5 reasons why you should choose car loans to fund your new car purchase

As the festive season approaches, there’s no better way to celebrate than by getting behind the wheel of a brand-new car! Whether you envision a sleek sedan that exudes sophistication or a spacious SUV that offers room for family adventures, a new car can elevate your lifestyle and add convenience to your daily routine. However, purchasing a car is a significant financial commitment. This is where a car loan comes into play, turning your dream vehicle into a reality without straining your budget.

Lenders like Bajaj Finance simplify car loan borrowing experience by offering new car loans. This high-value loan can help you turn your aspiration of owning a new car into reality without stretching your budget. Here are 5 reasons why you should choose Bajaj Finserv New Car Loan for your next car purchase.

High-value loan: A car loan allows you to borrow a substantial amount, letting you buy a car without draining your savings. Bajaj Finance offers high-value loans of up to Rs. 10 crore. This means you can select the model and features you truly want, aligning with your lifestyle while keeping your finances in check.

Quick approval: Bajaj Finance offers new car loans that come with quick approval. This fast approval facility translates to less waiting and more driving, allowing you to enjoy your new vehicle sooner.

Simple eligibility and minimal documents: Tired of tedious paperwork and confusing eligibility criteria that usually complicate the loan application process? Bajaj Finance has streamlined the process by offering new car loans that come with simple eligibility requirements and minimal documentation is needed. This straightforward process makes applying for a car loan hassle-free.

Flexible repayment tenures: Bajaj Finance offers new car loans that come with a flexible repayment period of up to 96 months. This extended repayment period allows you to choose a tenure that suits your financial situation. Whether you prefer a quick payoff or a longer repayment period, the choice is yours. This flexibility lets you relish your new ride without financial strain, ensuring you can budget effectively while enjoying your vehicle.

Up to 100% financing of the on-road price: With a Bajaj Finserv New Car Loan, you can get up to 100% financing on the on-road price of your vehicle, making it easier than ever to own your dream car. 

Choosing a car loan for your new car purchase can make the experience much more accessible and enjoyable. With Bajaj Finserv New Car Loan, you gain access to high-value loans, quick approvals, easy eligibility, and flexible repayment options. You can also use the online car loan EMI calculator available on the Bajaj Finserv website. This online tool helps you in to calculate your EMI amount in advance and plans your finances better. All you have to do is enter the loan amount, repayment tenure, and interest rates and find your EMI amount in an instant.

Ready to start your car ownership journey? Visit the Bajaj Finserv website or download the app to know more about new car loans.