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Dealer Finance

Dealer finance is a type of loan initiated by a retailer for its customer and later sold to a third-party or financial institution. The financial institution purchases these loans at a discount and then collects the principal and interest from the borrower.

Bajaj Finserv offers customised dealer financing which enables dealers and franchises address business finance requirements effortlessly. Avail dealer finance to ensure smooth functioning of your supply chain by extending financial support whenever required.
 

Dealer Financing: Features and Benefits

  • Financing as per need

    Bajaj Finserv offers short-term unsecured financing of up to Rs.45 lakh to assist dealers manage their cash flow better.

  • Flexi Loan facility

    Flexi loan facility

    With the unique Flexi loan facility, you can borrow as your business needs and prepay when you have extra cash.

  • Attractive interest rates

    Bajaj Finserv offers attractive dealer finance rates, making your loan affordable.

  • Pre-approved offers

    Pre-approved offers

    With pre-approved offers from Bajaj Finserv, your loan application gets approved instantly.

  • Flexible tenors

    Flexible repayment tenors going up to 84 months make this loan more favourable for financing dealerships.

Dealer Financing: Eligibility Criteria and Required Documents

Availing of dealer finance is easy and straightforward. To be eligible, one must fulfil the below eligibility criteria.

  • You must be a residing Indian citizen between 24 to 70 years* of age
    (*Age should be 70 years at loan maturity.)
  • You must own a business with a minimum vintage of 3 years
  • You must have a healthy CIBIL score of 685 or higher

If you qualify, you only need to submit a few documents to avail of dealer finance. Here is the list of the required documents:

  • ID proof: KYC documents, such as Aadhar card, PAN card, passport, and driving license
  • Address proof: Electricity bill, telephone bill, lease agreement, etc.
  • Business ownership proof: Business registration document, partnership agreement, certificate of commencement/Article, Memorandum of Association, etc.
  • Financial documents: ITR copy for the previous year, bank account statement for the last 6 months, audited balance sheet, and profit and loss statement for the last 2 years

Dealer Finance: Rates and Charges

Bajaj Finserv offers dealer finance at affordable rates of interest with nominal fees and charges. With Bajaj Finserv, you can be assured of 100% transparency and no hidden charges. The list of fees and charges is given below.

 
Types of Fees Applicable Charges
Rate of interest 17% p.a. onwards
Processing fees Up to 2% of the loan amount (plus applicable taxes)
Document/statement charges

Statement of account/repayment schedule/foreclosure letter/No Dues Certificate/interest certificate/list of documents
Download your e-statements/letters/certificates for free by logging into our customer portal, Experia. You can also get a physical copy of your statements/letters/certificates/list of documents from any of our branches at a charge of Rs.50 (inclusive of taxes) per statement/letter/certificate.
Bounce charges Up to Rs.3,000 (Inclusive of applicable taxes)
Penal interest (Applicable in case of non-payment of monthly instalment on/before the due date) 2% per month
Document processing charges Rs.2,000 plus taxes

How to Apply for Dealer Finance

You can avail of dealer finance by filling a simple online application form.

Step 1: Click here to open the form
Step 2: Fill in the online form with your personal and financial details
Step 3: Upload the required documents and submit the form
Step 4: Get a call from our representative who will guide you on further process

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