All about new car loans

Read on to learn more about the features offered by Bajaj Finserv New Car Finance.
All about new car loans
3 min
20-February-2024

Car ownership is more than a mode of transportation; it represents a cherished dream and a significant milestone for many individuals. However, purchasing a brand-new car is a big-ticket expense and requires a huge amount of funds. In this situation, a car loan can be considered as a viable financial solution. Bajaj Finance simplifies your borrowing experience by offering high-value new car loans.

What is a new car loan?

A new car loan is a financing option that provides you with the required funds to purchase a brand-new car. These loans provide a pathway for aspiring car owners to bring their dream vehicles home without having to pay the entire purchase price upfront. Bajaj Finance provides a high-value new car loan with flexible repayment options that make your repayment easy.

Here is the list of additional features that make a new car loan offered by Bajaj Finance an ideal choice to purchase your desired vehicle.

Simple eligibility and minimal documentation

Our new car loans come with simple car loan eligibility crietria. You can qualify for our new car finance if you have a CIBIL Score of 700 or higher and meet the basic income parameter. Once you fulfil the eligibility parameters, you need to submit just a handful of documents to get loan approval.

High-value loan amount

Secure funding of up to Rs. 10 crore and purchase the vehicle of your choice easily. Whether you want to purchase a stylish sedan or a reliable SUV, this high-value loan helps you to bring home your dream car.

Competitive interest rates

Bajaj Finance offers new car loans that come with competitive car loan interest rates of up to 14% p.a. These reasonable interest rates make loan repayment easier and help you manage your finances better.

Flexible repayment options

Manage your repayment easily with our flexible tenure options spanning from 12 months to 96 months. This long tenure helps you to spread the cost of your car into small manageable monthly instalments.

Hassle-free process and quick approval

Bajaj Finserv New Car Finance comes with an easy online application process and quick approval. You may also have a pre-approved offer, which you can check by sharing your basic details. These pre-approved offers expedite the process and give you quick access to funds.

How to apply for a new car loan online

Experience effortless borrowing with our user-friendly online application process. Simply navigate to the website or app, explore the new car finance page, and initiate the application process by clicking on 'APPLY NOW.' Once you submit the online application form, our representative will contact you regarding the next steps.

Choose Bajaj Finance for a hassle-free process and apply for a new car loan today.

Bajaj Finserv app for all your financial needs and goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

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Disclaimer

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