Frequently asked questions
Equated monthly instalments, or EMIs, are monthly payments that include both the principal and interest components of the loan amount. EMIs provide you with the convenience and advantage of repaying your loan in smaller, more manageable payments that can be spread out over the tenor of your choice.
You may apply online by clicking the 'Apply Online' button, or you can contact us through one of the modes listed in the 'Contact Us' section.
You can get used car finance of up to 90% of the vehicle's value.
Depending on your preference and loan amount, you can pick a tenor ranging up to 60 months.
We keep all of your information safe. Our online application system is fully private and secure, with state of the art security system in place.
You can get used car finance in the following cities - Mumbai, Pune, Nagpur, Ahmedabad, Surat, Baroda, Rajkot, Chandigarh, Delhi, Indore, Jaipur, Hyderabad, Vizag, Chennai, Bangalore and Cochin.
No, however, if your income does not meet our eligibility criterion, you may be asked to offer a guarantor/ co-applicant as security for your loan.
The ECS feature allows you to repay the loan in equated monthly instalments (EMIs).
Through the Bajaj Finserv EMI Network, you are entitled to a variety of benefits as a valued customer. For pre-approved offers and additional benefits, log in to Experia now.
Logging into Experia with your credentials gives you access to all of your loan account information.
The charges are as follows:
- 4%+ applicable taxes on the outstanding principal/ amount being prepaid
- Part-prepayment and foreclosure are only allowed once the first six EMIs have been paid in full
Only pre-owned vehicles are eligible for financing.
The car requires verification or valuation. To make your loan application procedure simple and seamless, Bajaj Finance Limited performs vehicle valuation and verification as a part of the loan application process.
You may fund any private car of your choice with a used car loan from Bajaj Finance Limited.
There is no financing available for:
- Cars with a yellow plate or for commercial use
- Vehicles that have had three former owners
- Vehicles that are more than 10 years old at the time of loan application
Please visit our nearest branch and apply for a duplicate NOC, along with the original RC copy and a photo ID (if any further documents are required, you will be informed).
In the event of loan cancellation, the customer is responsible for the interest levied from the date of disbursement until the date of cancellation. Processing fees, stamp duties, documentation fees and RTO fees are non-refundable charges and cannot be waived or returned if the loan is cancelled.
