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Car Loan Balance Transfer and Top-up for bodywork

There is always a good feeling about driving a good-looking shiny car. However, given the traffic on the roads, maintaining it can be quite a challenge. Keeping the exterior of the car in great condition could be expensive. Fixing the odd dent, getting a ceramic coating to retain the shine, or re-painting the entire car – all can be quite a heavy expense on the pocket. Our car loan balance transfer and top-up covers the costs of essential bodywork repairs and replacements.

DENTING AND PAINTING

DENTING AND PAINTING

Dents and deep scratches can lead to corrosion and rust, which not only alter the way the car looks but also has an adequate impact on its depreciation. Repairing these issues can help increase the car’s trade value. Cover the heavy expenses of denting and painting with our car loan balance transfer and top-up.

REPAINTING AND VINYL WRAP

REPAINTING AND VINYL WRAP

The cost of re-painting or wrapping a car can vary based on the material used, the size of the car, and many other factors. If you use high-quality vinyl, the cost of giving your car a makeover can go up substantially. Give your car the look of your choice without burning a hole in your pocket.

CERAMIC COATING

CERAMIC COATING

Ceramic coating can help maintain the exterior paint of your car for a long time. It makes the surface shiny and scratch-resistant. Moreover, it also addresses the swirl marks on the surface of your paint caused due to dust. Give your used car the pampering that it deserves and get it to look as good as new.

BUFFING AND POLISHING

BUFFING AND POLISHING

Timely buffing and polishing of your car can help retain a swanky exterior. The cost of buffing and polishing a large or luxury car, such as an SUV, can be quite high and shake your finances. A car loan balance transfer and top-up allows you the flexibility of borrowing more to cover such additional expenses.

ENGINE DETAILING

ENGINE DETAILING

It is advisable to give your car a thorough deep clean once a year. Your engine bay is prone to attract a lot of dust and grime over time and it can hamper the smooth running of your car. A thorough cleaning and detailing of your car’s engine can be quite a heavy expense. Our car loan balance transfer and top-up can even cover costs such as these.

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Frequently asked questions

What is a car loan balance transfer and top-up facility?

Car loan balance transfer and top-up is a facility where you can transfer your existing car loan to Bajaj Finance and can also get some extra funds as a top-up based on your car’s valuation.

Do I need a guarantor to avail of a car loan balance transfer and top-up?

You do not need a guarantor to avail of a car loan balance transfer and top-up. However, if your income does not meet our credit criteria, then you may require a guarantor to get a loan.

What are the tenure options for a car loan balance transfer and top-up?

With Bajaj Finserv Car Loan Balance Transfer and Top-up, you can repay the loan over tenures ranging up to 84 months.

Can I get funding for new cars?

This facility is available only to transfer an existing loan to Bajaj Finance and get a top-up amount.

Which cars can be financed?

With a car loan balance transfer and top-up, you can fund any private vehicle of your choice.

However, funding is not provided for:

  • Yellow plate or commercial vehicles
  • Vehicles owned by more than 3 previous customers
  • Vehicles with an age of more than 10 years on loan completion
Is CIBIL Score important for getting a car loan balance transfer and top-up?

Your CIBIL score plays a vital role in getting a car loan balance transfer and top-up. CIBIL Score must be 720 or above to be eligible for this facility.

Does it require vehicle verification or valuation of the car?

To make your loan application procedure simple and seamless, we perform vehicle valuation and verification as a part of the loan application process.

How does a car loan balance transfer for bodywork work?

When you choose a car loan balance transfer and top-up from Bajaj Finance, you get up to Rs. 47 lakh as a top-up loan. You can use these additional funds to cover some of the bodywork expenses of your car such as repainting, denting, and painting and more.

What types of bodywork expenses that I can manage with a top-up loan?

When you choose a car loan balance transfer from Bajaj Finance, you get a top-up loan of up to Rs. 47 lakh. You can manage multiple bodywork expenses such as fixing the odd dent, getting a ceramic coating to retain the shine, or re-painting the entire car.

Can I transfer the remaining balance of my car loan to cover bodywork expenses?

With Bajaj Finserv Car Loan Balance Transfer and Top-up, you can easily transfer your existing car loan by fulfilling the simple eligibility criteria. When you choose a car loan balance transfer, you get an additional loan amount of up to Rs. 47 lakh to manage your bodywork expenses.

What are the benefits of a top-up on a car loan for bodywork?

If you have an existing car loan and are looking for additional funds, you can opt for a top-up on your car loan. Bajaj Finance offers up to 180% of the value of the car with a limit of Rs. 47 lakh. You can use this top-up loan to manage car-related expenses such as repainting the car, fixing dents or more.

Will transferring my car loan balance for bodywork affect my credit score?

Transferring your existing car loan will not affect your credit score. You can easily transfer your existing car loan to Bajaj Finance by fulfilling the simple eligibility criteria. With Bajaj Finserv Car Loan Balance Transfer and Top-up, you can also get an additional loan amount, which you can use to manage bodywork-related expenses.

What happens if the expense of the bodywork exceeds the remaining balance on the car loan?

When you choose Bajaj Finserv Car Loan Balance Transfer and Top-up, you get an additional loan amount of up to Rs. 47 lakh. You can use these funds to manage your bodywork expenses such as repainting your car, fixing a dent and more.

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