Balaji Finance

Used Car Loan

Used Car Loan

Balaji Financial Limited offers loans for a wide range of used cars including hatchbacks, premium hatchbacks, sedans, MUVs, and SUVs of varied vehicle brands.

  • Loans for purchase of used cars
  • Loan up to 7 Lacs
  • Loan tenure up to 36 months
  • The interest rate for the product ranges up to 26%.
  • Quick turn around time

BASIC ELIGIBILITY CRITERIA

Customer Profile

Salaried

Self Employed Non Professionals (SENP)

Farmers

Professionals

Min Age
18 Years

Residential Stability
2 Years

Minimum Business vintage/ Employment Stability
1 Year (Salaried/Farmer) &
3 Years (SENP/Professional)

Disposable Income (After Deduction of all EMIs)
Rs.12000/-

DOCUMENTS REQUIRED

  • Photograph – Latest Color Photograph
  • Identity proof (Any One) – Voter ID Card / PAN Card / Passport / Driving License / Aadhar Card / Govt. issued document + Photograph / Bank Sign Verification + Photo
  • Age Proof (Any One) – Voter ID Card with Date of Birth / PAN Card / Passport / Driving License / Aadhar Card / Govt. issued document with date of birth / Marks Sheet with date of birth
  • Signature Verification (Any One) – PAN Card / Driving License / Passport / Bank Signature Verification
  • Address Proof (Any One) – Fixed Line Telephone Bill / Government or Local Authority Bill (Electric / Tax / Water / Gas Bill) / Index copy or Sale Deed or Allotment Letter + Utility bill
  • Ownership Proof (Any One) – Electric Bill / Tax Bill / Water Bill / Possession Letter + Utility Bill / Power of Attorney + Utility Bill / Index copy + Utility Bill
  • Income Proof (Any One)
    1. For SENP/ Professionals – Shop Establishment Certificate / Sales and Purchase Bills / ITR / Financials with all schedules of last 3 Years
    2. For Salaried Applicants – Salary Slip of last 3 Months / Form 16 / TDS Certificate
    3. For Farmers – 7/12 & 8A Extract with milk income proof
  • Bank Statement – Last 6 months’ bank statement of all bank accounts