Pre-approved offer
You have a pre-approved offer of up to
₹

Car Loan Balance Transfer and Top-up

Instant disbursal | Up to Rs. 52 lakh | Tenure up to 84 months
4.3
CLBT_PDP_image_1
CLBT_PDP_image_2
CLBT_PDP_image_3
CLBT_PDP_image_4
CLBT_PDP_image_5
CLBT_PDP_image_1
CLBT_PDP_image_2
CLBT_PDP_image_3
CLBT_PDP_image_4
CLBT_PDP_image_5

Car Loan Balance Transfer and Top-up

Instant disbursal | Up to Rs. 52 lakh | Tenure up to 84 months
4.3

Key features

Watch video ‌
/content/dam/bajajfinserv/web/in/en/xaop/assets/sku-image-asset/loan/ucf/ucf_pdp_featureicon/UCF_PDP_02_Car_Value.png
Up to 180% funding of car value

Get a loan amount that covers the complete value of your car.

/content/dam/bajajfinserv/web/in/en/xaop/assets/sku-image-asset/loan/ucf/ucf_pdp_featureicon/UCF_PDP_03_In_Principle.png
In-principle sanction letter

Get your in-principle sanction letter on approval of the loan.

/content/dam/bajajfinserv/web/in/en/xaop/assets/sku-image-asset/loan/ucf/ucf_pdp_featureicon/UCF_PDP_04_Minimal_Doc.png
Minimal documentation

You only need a few basic documents such as your KYC, income proof, bank statements, and car papers.

/content/dam/bajajfinserv/web/in/en/xaop/assets/sku-image-asset/loan/ucf/ucf_pdp_featureicon/UCF_PDP_05_Flexible_Tenure.png
Flexible tenures

Plan your loan repayment and choose tenure that suits you best.

How to apply for a Car Loan Balance Transfer

How to transfer your Car Loan

How to transfer your Car Loan

  1. Click on the 'APPLY NOW' button on this page.

  2. Enter your 10-digit mobile number and submit the OTP for verification.

  3. Fill in the application form with your information, such as your date of birth and employment details among others.

  4. Enter the details of your car, such as the make and model, active loan, year of purchase and more.

  5. Verify or update your KYC details and proceed to schedule an appointment for further verification.

  6. Once you fill in all the details, click on ‘SUBMIT’ to finish your application.

Our representative will call you on the provided number for the next steps.

Keep your Aadhaar number and PAN card number handy for your loan application.

adhar-card pan-card-front

Features and benefits

How to apply for Used Car Loan?
 

How to apply for Used Car Loan?

  • Loan amounts ranging from Rs. 1 lakh to Rs. 52 lakh

    Transfer the balance of your existing car loan and get a high-value top-up of up to 180% of the car’s value within the range from Rs. 1 lakh to Rs. 52 lakh.

  • Flexible tenures

    Repay your loan easily with convenient repayment options ranging from 12 months to 84 months.

  • Immediate processing

    In most cases, you will get the car loan balance transfer and top-up amount credited to your account within 48 hours of approval*.

  • Premium services

    Get additional services such as car insurance, life insurance, financial fitness report, and GPS tracker at a very nominal cost.

  • Doorstep assistance

    Get doorstep support to complete your loan application process – from collecting documents to transferring your registration certificate.

  • No hidden charges

    Our fees and charges are clearly mentioned on our loan documents and on this page. Read them in detail before applying.

Show More
Show Less

Eligibility and documents

How to transfer your Car Loan?
 

How to transfer your Car Loan?

  • There are just a few simple criteria to be eligible for our car loan balance transfer and top-up. Once you meet all the criteria, you need very few documents to finish your application process.

  • Eligibility criteria

    • Nationality: Indian
    • Age: 21 to 80 years*
    • For salaried employees: Individuals should have at least 1 year of experience and a minimum monthly salary of Rs. 20,000
    • CIBIL Score: 650 or higher is required
    • For self-employed individuals: Applicants must submit an ITR proof for the last 2 years

    *You should be 80 years or younger at the end of the loan tenure.

