Bajaj Finance offers a loan against car in three unique variants – Term Loan, Flexi Term Loan, and Flexi Hybrid Loan.
Bajaj Finserv Loan
With simple eligibility criteria and disbursal in just 48 hours, Bajaj Finance makes borrowing funds easy and hassle-free.
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In today's fast-paced world, financial emergencies can strike unexpectedly, leaving you scrambling for solutions to meet your monetary needs. Whether it is funding a medical expense, home renovation, or higher education, it is critical to have access to quick and convenient borrowing. In such cases, a loan against car emerges as a practical and efficient solution, offering you the opportunity to leverage your vehicle’s value to secure funds. With a loan against car, you can pledge your vehicle as collateral and get funds against it.
It is a convenient and flexible financial solution that allows you to obtain funds against your car while still retaining the ability to use the vehicle. Bajaj Finance, one of the most diversified NBFCs in India, offers a high-value online loan against car of up to Rs. 47 lakh that comes with simple eligibility criteria and minimal documents. This high-value loan allows you to fund your planned and unplanned expenses without any hassles.
Here are 5 reasons how Bajaj Finance makes loan against car borrowing convenient and easy:
Simple eligibility criteria: Qualifying for Bajaj Finserv Loan Against Car is easy, thanks to its simple eligibility parameters. You can qualify for this loan if you are a resident Indian aged between 18 and 80 years* and fulfil basic income criteria. If you are a self-employed individual, you should have proof of Income Tax Returns (ITR) for the last two years. Apart from fulfilling these basic parameters, you need to submit just a few documents. These include KYC documents, your PAN card, the vehicle registration certificate and more.
Quick disbursal: With Bajaj Finserv Loan Against Car, you can get the funds you need in just 48 hours* of approval. This fast disbursal facility helps you with quick access to funds that come in handy in case of urgent expenses.
Easy online application: Bajaj Finance provides an end-to-end online application facility. You can fill in the online application form with some basic details and submit it. Once you submit the form, a representative from Bajaj Finance will reach out to you to guide you on further steps.
Flexi Loan facility: Bajaj Finance offers a loan against car in three unique variants – Term Loan, Flexi Term Loan, and Flexi Hybrid Loan. If you choose either of the Flexi Loan variants, a loan limit is assigned to you as per your eligibility. You can withdraw funds from this pre-assigned limit as many times as you want. However, interest is charged only on the amount you withdraw and not the entire sanctioned limit. You can also part-prepay your Flexi Loan as many times as you can without paying any additional charges. If you choose the Flexi Hybrid Loan, you get an additional facility of paying interest-only EMIs for the initial part of your tenure.
Flexible repayment tenures: Bajaj Finserv Loan Against Car comes with flexible tenure options ranging from 12 months to 72 months. This long repayment tenure allows you to spread your loan amount into small monthly instalments that are easier on your pocket.
Opting for a loan against car is a wise financial decision to fund your planned and unplanned expenses. With a simple application process and competitive loan against car interest rates, Bajaj Finserv Loan Against Car is an ideal choice that helps you manage your expenses.
Download the Bajaj Finserv app or visit the Bajaj Finserv website to apply for a loan against car today.
*Terms and conditions apply*
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