Cars play a vital role in modern society, facilitating mobility and enhancing convenience in everyday life. However, the cost of purchasing a car can be a significant financial burden for many individuals. This is where car loans come into play, providing a feasible solution for financing. Car loans enable people to spread the cost of a vehicle over time, making it more accessible and affordable. There are two primary types of car loans: new car loans and used car loans. As the name suggests, new car loans are tailored for purchasing brand-new vehicles, often offering lower interest rates and longer repayment terms. On the other hand, used car loans are designed for buying pre-owned vehicles, accommodating those seeking more budget-friendly options. Regardless of the type, car loans empower individuals to fulfil their transportation needs while managing their finances effectively.
In today's rapidly evolving digital sphere, securing a car loan has become remarkably convenient, thanks to the availability of loan applications. Among these, one such app that makes your borrowing easy and convenient is the Bajaj Finserv app. In this article, we will explore the benefits of using the Bajaj Finserv app and how it simplifies the process of applying for a car loan.
Benefits of car loan apps
- Accessible anytime, anywhere: In contrast to the fixed schedules of traditional banks, loan apps are at your service 24/7, offering flexibility, and convenience at any hour.
- Effortless online application process: With the help of the user-friendly interface, applying for a car loan becomes a breeze. With just a few taps, you can complete the application, saving valuable time and energy.
- Minimal documentation required: Gone are the days of tedious branch visits and stacks of paperwork. Utilising loan apps for a car loan ensures a hassle-free experience with significantly reduced documentation.
- Swift approval process: By leveraging advanced technology, loan apps expedite the approval process, bypassing the lengthy paperwork and verifications associated with traditional loan procedures.
How to book a new car with our financing option – new car loan
If you are planning to buy a new car and need a financing solution, follow these simple steps, and bring home your dream car with ease.
Download the Bajaj Finserv app
Go to the Play Store or the App Store on your mobile device and download the Bajaj Finserv app.
Activate your account
Upon installation, enter your mobile number to log in and activate your app.
Navigate to the new car loan section
From the app's home screen, select the loans option, then choose the new car loan from the available options.
Explore car options on Bajaj Mall
Browse a host of car options, check their specifications, and find your desired vehicle.
Choose an EMI plan and book your vehicle
Once you find your desired car, you can choose an EMI plan as per your repayment capacity and book your dream using our financing option – a new car loan.
How to apply for a used car loan
If you are planning to purchase a pre-owned car, you can apply for a used car loan using the Bajaj Finserv app by following these simple steps.
Navigate to the used car loan section
From the app's home screen, select the loans option, then choose the used car loan from the available options.
Input your personal details
Provide essential personal information including your name, PAN card details, and more.
Enter vehicle details
If you have already selected a vehicle, enter its relevant details as prompted.
Complete KYC verification
Verify or update your KYC (Know Your Customer) details as required. Following this step, schedule an appointment for further verification.
Await contact from our representative:
Sit back as our representative reaches out to guide you through the subsequent steps and ensure a smooth loan application process.
Start your application now by downloading the Bajaj Finserv app
In this era of digital lending, loan apps epitomise efficiency and accessibility, offering you unparalleled speed and convenience. However, it is imperative to tread carefully and select trusted platforms to ensure a seamless and safe borrowing experience in the digital landscape.
