DENTING AND PAINTING
Dents and deep scratches can lead to corrosion and rust, which not only alter the way the car looks but also has an adequate impact on its depreciation. Repairing these issues can help increase the car’s trade value. Cover the heavy expenses of denting and painting with our car loan balance transfer and top-up.
REPAINTING AND VINYL WRAP
The cost of re-painting or wrapping a car can vary based on the material used, the size of the car, and many other factors. If you use high-quality vinyl, the cost of giving your car a makeover can go up substantially. Give your car the look of your choice without burning a hole in your pocket.
CERAMIC COATING
Ceramic coating can help maintain the exterior paint of your car for a long time. It makes the surface shiny and scratch-resistant. Moreover, it also addresses the swirl marks on the surface of your paint caused due to dust. Give your used car the pampering that it deserves and get it to look as good as new.
BUFFING AND POLISHING
Timely buffing and polishing of your car can help retain a swanky exterior. The cost of buffing and polishing a large or luxury car, such as an SUV, can be quite high and shake your finances. A car loan balance transfer and top-up allows you the flexibility of borrowing more to cover such additional expenses.
ENGINE DETAILING
It is advisable to give your car a thorough deep clean once a year. Your engine bay is prone to attract a lot of dust and grime over time and it can hamper the smooth running of your car. A thorough cleaning and detailing of your car’s engine can be quite a heavy expense. Our car loan balance transfer and top-up can even cover costs such as these.
3 unique variants of our car loan balance transfer and top-up
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Flexi Term Loan
Let us say you have a Rs. 20 lakh loan with a 24-month repayment period. You made timely EMI payments for the first year. By this time, you must have repaid approximately Rs. 10 lakh plus interest.
Now, you need an extra Rs. 5 lakh. All you have to do is withdraw the amount from your Flexi Term Loan account.
Let us say you decided to pay off a certain amount of your debt after four more months, around Rs. 10 lakh. You can simply prepay in your Flexi Term Loan account.
Interest is adjusted throughout, and you pay interest only on the remaining principal. Both the principal and the adjusted interest are included in your EMI.
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Flexi Hybrid Loan
This variant works just like the Flexi Term Loan. The only difference is that, for the initial period of the loan, your EMI will only consist of the applicable interest. For the subsequent period, the EMI will consist of both, the interest and principal components.
Click here for a detailed description of how our Flexi Hybrid Loan works.
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Term Loan
This is like a regular top-up loan. You borrow a certain amount of money, which is divided into equated monthly instalments that consist of both, principal and the applicable interest.
Features and benefits of our car loan balance transfer and top-up
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Car Loan Balance Transfer and Top-up
All you need to know about the features of car loan balance transfer and top-up
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3 unique variants
Choose the type of loan that fits your needs – Flexi Term, Flexi Hybrid, or Term.
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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 Rs. 47 lakh.
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Flexible tenures
Repay your loan easily with convenient repayment options ranging up to 72 months.
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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.
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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.
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Premium services
Get additional services such as car insurance, life insurance, financial fitness report and GPS tracker at a very nominal cost.
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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.
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Doorstep assistance
Get doorstep support by submitting your documents to our representative without stepping out of your home.
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*Terms and conditions apply
Still haven’t found what you’re looking for? Click on any of the links at the top of this page.
Car loan balance transfer and top-up application process
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Frequently asked questions
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.
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.
With Bajaj Finserv Car Loan Balance Transfer and Top-up, you can repay the loan over tenures ranging up to 72 months.
This facility is available only to transfer an existing loan to Bajaj Finance and get a top-up amount.
With a car loan balance transfer and top-up, you can fund any private vehicle of your choice.
However, funding is not provided 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
Your CIBIL score plays a vital role in getting a car loan balance transfer and top-up. CIBIL Score must be 720 or above to be eligible for this facility.
To make your loan application procedure simple and seamless, we perform vehicle valuation and verification as a part of the loan application process.
