 18,353 | ā¹ 1,923 | ā¹ 20,276 | ā¹ 2,70,167 | 72.98% |
| May | ā¹ 18,475 | ā¹ 1,801 | ā¹ 20,276 | ā¹ 2,51,691 | 74.83% |
| Jun | ā¹ 18,598 | ā¹ 1,678 | ā¹ 20,276 | ā¹ 2,33,093 | 76.69% |
| Jul | ā¹ 18,722 | ā¹ 1,554 | ā¹ 20,276 | ā¹ 2,14,371 | 78.56% |
| Aug | ā¹ 18,847 | ā¹ 1,429 | ā¹ 20,276 | ā¹ 1,95,523 | 80.45% |
| Sep | ā¹ 18,973 | ā¹ 1,303 | ā¹ 20,276 | ā¹ 1,76,550 | 82.34% |
| Oct | ā¹ 19,099 | ā¹ 1,177 | ā¹ 20,276 | ā¹ 1,57,451 | 84.25% |
| Nov | ā¹ 19,227 | ā¹ 1,050 | ā¹ 20,276 | ā¹ 1,38,224 | 86.18% |
| Dec | ā¹ 19,355 | ā¹ 921 | ā¹ 20,276 | ā¹ 1,18,869 | 88.11% |
| 2027 | ā¹ 1,18,869 | ā¹ 2,789 | ā¹ 1,21,658 | ā¹ 0 | 100.00% |
| Jan | ā¹ 19,484 | ā¹ 792 | ā¹ 20,276 | ā¹ 99,385 | 90.06% |
| Feb | ā¹ 19,614 | ā¹ 663 | ā¹ 20,276 | ā¹ 79,772 | 92.02% |
| Mar | ā¹ 19,745 | ā¹ 532 | ā¹ 20,276 | ā¹ 60,027 | 94.00% |
| Apr | ā¹ 19,876 | ā¹ 400 | ā¹ 20,276 | ā¹ 40,151 | 95.98% |
| May | ā¹ 20,009 | ā¹ 268 | ā¹ 20,276 | ā¹ 20,142 | 97.99% |
| Jun | ā¹ 20,142 | ā¹ 134 | ā¹ 20,276 | ā¹ 0 | 100.00% |
FREQUENTLY ASKED QUESTIONS
The Processing Fee of Bajaj Finserv Used Car Loan is 2.95% of the loan amount
The Flexi Hybrid feature lets you pay only the interest on the amount that you are using, and not on the entire balance.
Up to 90% of the car's value will be provided as a loan by Bajaj Finserv.
EMI is an acronym for equated monthly instalment, a type of payment schedule used to repay loans.
You can apply for a Bajaj Finserv Used Car Loan through the official website of Bajaj Finser or you can also visit referloan.in and get it in a few simple steps.
Copyright 2025 Ā© upniva.com
