DIAGNOSTICS
Specialised diagnostic scans can demand a huge expense. A single MRI scan can cost a great amount, and you may need more than one. Such scans/ tests along with other medical bills can upset your finances.
HOSPITALISATION EXPENSES
Even if your insurance coverage is enough, there is a long list of things that may not be covered, like room upgrades, special meals, doctor visits, dietician visits, and so on. Our loan against car comes with no end-use restrictions.
PHYSIOTHERAPY
For post-operative care, you might need to attend several physiotherapy sessions, some of which might involve the use of special equipment. These sessions can be quite heavy on the pocket but that should not hold you back from getting the right treatment.
HOUSEHOLD EXPENSES
While the hospital bills continue to flow, you may still have a ton of expenses, EMIs, and monthly bills to pay for at home. Fees for school, groceries, and gas can all add up to a significant amount of money. Do not get burdened with financial stress during emergencies. Our loan against car has you covered.
COSMETIC PROCEDURES
Maintain your youthful appearance with cosmetic operations like laser hair removal, facelifts, and dental care. These procedures are a lot easier now that there are clinics across the country. While insurance may not cover for your cosmetic procedure expenses, with our loan against car you can use the funds for these expenses.
3 unique variants of our loan against car
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Flexi Term Loan
Let us say you take out a loan against car for Rs. 2 lakh for 24 months. You pay regular monthly instalments for the first six months (EMIs). You would have paid back about Rs. 50,000 by now.
You need Rs. 50,000 for something that you did not expect. Just sign in to our customer portal – My Account and borrow Rs. 50,000 out of your Flexi Term Loan account. You got a bonus of Rs. 1,00,000 three months later and would like to pay back some of your Flexi Term Loan. This time, all you have to do is go to My Account and pay back a part of your Flexi Term Loan.
With every withdrawal or deposit, your interest is automatically changed, and you only pay interest on the amount you still owe at any given point. Your EMI includes both the amount that you owe and the adjusted interest.
Unlike other loans, there are no fees or penalties for paying back your Flexi Term Loan or taking money out of your account.
This version is perfect for the way people live now, when managing money can be hard to predict.
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Flexi Hybrid Loan
This is another variant of loan that we offer, and it works largely in the same way as a Flexi Term Loan. Your EMI will only cover interest for the initial loan period, varying based on your loan tenure. For the rest of the time, the interest and the principal will make up the EMI.
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Term Loan
This is the same as any other loan. You borrow a specific amount, divided into monthly payments covering both the principal and interest. If you pay off your loan before the end of its tenure, you will have to pay a part-prepayment or foreclosure fee.
Features and benefits of our loan against car
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Features and benefits of our Loan Against Car
Watch this video to know everything about our Loan Against Car
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Loan of up to Rs. 47 lakh
Get funds of up to Rs. 47 lakh to manage your significant or small expenses.
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Convenient tenures
Repay your loan easily with flexible repayment options ranging from 12 months to 72 months.
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Money in your bank account in 48 hours*
Get the loan amount credited to your bank account within 48 hours* of approval.
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Minimal documentation
You only need to submit a few basic documents to apply for our loan against car.
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No hidden charges
We mention our fees and charges on our loan documents and also on this page. We advise you to read them in detail before applying.
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Pre-approved offers
Check your pre-approved offer online by simply entering your mobile number and OTP and receive funds instantly.
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Quick approval
In most cases, your application for a loan against car will get approved within a day of document verification.
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End-to-end online application process
You can apply for our loan against car from the comfort of your home, at a time convenient for you.
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*Terms and conditions apply.
How to apply for a loan against car
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Frequently asked questions
Bajaj Finserv Loan Against Car is a loan that allows pledging your car to get a loan. We offer up to Rs. 47 lakh with a repayment tenure ranging up to 72 months.
A loan against car can be availed of by anyone who owns a car, meets the minimum eligibility criteria and submits the required documents.
A car verification and valuation will be performed on the vehicle you pledge as a security.
The guarantor is not required as the vehicle serves as a security.
All vehicles including hatchbacks, sedans and more are eligible for a loan against car. Models that are out of production are however not eligible for a loan against car. Funding against commercial/ yellow number plate cars is not available.
Simply click on the 'Apply’ button to open the online application form. Once you share your basic details, our representative will call and help you with the further process. Submit the required documents to our representative. Once your documents are verified and your loan is approved, you will get the money in your account.
The repayment period for the loan ranges from 12 months to 72 months.
A loan against car for medical expenses works like any other secured loan. You can avail of it easily by fulfilling the basic loan against car eligibility criteria and fill out a simple application form. However, the loan amount is decided based on the valuation of your car. With Bajaj Finserv Loan Against Car, you can get up to Rs. 47 lakh in a hassle-free process.
Your loan against car amount is determined by the valuation of your car. Bajaj Finance offer loan against cars that comes with minimal paperwork, and you can get up to Rs. 47 lakh. Use our loan against car EMI calculator to estimate your monthly instalments.
Bajaj Finance offers a loan against car that comes with a quick approval and disbursal facility. You will receive the funds within 48 hours* of your loan approval.
A loan against car comes with the flexibility of end-use. You can use these funds to cover all your significant and small medical expenses.
