New Car Finance eligibility and documents

Read on to know the criteria required to apply for our new car finance.

Eligibility criteria and documents required

Our new car finance is available to anyone who meets the basic eligibility criteria. You will be required to provide a few essential documents to complete the application process.

Eligibility criteria

  • Nationality: Indian
  • Age: 18 years to 80 years*
  • CIBIL Score: 700 or higher
  • Employment:
  • For salaried: Individuals should have a minimum monthly salary of Rs. 25,000
  • For self-employed: Individuals must submit an an ITR proof of the past 2 years

Proprietorships, partnership firms, private limited companies, trusts, and others can also apply for a new car loan.

*Higher age limit is applicable at the time of loan maturity.

Documents required*

  • KYC documents - Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
  • PAN card
  • Employee ID card
  • Salary slips for the last 3 months
  • Bank account statements for the previous 3 months

*Any additional documents that may be required will be communicated during the loan application process

More details

Bajaj Finance offers new car finance of up to Rs. 10 crore. You can easily qualify for a new car finance, as long as you are within the eligible age range, and you have a minimum monthly salary of Rs. 25,000.

Keep the necessary documents handy when you are ready to apply. After entering your details in the online application form, you will need to upload these documents. Once you submit your application, a Bajaj Finance representative will call you to collect the physical copies at your convenience.

Read about our new car loan interest rate and charges.

*Terms and conditions apply.

How to apply for new car finance

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Step-by-step guide to applying for new car finance

1. Click on the 'APPLY NOW' button on this page to begin.
2. Enter your 10-digit mobile number and submit the OTP for verification.
3. Fill in the application form with details such as your PAN, date of birth, PIN code, and more.
4. Select the name of your finalised car brand and dealer.
5. Verify your KYC details to proceed.
6. Submit your banking details to complete your application.

Our representative will contact you regarding the next steps.

Frequently asked questions

What is the maximum tenure to repay the new car finance?

You have the flexibility to select a repayment tenure that works for you, ranging up to 96 months.

What is the CIBIL Score required to be eligible for new car finance?

To be eligible for our new car finance, you need to have a CIBIL Score of 700 or higher.

What is the maximum amount of new car finance that I can get?

You can get new car finance of up to Rs. 10 crore, which you can repay comfortably over a tenure of up to 96 months.

What are the eligibility criteria for getting new car finance?

The eligibility criteria are as follows:

  • Nationality: Indian
  • Age: 18 years to 80 years*
  • CIBIL Score: 700 or higher
  • Employment:
  • For Salaried: Individuals should have at least 1 year of experience and a minimum monthly salary of Rs. 25,000
  • For Self-Employed: Applicant must submit an ITR proof of the last 2 years

*Higher age limit is applicable at the time of loan maturity.

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