Frequently asked questions
With a Bajaj Finserv Loan Against Car, you can get up to Rs. 47 lakh by fulfilling some simple eligibility criteria. This high-value loan provides you with the required financial flexibility to manage your multiple planned and unplanned expenses.
Your EMI for a loan against car is calculated based on various factors such as interest rate, loan amount, and repayment tenure. Given below is the formula that is used to calculate your loan against car EMIs:
EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P stands for the loan amount, R is the interest rate, and N stands for the number of instalments.
Manually calculating your EMIs can be a lengthy process. In such a situation, you can use our loan against car EMI calculator. This online tool helps calculate the EMIs of your loan against car in just a few clicks.
Your loan against car amount depends on the lender’s policies and your eligibility criteria. With Bajaj Finserv Loan Against Car, you can get a loan amount of up to 100% of the car’s value at a competitive interest rate.
Bajaj Finance offers a loan against car that comes with competitive interest rates starting at 9.50% p.a.
Disclaimer
Results generated by the calculator(s) are indicative in nature. The interest rate applied on the loan will depend on the prevailing rates at the time of loan booking.
The calculator(s) are not intended to provide its users/ customers with results that are either certified by Bajaj Finance Limited (“BFL”) or are an obligation, assurance, warranty, undertaking or commitment, financial and professional advice by BFL, under any circumstances. The calculator(s) is only a tool that assists the users/ customers arrive at results of various illustrative scenarios generated from data input by the user/ customer. The use of the calculator is entirely at the risk of the user/ customer, BFL is not responsible for any reason, for any errors in any outcome resulting from the use of the calculator.
