Transfer Your Car Loan for Better Terms
Refinance your existing car loan with our Balance Transfer Car Loan to enjoy better terms and lower interest rates. We offer a streamlined process to transfer your loan with minimal paperwork and extended repayment options. Our loan covers up to 100% of the on-road price, including necessary costs. With daily reducing balance interest, you benefit from lower overall repayment amounts. Simplify your car loan management and reduce your monthly burden by switching to our better financing solution today.
- Lower Interest Rates for Balance Transfer
- Extended Repayment Tenure (up to 8 years)
- Transfer Existing Loan with Minimal Paperwork
- 100% On-Road Price Financing
- Daily Reducing Balance Interest
- Refinance Your Car Loan for Better Terms
Eligibility Criteria
To be eligible for a BT Car Loan, you must meet specific requirements that ensure a seamless transfer and favorable new terms.
- Age Limit: Applicants should be between 21 and 65 years old.
- Credit Score: A good credit score is essential for better rates and terms.
- Existing Loan Status: Your current car loan should be in good standing.
- Income Verification: Provide proof of stable income to support the new loan terms.
- For Salaried: Min. Rs. 20,000/month Salary must.
- For Self Employed: Min. ITR of 2,50,000 and 2 years ITR Proof.
Other Loan Solutions
Still Confused?
For assistance with your BT Car Loan application, please fill out the form below, and our adviser will assist you with the process.
Documents Required
To transfer your car loan, you need to provide certain documents to verify your identity and financial status.
Salaried
- Statement of the bank account for last 6 months.
- 2 passport size photographs
- Proof of Identity
- Address Proof
- Income Proof: Latest Salary Slip, Form 16
- I.T. Returns or Form 16 for the last 2 years.
- Proof of Identity: (copy of any one) Passport / PAN Card / Voters ID card / Driving License etc.
- Address Proof: (copy of any one) Ration card / Driving License / Voters ID card / Passport / Telephone Bill / Electricity bill / Life Insurance policy.
Note:
- Form 16/ITR is waived for our Salary Package customers who are maintaining their salary account with the Bank for minimum 12 months.
- Statement of Bank Account (for six months) is waived for our Salary Package customers who are maintaining Salary account with us.
Non-Salaried/Professional/Businessman
- Statement of the bank account for last 6 months.
- 2 passport size photographs
- Proof of Identity
- Address Proof
- Income Proof: ITR for last 2 years
- I.T. Returns or Form 16 for the last 2 years.
- Audited Balance sheet, P&L statement for 2 years, Shop & establishment act certificate / sales tax certificate / SSI registered certificate / copy of partnership.
Process
How to Apply
Step 1
Verify that you meet the criteria for a BT Car Loan.
Step 2
Collect necessary documents for the loan transfer.
Step 3
Submit your application for the BT Car Loan.
Step 4
Share information about your existing car loan.
Step 5
Receive approval and enjoy the benefits of your new loan terms.