Frequently Asked Questions
You can avail of a balance transfer and top-up facility by transferring your existing car loan to Bajaj Finance and get extra funds based on your car’s valuation. At Bajaj Finance, you can avail of funds up to 100% of the valuation, going up to Rs. 40 Lakh.
Bajaj Finserv offers the facility of doorstep document collection to make the application process hassle-free. Once you fill out the application form, our executive will contact you to complete the paperwork at your convenience.
After completing 6 months of your loan term, you can foreclose or partially prepay your car loan balance transfer. If you wish to part prepay or foreclose your loan. 4.72% inclusive of applicable taxes on the principal outstanding/ prepaid amount will be charged as a foreclosure/ part-prepayments fee.
Bajaj Finserv offers car loan balance transfer with a flexible range of tenor of up to 72 months that lets you repay your loan in affordable EMIs. You can choose a tenor of your preference that suits your budget, and the loan sanctioning conditions
You do not need a guarantor/ co-application for pre-owned car loans unless your income fails to meet our required eligibility criteria. In such cases, you may be required to have a guarantor or a co-applicant to stand surety for your loan.
You can log in to our customer portal – Experia, to view, download, and track your loan statement and instalments on the go without visiting our branches.
At present, Bajaj Finserv offers loans only for pre-owned cars and no funding for new vehicles.
A balance transfer top-up loan requires verification/valuation of vehicles. Bajaj Finserv will arrange a valuation and verification for your cars as part of the loan application process. Based on the valuation of your car, a loan amount will be sanctioned to you.
Except for commercial vehicles or cars with yellow plates, we offer funding for all private passing vehicles, be it hatchbacks or sedans.
