Frequently Asked Questions
You can avail of a balance transfer and top-up facility by transferring your existing car loan to Bajaj Finance. With this product, you get extra funds based on your car's valuation. At Bajaj Finance, you can avail of funds up to 190% of the car’s value, going up to Rs. 47 lakh.
Bajaj Finserv offers the facility of doorstep document collection to make the application process hassle-free. Once you fill out the application form, our executive will contact you to complete the paperwork at your convenience.
If you wish to part prepay or foreclose your loan up to 4.72% inclusive of applicable taxes on the principal outstanding/ prepaid amount will be charged as a foreclosure/ part-prepayments fee. Know the fees and charges for our car loan balance transfer and top-up.
Bajaj Finserv offers car loan balance transfer with a flexible range of tenure of up to 72 months that lets you repay your loan in affordable EMIs. You can choose the repayment period of your preference that suits your budget, and the loan sanctioning conditions.
You do not need a guarantor/ co-application for pre-owned car loans unless your income fails to meet our required eligibility criteria. In such cases, you may be required to have a guarantor or a co-applicant to stand surety for your loan.
You can log in to our customer portal – My Account, to view your loan statement and instalments on the go without visiting our branches.
Bajaj Finance also offers loans only for new cars. You can choose either of our products as per your requirement – new car loans or used car loans.
A balance transfer top-up loan requires verification/valuation of vehicles. Bajaj Finserv will arrange a valuation and verification for your cars as part of the loan application process. Based on the valuation of your car, a loan amount will be sanctioned to you.
Except for commercial vehicles or cars with yellow plates, we offer funding for all private passing vehicles, be it hatchbacks or sedans.
When you choose car loan balance transfer and top-up from Bajaj Finance, you will receive an additional loan amount of up to Rs. 47 lakh. You can use these funds to manage your car-related expenses such as servicing, adding new features and more. Know more about our car loan balance transfer and top-up features.
The eligibility criteria for car loan balance transfer differs from lender to lender. Therefore, it is advised to go through the eligibility criteria and the document list of your respective lender. However, it is advised to maintain a healthy CIBIL Score to ensure that you do not face any rejection on your loan application.
It is recommended to carefully read the eligibility criteria and list of documents on your lender’s website to avoid any rejection. However, in most cases, your loan application is rejected if you fail to meet the eligibility criteria or submit the required documents.
