Frequently Asked Questions

What is an EMI?

An EMI stands for Equated Monthly Instalment. EMI gives you the ease and benefit of paying back the loan amount in smaller convenient instalments. The instalments consist of both the principal and interest components.

Are there any foreclosure and part prepayment charges?

4% + applicable taxes on principal outstanding / amount being pre-paid
Allowed only after completion of 6 months tenure

What are the tenor options available?

You can choose a tenor ranging from 12 to 60 months depending on your preference and the loan sanctioning conditions.

How do I repay the loan?

You can repay the loan in Equated Monthly Instalments (EMIs) using the ECS facility

How do I apply for a pre-owned car loan?

You can apply online through our online application facility or contact us through various modes mentioned in the contact us section.

On what criteria will the loan be sanctioned to me?

All loans are sanctioned on the basis of internal policies of Bajaj Finserv Ltd

How secure is the information provided by me?

All your information is secure with us. Our online application process is a completely secured application system, using state of the art security systems.

Do I need a guarantor/co-applicant for Pre-owned Car Loans?

No, but if your income does not meet our credit criteria, then you may be required to have a guarantor/co-applicant to stand surety for your loan.

What special privileges do I get as an existing Bajaj customer?

As our esteemed customer, check with our sales representative for preapproved offers for faster processing of loans.

What is the maximum loan amount I can get?

Avail auto loans up to 20 Lakhs depending on your eligibility.

Can I see my loan summary and future Instalments online?

Yes. Login to the Experia portal with your credentials to view all your loan details.

Can I get funding for new cars?

No. As of now we are only offering loans on pre-owned cars.

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