  • Documents required

    • KYC documents: Aadhaar/ PAN card/ passport/ voter’s ID

    • Employee ID card

    • Bank statements for the last 3 months

    • Salary slips for the last 3 months

    • Vehicle registration certificate and insurance copy

*Terms and conditions apply

Show More
Show Less

Applicable fees and charges

Type of fee

Applicable charges

Rate of interest

10% to 18% p.a.

Processing fee

Up to 2.95% of the loan amount (inclusive of applicable taxes).

Documentation charges

Up to Rs. 2,360 (inclusive of applicable taxes).

Prepayment charges

Full Pre-payment (Foreclosure) Charges:

Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount payable by the borrower as on the date of such full pre-payment.


Part Pre-payment Charges:

Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment.


Note: -  If the primary Borrower is individual or Micro & Small Enterprises (MSEs) with or without co-borrower and loan is availed on Floating Rate of Interest, then there will be no Foreclosure / Part Prepayment Charges applicable, irrespective of the source of funds used for pre-payment of loans, either in part or in full, and without any minimum lock-in period.

Bounce charges

Rs. 1,500/- per bounce.

“Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason.

Penal chargeDelay in payment of instalment(s) shall attract Penal Charge at the rate of Up-to 24% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.
Stamp duty (as per respective state)Payable as per state laws and deducted upfront from loan amount
Repossession chargesRecovery of charges maximum up to Rs. 50,000 (inclusive of applicable taxes)
NOC for interstate transferRs. 1,180 (inclusive of applicable taxes).
NOC to convert from private to commercialRs. 3,540 (inclusive of applicable taxes).
Other NOCRs.1,180 - (inclusive of applicable taxes).

Frequently asked questions

Overview

Eligibility

Document

Repayment

Others

What is a car loan balance transfer and top-up facility?

Car loan balance transfer and top-up is a facility where you can transfer your existing car loan to Bajaj Finance and can also get some extra funds as a top-up based on your car’s valuation. Read to know how to apply for a car loan balance transfer and top-up.

Watch video ‌

How does the car loan balance transfer and top-up work?

With car loan balance transfer and top-up, you can transfer your existing car loan to Bajaj Finance Limited and get a top-up of up to 180% of your vehicle’s value. However, the maximum loan amount is up to Rs. 52 lakh.

Is the CIBIL Score important for getting a car loan balance transfer and top-up?

Your CIBIL Score plays a vital role in getting a car loan balance transfer and top-up. CIBIL Score must be 650 or above to be eligible for this facility.

Do I need a guarantor to avail of a car loan balance transfer and top-up?

You do not need a guarantor to avail of a car loan balance transfer and top-up. However, if your income does not meet our credit criteria, then you may require a guarantor to get a loan.

Q. What is the rate of interest on a car loan balance transfer and top-up?

Bajaj Finance Limited offers a car loan balance transfer and top-up loan at an interest rate starting at 10% p.a.

Does it require vehicle verification or valuation of the car?

To make your loan application procedure simple and seamless, we perform vehicle valuation and verification as a part of the loan application process.

What are the tenure options for a car loan balance transfer and top-up?

With Bajaj Finserv Car Loan Balance Transfer and Top-up, you can repay the loan over tenures ranging up to 84 months.

Can I get funding for new cars?

This facility is available only to transfer an existing loan to Bajaj Finance and get a top-up amount.

Which cars can be financed?

With a car loan balance transfer and top-up, you can fund any private vehicle of your choice.

However, we do not provide funding for:

  • Yellow plate or commercial vehicles.

  • Vehicles owned by more than 3 previous customers.

Vehicles with an age of more than 10 years on loan completion.

Show More Show Less

What our customers say about us

5 million + customers
Playstore rating
1 million + reviews
profile image

Aditya Verma

14 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.”

profile image

Rohit Sharma

23 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.”

profile image

Ashwin Kamble

02 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.”

profile image

Rekha Sharma

14 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.”

profile image

Sejal Lalchandani

16 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.”

You are here

Related links

Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.