कार लोन बैलेंस ट्रांसफर और टॉप-अप

A car loan balance transfer allows you to shift your existing loan to a different lender at better terms. Bajaj Finance offers car loan balance transfer and top-up at better terms. We also provides an additional top-up loan of up ₹ 52 लाख that can help you manage car-related expenses. Our car loan balance transfer and top-up comes in 3 unique variants – Flexi Term Loan, Flexi Hybrid Loan and Term Loan. You can choose the variant that suits your needs.

Understanding our Flexi Loan variants

Let us say you have a Rs. 20 lakh loan with a 24-month repayment period. You made timely EMI payments for the first year. By this time, you must have repaid approximately Rs. 10 lakh plus interest.

Now, you need an extra Rs. 5 lakh. All you have to do is withdraw the amount from your Flexi Term Loan account. Let us say you decided to pay off a certain amount of your debt after four more months, around Rs. 10 lakh. You can simply prepay in your Flexi Term Loan account.

Interest is adjusted throughout, and you pay interest only on the remaining principal. Both the principal and the adjusted interest are included in your EMI. We also offer another variant of Flexi which is Flexi Hybrid. This variant works just like the Flexi Term Loan. The only difference is that, for the initial period of the loan, your EMI will only consist of the applicable interest. For the subsequent period, the EMI will consist of both, the interest, and principal components.

Know all about our Term Loans

This is like a regular top-up loan. You borrow a certain amount of money, which is divided into equated monthly instalments that consist of both, the principal, and the applicable interest.