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All You Have to Find out about Used Automotive Loans

3 min read

Study concerning the options and advantages of a used automobile mortgage to fund the acquisition of your favourite automobile.

In a world that thrives on mobility, the aspiration of proudly owning a automobile is not reserved for the privileged few. Used automobiles have emerged as a lifeline for people searching for a dependable car with out the monetary burden of buying a brand-new automobile.

Although shopping for a used automobile is a cheap possibility, it nonetheless requires enormous funds. In such circumstances, used automobile loans grow to be a go-to alternative for a lot of as you may cut up the price of your automobile into small month-to-month installments.

Bajaj Finance, a outstanding non-banking monetary firm (NBFC), offers hassle-free eligibility necessities and minimal documentation for its used automobile loans. This providing not solely ensures a seamless borrowing course of for the purchasers but in addition presents fast entry to substantial financing.

Listed below are the 5 the explanation why used automobile loans are an ideal financing resolution for second-hand automobile purchases.

With used automobile loans, you may entry an enormous sum of funds, providing you with the pliability to buy your required car with out compromising on finances. Bajaj Finance presents a high-value mortgage of as much as Rs. 77 lakh in your used automobile buy.

  • Easy Eligibility and Minimal Paperwork

Bajaj Finance presents used automobile loans with easy eligibility standards and minimal documentation for salaried and self-employed people. You’ll be able to qualify for this mortgage product if you’re an Indian citizen between 18 and 80 years* with a CIBIL Rating of 720 or greater. Moreover, you need to fulfill the fundamental earnings standards and submit only a handful of paperwork, together with KYC paperwork, financial institution statements, wage slips, and so on.

Pre-owned automobile loans normally have a fast disbursal course of. This characteristic means that you can buy the automobile of your alternative instantly. With Bajaj Finserv Used Automotive Mortgage, you may get disbursal inside 48 hours* of approval.

The method of securing a used automobile mortgage is streamlined and user-friendly. It comes with a easy on-line software and offers funds with none problem. Bajaj Finance presents used automobile loans with a simple on-line software and a doorstep doc assortment facility. This hassle-free course of means that you can apply for a pre-owned automobile mortgage with out leaving dwelling.

  • Longer Compensation Tenure Choices

A pre-owned automobile mortgage normally comes with an extended reimbursement tenure. These versatile tenure choices mean you can unfold the price of your automobile into reasonably priced month-to-month instalments. With Bajaj Finserv Used Automotive Mortgage, you may unfold your automobile’s value over as much as 72 months.

Choosing a used automobile mortgage is a superb resolution when financing your car buy. Options similar to a hassle-free software course of, high-value mortgage, and fast disbursal make it an ideal monetary resolution for debtors. With Bajaj Finserv Used Automotive Mortgage, one can avail of asset-based financing of as much as 100% of the automobile’s worth at aggressive rates of interest. Bajaj Finance additionally presents a novel Flexi Mortgage facility that means that you can withdraw from a sanctioned mortgage restrict as many instances as you need. You may as well part-prepay each time you will have surplus funds at no further value.

Don’t wait to deliver your favourite automobile dwelling. Apply for a used automobile mortgage in the present day!

*Phrases and circumstances apply

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