Frequently asked questions
The processing fee for a Bajaj Finserv Car Loan Balance Transfer and Top-up can go up to 2.95% of the loan amount (inclusive of applicable taxes).
There is a fee of 4.72% (inclusive of applicable taxes) on the part-payment amount paid for the term variant. No part-prepayment fees apply on Flexi variants.
A bounce charge is a fee that is charged when an EMI payment is not made on time.
For each missed EMI, we charge Rs. 1,500 per bounce (inclusive of applicable taxes).
Any missed monthly instalment or EMI payment will incur penalty interest at the rate of 3.5% per month from the date of default until the missed monthly instalment or EMI payment is received.
Bajaj Finance offers car loan balance transfer and top-up at competitive interest rates starting from 10.5% to 22% p.a.
There are no hidden fees associated with a Bajaj Finance Car Loan Balance Transfer & Top-up. Our fees and charges are all clearly listed on our website and in the loan agreement. Before applying, it is recommended that you thoroughly review the fees and charges.
The interest rate for a car loan balance transfer and top-up is influenced by various factors. These include the borrower's credit score, financial history, the lending institution's policies, prevailing market rates, and the terms of the existing loan. Additionally, the value of the car and the loan-to-value ratio may also impact the interest rate offered by the lender.
Yes, late payment penalties apply to car loan balance transfers and top-ups. Delays in payment of monthly instalments will result in a penalty of 3.5% per month on the unpaid monthly instalment from the respective due date until receipt of monthly payments.
The interest rate for a car loan balance transfer and top-up can be either fixed or variable, depending on the terms and conditions set by the lending institution. Bajaj Finance Car Loan Balance Transfer and Top-Up is available to you at competitive interest rates beginning at 10.5% p.a.
You can have the option of prepaying a portion of your loan. With the Flexi facility, you can part-prepay a portion of your loan at no extra cost, as many times as you wish.