VISA AND FLIGHTS
Application fees are significant components of the costs of higher education. When you add in the cost of flights, visas, and other paperwork needed for an international course, it becomes even more expensive.
COURSE FEES
Education loans will likely only cover the cost of tuition. However, a loan against car with a high amount and flexible repayment options gives you the freedom to pay for all other costs.
LIVING EXPENSES
Rent is one of the aspects of your living expenses. You also have to pay for groceries, transportation, a cell phone, internet, and other things. These could cost you a considerable amount of money.
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
A loan against car for higher education operates in the same way as any other secured loan. You must meet the loan against car eligibility criteria and complete a simple application form. The value of your car will determine your loan amount. You can either go ahead with the same amount or choose a lower amount based on your needs.
Bajaj Finance provides a loan against car that assists you in managing large or minor expenses associated to your higher education. You can get up to Rs. 47 lakh for your financial needs when you choose Bajaj Finserv Loan Against Car.
A loan against car gives you the freedom of end usage and helps you manage expenses associated with your higher education conveniently. You can acquire funds up to Rs. 47 lakh with minimum documentation requirements once you opt for a Bajaj Finserv Loan Against Car.
You can use a loan against car to pay for a range of expenses, including higher education. Your eligibility for a loan against car depends on a number of factors, including the value of your car, and more. You do not necessarily have to check your CIBIL Score to receive a loan against your car. However, it is recommended to maintain a good credit score if you plan on applying for a loan against car as a healthy credit score helps you secure a loan against car at competitive interest rates.
The loan amount that you can obtain is determined by the value of your vehicle, your eligibility, and a few other factors. Bajaj Finserv Loan Against Car has a high loan amount of up to Rs. 47 lakh and a flexible repayment term of up to 72 months. Use our loan against car EMI calculator to figure out your monthly payments.
Bajaj Finance provides a loan against car with minimal paperwork and quick disbursal. With our loan against car, you will receive funds within 48 hours of approval.
