Bajaj Finance Car Loan Bajaj Finance Car Loan: In this article, we will provide you information about Bajaj Finance car loan. Anyone can avail this loan to buy their dream car.
in present time Bajaj Finance Car Loan Interest Rate 11% p.a. starts from You can get this loan for a loan tenure of 60 months. Under this car loan, you can get a loan of up to Rs 20 lakh. The processing fee for the loan is 4% of the loan amount + applicable taxes.
In this article, we will know in detail what is Bajaj Finance Car Loan, what is the Interest Rate, Eligibility, Documents for this loan and how can we apply for this loan, etc., so read this article till the end. .
Bajaj Finance Car Loan
If you want to buy a car and you have a shortage of funds, then you can join Bajaj Finance Car Loan. When you take a loan to buy a new or used car, it is a car loan. The way we take a bike loan to buy a bike, there is a similar type of car loan.
Bajaj Finance Car loan comes under the category of a secured loan. In this loan, your car itself acts as collateral. Your CIBIL Score should be very good to take a loan.
If your credit score is very good, then you can take advantage of the bank’s attractive Car loan interest rate. There are mainly three types of car loans, out of which Bajaj Finance offers two main types of car loans, used car loan and loan against car.
Before applying for this loan, you must calculate your loan EMI with the help of Bajaj Finance Car Loan EMI Calculator so that you can know about the installments to be paid at the time of loan repayment.
HIGHLIGHTS:
| loan name | Bajaj Finance Car Loan 2022 |
| lender | Bajaj Finance |
| rate of interest | 11% p.a. onwards |
| loan tenure | 12 to 60 months |
| loan amount | up to Rs.20 lakh |
| processing fee | Up to 4% of the loan amount |
| official website | www.bajajfinserv.in |
Bajaj Finance Car Loan Types
Bajaj Finance offers two types of car loans which are as follows:
- Loan against Car
- Used Car loan
Loan against Car:
- When we take a loan for a new car by mortgaging our old car, it is a Loan against Car loan.
- Under this loan, you can get a loan of up to Rs.20 lakh.
- The loan tenure of Bajaj Finance Car Loan is 12 to 60 months.
- You can get approval for the loan in a day.
- If you are its existing customer then you can take advantage of Pre Approved Car Loan.
- You can apply for this loan both online and offline with minimum documents.
- Once the loan is approved, the loan amount is transferred to your bank account within 24 hours.
- No hidden charges will be taken.
Bajaj Finance Used Car loan (Used Car Loan):
- When you take a loan to buy an old car, it comes under this category.
- Get complete convenience from document collection to RC transfer with doorstep assistance.
- Get instant approval for the loan.
Bajaj Finance Car Loan Eligibility
Only those people who are eligible can apply for this loan. The following are the eligibility criteria to apply:
Eligibility for Loan against Car:
| for salaried individual | For Self Employed Individuals |
|---|---|
| Minimum age of applicant 21 years | Minimum age of applicant 25 years |
| Maximum age 60 years | Maximum age 65 years |
| The minimum monthly salary of the applicant should be Rs.20,000 | Self Employed Sole Proprietorship is eligible for |
| Must have at least 1 year work experience | If the loan amount is 15 lakhs or more then income tax return file for the last 2 years has to be submitted |
Eligibility for Used Car Loan:
- Both salaried and self-employed individuals can apply for this loan.
- The age of the salaried person should be 21 to 60 years.
- The age of the self-employed person should be between 25 to 65 years.
- Salaried person should have at least 1 year of work experience.
- This loan is available only for private cars.
- The car should not be more than 10 years old at the end of the tenure.
- The number of previous owners of the car should not be more than 2.
Bajaj Finance Car Loan Documents Required
Documents for Loan against Car:
- KYC documents
- passport size photo
- Bank statement
- salary slip
- RC Book
Bajaj Finance Used Car Loan Documents Required,
- KYC Documents
- Bank statement of last 3 months.
- Salary slips of last 3 months for salaried individuals.
- Income tax returns of the last 2 years for loan amount above 15 lakhs for self-employed individuals.
How to apply for Bajaj Finance Car Loan?
You can apply online or offline to buy your dream car from Bajaj Finance. The process to apply is given here:
Bajaj Finance Car Loan Apply Online
- To apply online, first you have to visit the official website of Bajaj Finance.
- After visiting the website you car loan Have to come to the option of
- to apply Online Apply Now Have to click on the option.
- The loan application form will open in front of you.
- In this you have to enter the requested information and submit the form.
- After submitting the form, finance will contact you and proceed with the loan process.
Apply for Bajaj Finance Car Loan Offline
- To apply offline, you must first visit your nearest Bajaj Finance branch.
- Contact the branch staff who will provide you complete details of the car loan.
- Then your documents will be verified.
- You will have to fill a form with which documents have to be attached and submitted there.
- If your loan is approved, the loan amount is transferred to your bank account.
Bajaj Finance Car Loan Contact Number
- Helpline Number: +91-8698010101
conclusion
In this article we have given you Bajaj Finance Car Loan Complete information about has been provided. You can also call Bajaj Finance Customer Care Number for more information.
For any kind of information about this loan, you can write to us in the comment section.
FAQ:
Yes, Bajaj Finance offers loan for buying a used car.
20 lakhs up to Rs.
Starts at 11% p.a.