Choose our loan against car and get a high-value loan against your vehicle. Fulfil our basic eligibility criteria and submit just a few documents to get quick approval on your loan application. Get a high-value loan against your car and repay your loan comfortably over flexible tenures ranging from 12 months to 84 months. Apply now and get the funds you need in just 48 hours* of approval.
Key Features
Get a loan amount that covers the complete value of your car.
Get your in-principle sanction letter on approval of the loan.
You only need a few basic documents such as your KYC, income proof, bank statements, and car papers.
Plan your loan repayment and choose tenure that suits you best.
How to apply for a Loan Against Car
How to apply for a Loan Against Car
A step-by-step guide to applying for a loan against car
- Click on the 'APPLY' button on this page.
- Enter your 10-digit mobile number and submit the OTP for verification.
- Fill in your asset details such as the loan active on your car, make, model, variant, and more.
- Fill in the application form with your personal information, such as your name, mobile number, email ID, pin code, residence type and type of employment.
- Submit your loan against car application.
Our representative will call and guide you on the next steps. The loan amount will be transferred to your bank account once your documents are successfully verified.
Features and benefits
Loan Against Car with minimal documentation
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Loan amounts ranging from Rs. 1 lakh to Rs. 77 lakh
Get loan amounts ranging from Rs. 1 lakh to Rs. 77 lakh and manage your significant or small expenses.
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Convenient tenures
Repay your loan easily with flexible repayment options ranging from 12 months to 84 months. You can use our online loan against car calculator to estimate your EMI amount in advance.
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Minimal documentation
You only need to submit a few basic documents to apply for our loan against car.
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No hidden charges
We mention our fees and charges on our loan documents and also on this page. We advise you to read them in detail before applying.
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Pre-approved offers
Check your pre-approved offer online by simply entering your mobile number and OTP and receive funds instantly.
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Quick approval
In most cases, your application for a loan against car will get approved within a day of document verification.
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End-to-end online application process
You can apply for our loan against car at competitive loan against car interest rate from the comfort of your home, at a time convenient for you.
Eligibility and documents
Eligibility criteria for Loan Against Car
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You have to meet some basic loan against car eligibility criteria. Once you meet all the criteria, you will need a few documents to complete your application process.
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Eligibility criteria
- Nationality: Indian
- Age: 21 to 80 years*
- CIBIL Score: 650 or higher is required
- Employment:
- For Salaried: Individuals should have at least 1 year of experience and a minimum monthly salary of Rs. 20,000
- For Self-Employed: Applicant must submit an ITR filed for the last 2 years
- *Age should be 80 or less at the end of the loan tenure.
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Documents required
KYC documents – Aadhaar/ passport/ voter’s ID
PAN card
Employee ID card
Bank statements for the last 3 months
Salary slips for the last 3 months
Vehicle registration certificate
*Terms and conditions apply
Applicable fees and charges
Frequently asked questions
Overview
Repayment
Application
Eligibility
What is a loan against car?
Bajaj Finserv Loan Against Car is a loan that allows pledging your car to get a loan. With our loan against car, you can benefit from high-value loans and flexible repayment tenures.
Who can avail of a loan against car?
Anyone who owns a car, meets the minimum eligibility criteria, and submits the required documents can avail themselves of a loan against the car.
Does this require a car verification or valuation?
We will conduct verification and valuation on the vehicle you offer as security.
Is a guarantor required for a loan against car?
The guarantor is not required as the vehicle serves as a security.
Which cars are eligible for a loan against car?
All vehicles including hatchbacks, sedans, and more are eligible for a loan against car. Models that are out of production are however not eligible for a loan against car. Funding against commercial/yellow number plate cars is not available.
What are the tenure options available for a loan against car?
The repayment period for the loan ranges from 12 months to 84 months. You can use the loan against car calculator to find out your EMI amount in advance. This tool will help you make an informed choice when selecting tenure options.
How do I apply for a loan against car?
Simply click on the 'Apply’ button to open the online application form. Once you share your basic details, our representative will call and help you with the further process. Submit the required documents to our representative. Once your documents are verified and your loan is approved, you will get the money in your account.
What is the minimum CIBIL Score required to get a loan against car?
A loan against car is a secured loan where you use your car as collateral and get funds against it. To qualify for a loan against car, you should have a CIBIL Score of 650 or higher. You can check out the loan against car interest rates page to know more about the fees and charges. Read more about the eligibility criteria for a loan against car.
What are the parameters that determine the eligibility of a loan against car?
You need to meet the following eligibility criteria to get a loan against car.
Your age must be between 21 and 80* years.
If you are a salaried individual, you must have a monthly salary of Rs. 20,000.
If you are a self-employed individual, you must have filed ITR for the last 2 years.
You must have a CIBIL Score of 650 or higher.
Besides meeting these eligibility criteria, you need to submit a few documents such as KYC documents, salary slips and more. Look at the complete list of documents needed.
How much loan can I get against the car?
You can borrow loan amounts ranging from Rs. 1 lakh to Rs. 77 lakh with a loan against car. However, the loan amount depends on the valuation of your asset. Bajaj Finance offers a loan against car that comes with simple eligibility criteria and minimal documents. Here is a look at the features of a loan against car.
Can I get a loan against car without income proof?
If you are a salaried individual who is looking for a loan against car, you need to submit your salary slips to get funds. You also need to have a minimum monthly salary of Rs. 20,000 to be eligible to get a loan against car.
However, if you are a self-employed individual who needs a loan against car, you need to submit your bank statements.
You can also read about how to get a loan against car without ITR
What our customers say about us
Aditya Verma
13 Jul 2025
“I got a used car loan from Bajaj Finserv and the process was super smooth. The application was completely online, documentation was minimal, and my loan got approved quickly. The EMI options were flexible and suited my budget perfectly. Very satisfied with the overall experience.”
Rohit Sharma
22 Aug 2025
“Bajaj Finserv made buying a second-hand car really easy for me. The interest rate was competitive, and the approval came faster than I expected. The customer support team was helpful and guided me at every step. Highly recommended for anyone planning to buy a used car.”
Ashwin Kamble
01 May 2025
“I was worried about getting a loan for a used car, but Bajaj Finserv made it hassle-free. From easy application to quick disbursal, everything was well managed. The EMIs are affordable and transparent, with no hidden charges. Great service overall.”
Rekha Sharma
13 Jun 2025
“The used car loan process with Bajaj Finserv was quick and stress-free. I liked how clear the terms were and how fast the approval came through. The EMIs are affordable, and the entire journey was transparent from start to finish.”
Sejal Lalchandani
15 Apr 2024
“Buying a second-hand car became much easier with Bajaj Finserv. The online application saved a lot of time, and the loan amount covered most of the car value. Smooth experience, quick disbursal, and reliable service.”
Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.