Car Loan Balance Transfer and Top-up features

Read on to know why our car loan balance transfer and top-up is the best option for you.

Features and benefits of our car loan balance transfer and top-up

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Benefits of Car Loan Balance Transfer and Top-up

Watch this video for a quick view of the key features of Bajaj Finserv Car Loan Balance Transfer and Top-up

  • 3 unique variants

    3 unique variants

    Choose the type of loan that fits your needs – Flexi Term, Flexi Hybrid, or Term.

  • Loan of up to

    Loan of up to Rs. 47 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 with a limit of up to Rs. 47 lakh.

  • Flexible tenures

    Flexible tenures

    Repay your loan easily with convenient repayment options ranging up to 72 months.

  • No part-prepayment charge on Flexi Loans

    No part-prepayment charge on Flexi Loans

    Pay back a portion of your loan ahead of schedule at no extra cost with our Flexi facility. You can part-prepay as many times as you want.

  • Immediate processing

    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

    Premium services

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

  • No hidden charges

    No hidden charges

    All fees and charges are mentioned upfront on this page and in the loan document. We advise you to read these in detail.

    Know about our fees and charges

  • Doorstep assistance

    Doorstep assistance

    Get doorstep support by submitting your documents to our representative without stepping out of your home.

  • *Terms and conditions apply

    Our car loan balance transfer and top-up not only helps you transfer the loan to Bajaj Finance, but also covers costs such as bodywork, repairs and replacements. Get a high-value top-up of up to 180% of the car’s value and repay conveniently over 72 months.

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Car loan balance transfer and top-up application process

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Step-by-step guide to applying for a car loan balance transfer and top-up

  1. Click on the ‘APPLY' button on this page.
  2. Enter the details of your car, such as the make and model, active loan, year of purchase and more.
  3. Fill in the application form with your information, such as your date of birth and employment details among others.
  4. 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.

Frequently asked questions

What can you use a car loan balance transfer and top-up for?

You can use a Bajaj Finserv Car Loan Balance Transfer and Top-up for:

Why should you choose a Bajaj Finserv Car Loan Balance Transfer and Top-up?

Our car loan balance transfer and top-up comes with many features and benefits that include:

  1. 3 unique variants
  2. Loan amount of up to Rs. 47 lakh
  3. Tenure of up to 72 months
  4. Minimal documentation
  5. Quick disbursal
  6. No hidden charges
What is a Flexi Hybrid Loan?

Flexi Hybrid Loan is a unique variant of our loan. Your loan tenure is divided into two parts – the initial tenure and the subsequent tenure.

During the initial tenure, your EMIs consist only of the applicable interest. Whereas during the subsequent tenure, your EMIs consist of both, the principal and the interest components.

Use our car loan balance transfer and top-up EMI calculator to know your monthly instalments.

Where can I find the loan account statement for my loan?

You can access and manage your loan account through our customer portal, My Account. You can download both the electronic statements and the certificates for free.

What is the maximum amount I can get on a top-up car loan?

With Bajaj Finserv Car Loan Balance Transfer and Top-up, you have the option to transfer the outstanding balance of your existing car loan and get a high-value top-up of up to 180% of the car's value with a limit of up to Rs. 47 lakh. This includes all of our fees and charges. We recommend that you check our fees and charges before applying.

Are car loan balance transfer and top-up loans good or bad?

Car loan balance transfers and top-ups can be advantageous if used wisely. A balance transfer with a lower interest rate can save money, while a top-up loan provides extra funds. However, they require careful consideration of terms and charges levied by the chosen lender. We advise you to assess your financial situation before making a decision.

How do I apply for a car loan balance transfer?

You can apply for Bajaj Finserv Car Loan Balance Transfer and Top-up by following these simple steps:

  • Head over to the car loan balance transfer page and click on the 'APPLY' button.
  • Fill in your asset details.
  • Fill in the application form with your personal information.
  • Submit your loan against car application.
What are the other benefits of a car loan balance transfer?

Transferring your existing car loan to a new lender has the following benefits:

  • Reduced interest rates
  • Improved loan features
  • Lower costs related to your loan
  • Better repayment terms
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