In our fast-paced world, owning a car has become more than a luxury; it is often a necessity, providing convenience and flexibility in our daily lives. With the increase in the new car and used car markets, the options are abundant. You can choose the one that aligns with your requirements and financial situation.
Whether you choose a used car or a brand-new one, purchasing a car requires a significant amount. In such a situation, opting for a car loan can be a viable option as it will help you to spread the cost into manageable EMIs.
Bajaj Finance makes car ownership easy for you by offering tailored financing options - new car finance and used car loans. Depending on the type of car you wish to buy, you can choose the financing solution. Both these car loans provide you with quick access to funds but securing it requires careful preparation. One of the key aspects is ensuring that you have all the necessary documents in order.
List of documents required to apply for a car loan
Keeping the required documents handy is crucial for your car loan approval. With Bajaj Finance, you have the option of two types of car loans – new car finance and used car loans. Your list of documents might differ basis the type of car loan you choose.
Additional read: Car loan age limit
Documents required for new car loans
With Bajaj Finserv New Car Loans, obtaining a car loan to fund the purchase of your new car is simple. You just need to meet our simple car loan eligibility requirements and submit a few documents to get quick loan approval.
- 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
Know more about our new car loans
Document required for used car loans
Bajaj Finance offers used car loans that come with simple eligibility criteria and minimal documentation. You can qualify for our used car loan by submitting these documents.
- 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 2 months
- Bank account statements for the previous 3 months
- Vehicle registration certificate and insurance copy
Know more about our used car loans
Keeping the car loan documents ready is crucial for loan approval. It is advised to go through the complete list so that you can get funds easily and bring home your desired vehicle without any delay.
