Bajaj Finserv New Car Finance Charges and Interest Rates
Under the New Car Finance offered by Bajaj Finserv, up to Rs.5 crore may be provided as a loan at an attractive interest rate. The repayment tenure is up to 96 months and minimal documents will need to be submitted to avail the loan.
The three different variants that are offered are Flexi Term Loan, Flexi Hybrid Loan, and Term Loan.
Charges and Interest Rates
The interest rates and charges that are levied under the New Car Finance scheme are mentioned in the table below:
Fee Type | Charges |
Interest Rate | 7.50% p.a. to 14% p.a. |
Registration Charges | Rs.1 (UPI mandate) |
Duplicate NOC | Rs.500 |
Other NOC | Rs.1,180 |
Conversion to Commercial to Private NOC | Rs.3540 |
Interstate Transfer NOC | Rs.1,180 |
Rejection of Mandate Charges | Rs.450 every month |
Stockyard Charges | Rs.118 every day for 60 days |
Valuation Charges | At actuals |
Auction Charges | At actuals |
Repossession Charges | At actuals (maximum of Rs.50,000) |
Legal and Incidental Charges | As per laws |
Penal Interest | 3.50% every month on the EMI that is outstanding |
Bounce Charges | Rs.1,500 each time |
Annual Maintenance Charges | Flexi Hybrid Loan·Initial Tenure: Up to 0.59% of the amount that is withdrawable.·Subsequent Tenure: Up to 0.295% of the amount that is withdrawable.Flexi Term Loan·Up to 0.295% of the amount that is withdrawable.Term Loan· Not applicable |
Documentation Charges | Up to Rs.2,360 |
Processing Fee | Up to 2.95% |
Process to Apply for New Car Finance
The procedure that must be followed to apply for the New Car Finance scheme is mentioned below:
- Click on ‘Apply’.
- Enter your mobile number.
- Enter the OTP that is sent to the registered mobile number.
- Fill in the relevant details on the application form.
- Choose the car brand.
- Choose the dealer.
- Click on ‘Apply Now’ to complete the process.
FAQs on Bajaj Finserv Car Loan Interest rate
- Will a processing fee be levied in case I avail the New Car Finance scheme?
Yes, a processing fee will be levied in case you avail the New Car Finance scheme.
- What is the minimum tenure of the New Car Finance scheme?
The minimum tenure of the New Car Finance scheme is 12 months.
- What is the maximum tenure of the New Car Finance scheme?
The maximum tenure of the New Car Finance scheme is 96 months.
- Does Bajaj Finserv offer the part-prepayment facility under the scheme?
Yes, Bajaj Finserv offers the part-prepayment facility under the scheme.
- What are the three different variants under the New Car Finance scheme?
The three different variants under the New Car Finance scheme are Flexi Term Loan, Flexi Hybrid Loan, and Term Loan.
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