How to apply for a Loan Against Car

Follow these simple steps to get our loan against car.

How to apply for a loan against car

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Step-by-step guide to apply for a loan against car

  1. Click on the 'APPLY' button on this page.
  2. Fill in your asset details such as the loan active on your car, make, model, variant, and more.
  3. Fill in the application form with your personal information, such as your name, mobile number, email ID, pin code, residence type and type of employment.
  4. Submit your loan against car application.

Our representative will call and guide you on the next steps. The loan amount will be transferred to your bank account once your documents are successfully verified.

Frequently asked questions

Who can get loan against car?

Any person who owns a car can obtain Bajaj Finserv Loan Against Car.

Can I apply for loan against car if I already have an existing car loan?

You will not be eligible for our loan against car if you have an existing car loan. However, you can avail of our car loan balance transfer which comes with similar benefits.

How do I apply for a loan against car?

Click "Apply" to access the online application form. Once you share your asset details and your basic personal information, our representative will guide you on the further steps.

What is Flexi Hybrid Loan?

Flexi Hybrid Loan is the unique variant of our loan against car. It allows you to withdraw funds multiple times from your sanctioned loan limit and pay a part of your loan at your convenience without any additional costs. It comes with the additional benefit of paying interest-only EMIs during the initial tenure. You can also use our loan against car EMI calculator to estimate your monthly instalments.

What are the benefits of choosing a Bajaj Finserv Loan Against Car?

Here are some noteworthy benefits of getting a Bajaj Finserv Loan Against Car:

  • Substantial loan amount of up to Rs. 47 lakh
  • Flexible tenures of up to 72 months
  • Funds deposited in your bank account within 48 hours* of loan approval
  • Minimal documentation requirements
  • Approval within a day of documentation verification
How long does it take to process the loan application?

A Bajaj Finserv Loan Against Car allows you to benefit from a rapid approval and disbursement process. In most cases, your loan against car application can be processed and approved within one day of document verification.

What are the documents required to apply for a loan against car?

You will be asked to submit the following documents while applying for a Bajaj Finserv Loan Against Car:

  • KYC documents – Aadhaar/ passport/ voter’s ID
  • PAN card
  • Employee ID card
  • Bank statements for the last 3 months
  • Salary slips for the last 3 months
  • Vehicle registration certificate
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