Bajaj Finance Car Loan Apply 2024 – Interest Rate & Types: In this article, we will know in detail what is Bajaj Finance car loan, what is the interest rate, eligibility, documents of this loan and how can we apply for this loan etc., so you can read this article till the end..
Anyone can take advantage of this loan to buy the car of their dreams. If you want to buy a car and you are short 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.
About Bajaj Finance Car Loan
car loan a secured loan falls under the category of. In this loan, your car acts as the collateral. for your loan CIBIL Score Must be very good. 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 provides the main two types of car loan, Used Car loan and Loan against Car.
Bajaj Finance Car Loan Interest Rate starts from 11% per annum. Processing Fee for the loan is 4% of the loan amount + applicable tax.
Read Also: HDFC Car Loan – Interest Rate -How to Apply
Types of Bajaj Finance Car Loan
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 one day.
- If you are its existing customer then you can take advantage of Pre Approved Car Loan.
- apply for this loan both online and offline with minimum documents.
- Once the loan is approved, the loan money is transferred to your bank account within 24 hours.
- No hidden charges will be taken.
Bajaj Finance Used Car loan:
- When you take a loan to buy a used car, it comes under this category.
- From receiving documents to RC transfer, get complete convenience with doorstep assistance.
- Get instant approval for loan.
Read Also: Axis Bank Car Loan – How To Get, Interest rate
Bajaj Finance Car Loan Eligibility
Only those individuals can apply for this loan who are eligible for it. Following are the eligibility to apply:
Eligibility for Loan Against Car :
| For salaried person | For self employed person |
| Applicant’s minimum age of 21 years | Minimum age of the applicant is 25 years |
| Maximum age 60 years | Maximum age 65 years |
| should have minimum monthly salary of 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 for the last 2 years has to be filed |
Eligibility for Used Car Loan:
- Both salaried and self-employed individuals can apply for this loan.
- Salaried person age should be 21 to 60 years.
- The age of self-employed person should be between 25 to 65 years.
- Salaried person should have at least 1 year work experience.
- This loan is available only for private cars.
- should not be more than 10 years old at the end of the term.
- The number of previous owners of the car should not be more than 2.
Bajaj Finance Car Loan Documents Required
Before applying for a loan, you should keep all your necessary documents together so that whenever the bank asks you for documents, you can show them all the documents immediately. Following are the documents required to apply for Bajaj Finance car loan:
Documents for Loan against Car :
- KYC documents
- Passport size photo
- Bank statement
- Salary slip
- RC Book
Documents Require for Bajaj Finance Used Car Loan
- KYC Documents
- Bank statement of last 3 months.
- Salary slip of last 3 months for salaried persons.
- Income Tax Return for last 2 years for loan amount above 15 lakhs for self-employed individuals.
How to apply for Bajaj Finance Car Loan ?
If you fulfill all the conditions of this loan, then you can apply for it both online and offline. Follow the steps given below to apply:
Bajaj Finance Car Loan Apply Online
- To apply online, first you need to visit the official website of Bajaj Finance. bajajfinserv.in But have to come.
- After visiting the website you car loan to come to the option.
- To apply Online Apply Now 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, the finance will contact you and the loan process will be issued further.
How to apply offline ?
- To apply offline, you have to first go to your nearest Bajaj Finance branch.
- Contact the employee of the branch who will provide you complete details of the car loan.
- Then your documents will be verified.
- You have to fill a form with which the document has to be attached and submitted there.
- If your loan is approved then the loan amount is transferred to your bank account.
Read Also: SBI Car Loan – How To Get, Interest Rate
Bajaj Finance Car Loan EMI Calculator
should calculate the EMI of your loan before applying for a car loan. By calculating the EMI of your loan, you can find out how much you will have to pay at the time of loan repayment. You can calculate your car loan EMI with the help of Car Loan EMI Calculator by visiting the official website of Bajaj Finance.
Car loan EMI depends on the loan amount, interest rate and loan tenure. You can search for cheap car loans by calculating the EMI of various car loans.
Bajaj Finance Car Loan Cusomter Care Number
If you want to know more about this car loan then you can call on Bajaj Finance car loan customer care number:
- Helpline Number: + 91-8698010101
My Last Word:
In this article we have you Bajaj Finance Car Loan, How to apply, types, benefits Provided complete information about. You can also call on Bajaj Finance Customer Care Number for more information. Anyone can take advantage of this loan to buy the car of their dreams.
Hope friends, you have found this article informative. If you liked this article then please share it as much as you can.
FAQ’s on Bajaj Finance Car Loan
Q. What is the interest rate of Bajaj Finance Car Loan ?
Ans. Starting at 11% per annum.
Q. Is car loan available with Bajaj Finserv ?
Ans. Yes, Bajaj Finance offers loans for buying a used car.
Q. How much car loan can I get from Bajaj Finance ?
Ans. Upto Rs. 20 lakh