Car Loan Balance Transfer and Top-up eligibility calculator

Find the estimated loan amount you are eligible for.

Eligibility criteria and documents required

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: 18 to 80 years*

For salaried employees: Individuals should have at least 1 year of experience and a minimum monthly salary of Rs. 20,000

For self-employed individuals: Applicants must submit an ITR proof for the last 2 years


  • KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
  • PAN card
  • Employee ID card
  • Salary slips for the last 2 months
  • Bank account statements for the previous 3 months
  • Vehicle registration certificate and insurance copy

*Higher age limit is applicable at the time of loan maturity.

Frequently asked questions

How much top-up loan can I get with a car loan balance transfer?

With a Bajaj Finserv Car Loan Balance Transfer and Top-up, you can get up to Rs. 47 lakh by fulfilling a few simple eligibility criteria. This high-value loan provides you with the required financial flexibility to manage expenses related to your car.

How is EMI calculated for a car loan balance transfer and top-up?

Your EMI (equated monthly instalments) for a car loan balance transfer and top-up is calculated based on factors such as loan amount, interest rate, and repayment tenure.

Here is the formula that is used to estimate your car loan balance transfer EMIs EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P stands for the loan amount, R is the interest rate, and N stands for the number of instalments.

Manual calculation of the EMIs is a lengthy process and requires complicated mathematical calculations. In such a situation, you can use our car loan balance transfer and top-up EMI calculator. This online tool helps calculate the monthly instalments in just a few clicks.

What is the maximum percentage of a top-up I can get with car loan balance transfer?

Your top-up amount depends on the lender’s policies and your eligibility. When you choose to transfer your ongoing car loan balance to Bajaj Finance, you can get a top-up loan amount of up to 180% of the car’s value at a competitive interest rate.

What is the interest rate for a car loan balance transfer and top-up?

Bajaj Finance offers a car loan balance transfer and top-up that comes with competitive interest rates starting at 9.50% p.a.

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Results generated by the calculator(s) are indicative in nature. The interest rate applied on the loan will depend on the prevailing rates at the time of loan booking.

The calculator(s) are not intended to provide its users/ customers with results that are either certified by Bajaj Finance Limited (“BFL”) or are an obligation, assurance, warranty, undertaking or commitment, financial and professional advice by BFL, under any circumstances. The calculator(s) is only a tool that assists the users/ customers arrive at results of various illustrative scenarios generated from data input by the user/ customer. The use of the calculator is entirely at the risk of the user/ customer, BFL is not responsible for any reason, for any errors in any outcome resulting from the use of the calculator.

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