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.
 

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 25 and 65 years of age
• 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

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.