There are several factors that influence car loan interest rates.

These factors include your credit score, loan term, loan amount, and prevailing market rates. Generally, borrowers with higher credit scores and shorter loan terms tend to receive lower interest rates. Bajaj Finance offers new car finance at attractive interest rates of up to 14% p.a.

The amount you can borrow depends on various factors, including your creditworthiness, income, and the lender's policies. Bajaj Finance offers new car loans ranging from Rs. 1 lakh to Rs. 10 crore. If you are looking to buy a pre-owned vehicle, you may be eligible for a used car loan of up to Rs. 1.02 crore.

You can qualify for our new car loan if you have a minimum salary of Rs. 25,000. Apart from meeting our income criteria, you also need to fulfil other parameters such as credit score, age, and more.

Our new car loan comes with flexible repayment tenures. You can repay your loan easily over a period of up to 96 months. For more flexibility, you can choose our Flexi Loan variants – Flexi Term Loan and Flexi Hybrid Loan. When you opt for any of our Flexi Loan variants, a loan limit is assigned to you, and you can withdraw from this limit as many times as you need. However, interest is charged only on the amount you withdraw and not the entire limit. You also have the option to part-prepay your Flexi Loan multiple times at no additional cost. With our Flexi Hybrid Loan, you get the additional facility of paying interest-only EMIs for the initial part of the tenure.

You can get quick approval on your car loan application if you meet the required eligibility criteria and submit the needed documents.

Having a good credit score helps you get loan approval easily and on better terms. However, if you are applying for a new car loan, you should have a minimum CIBIL Score of 720.

If you are applying for a new car loan offered by Bajaj Finance, you need to submit your PAN card, KYC document, employee ID card, salary slips, bank account statement and more.

With Bajaj Finserv New Car Finance, you can get a high-value loan of up to
Rs. 10 crore and bring home your desired vehicle with ease. Apart from this high-value loan, you can also benefit from our simple eligibility criteria, flexible repayment tenures, and minimal paperwork. These features make your loan borrowing experience hassle-free.

If you have an existing new car loan with Bajaj Finance, you can check its status by visiting our customer portal – My Account. You can use your registered mobile number and the OTP to log in and find your loan account details such as EMI amount, due date, and more.