In a world of uncertainties, there are chances that you might encounter a myriad of planned and unplanned expenses. This includes funding for higher education, making home renovations, covering costs incurred during a wedding, or dealing with urgent medical expenses. In such instances, individuals often look for quick financial assistance to help them manage these challenges head-on.
Opting for a loan against your assets, particularly your car, can be a wise choice in situations like these. You can gain access to a substantial loan amount at competitive interest rates by using your car as collateral. Bajaj Finance offers loan against car, that comes with simple eligibility and minimal documentation to manage your unexpected expenses.
Let's look at the benefits of getting a loan against car to meet your urgent expenses
- High-value financing
A loan against your car offers the benefit of accessing a substantial loan amount to cover both minor and significant expenses. Since it is a secured loan, you can secure a high-value loan amount against the car's value.
Bajaj Finance provides a loan against car with a significant value of up to Rs. 77 lakh, helping you to effectively manage a diverse range of expenses. - Quick approval
Time is of the essence when you are dealing with urgent expenses. The application process for a loan against car is quick and straightforward. Since this is a secured loan, lenders can process the application faster and require fewer documents, streamlining the approval process.
With Bajaj Finance Loan Against Car, you can enjoy the convenience of the hassle-free application process and quick approval. - Rapid disbursal
Once your loan is approved, the funds are disbursed swiftly, providing you with immediate access to the required funds. Lenders transfer the loan amount directly to your bank account, enabling you to use the funds for your urgent expenses immediately.
Our customers can enjoy the convenience of having the loan amount credited to their bank accounts within 48 hours* of the loan being approved. This efficient process ensures prompt access to funds, enabling customers to address their financial requirements without any unnecessary delays. - Minimal documentation
A loan against car typically requires minimal documentation compared to traditional unsecured loans. You need to provide the necessary documents related to the ownership and registration of the vehicle, along with your identification and proof of residence. This streamlined paperwork not only expedites the application process but also simplifies the overall loan procedure.
You will be required to submit basic documents for a loan against car such as your KYC documents, PAN card, employee ID card, bank statements, salary slips, and vehicle registration certificate while applying for a Bajaj Finance Loan Against Car. - Flexibility in repayment
Lenders offer various repayment tenures, enabling you to select the one that best suits your financial situation. You can choose shorter tenures for quicker loan repayment or longer tenures for more manageable monthly instalments.
Bajaj Finance Loan Against Car offers convenient tenures ranging from 12 months to 84 months. Customers have the flexibility to choose a repayment tenure that aligns with their financial capacity and goals, ensuring a comfortable and affordable repayment process.
Loan against cars serves as an excellent alternative to traditional financing options, offering individuals swift access to funds while retaining the use of their vehicle.
Bajaj Finance also offers loan against cars with the Flexi facility, allowing you to borrow from your sanctioned loan limit and part-prepay as needed, at no extra cost. You only need to pay interest on the withdrawn amount, and not on the entire sanctioned amount. Moreover, you can opt for lower monthly instalments by choosing our Flexi Hybrid variant with interest-only EMIs for the initial part of the tenure.
Click the link below to know more about this loan offering and apply for a loan against car today.
