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.
Bajaj Finserv offers short-term unsecured financing of up to Rs.45 lakh to assist dealers manage their cash flow better.
With the unique Flexi loan facility, you can borrow as your business needs and prepay when you have extra cash.
Bajaj Finserv offers attractive dealer finance rates, making your loan affordable.
With pre-approved offers from Bajaj Finserv, your loan application gets approved instantly.
Flexible repayment tenors going up to 84 months make this loan more favourable for financing dealerships.
Availing of dealer finance is easy and straightforward. To be eligible, one must fulfil the below eligibility criteria.
If you qualify, you only need to submit a few documents to avail of dealer finance. Here is the list of the required documents:
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)|
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|
You can avail of dealer finance by filling a simple online application form.Step 1: Click here to open the form
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