Bajaj
Car Loan

Applicant Type

-Salaried individuals with steady income, employed in reputed firms.
-Self-employed individuals typically need to explore business loan options.

Employment

At least 6 months — applies to first-time borrowers

Age Limit

18 –80 years (at loan maturity)

Minimum Income

Minimum ₹20,000 per month (varies by city & profile)

Loan Amount

- New Car Loan: Up to ₹10 crore;
- Used Car Loan:Up to ₹10 crore
- Loan Against Car: Up to ₹77 lakh (for owned vehicle)

Credit Score

A good CIBIL score (700+) is preferred for quick approval

USP

No collateral or guarantor required

Documents Required

For New Car Finance:

  • KYC: Aadhaar / Passport / Voter ID / Driving License / NPR letter / NREGA card

  • PAN card, Employee ID,

  • 3 months’ salary slips,

  • 3 months’ bank statements

For Used Car Loan:

  • Same as new car,

  • plus: Vehicle Registration Certificate and Insurance copy

For Loan Against Car:

  • Same as above with relevant employment and bank statements, plus vehicle documentation