Bajaj Finance Three-Wheeler Loan at a glance
| Feature | Bajaj Finance Three-Wheeler Loan |
|---|---|
| Product name | Three-Wheeler Finance |
| Interest rate | Up to 27.25% p.a. |
| Rate type | Not published on the loan provider's website. Ask for it in the Key Fact Statement. |
| Maximum tenure | Not published on the loan provider's website. Ask for it in the Key Fact Statement. |
| How much it funds | Not published on the loan provider's website. Ask for it in the Key Fact Statement. |
| Processing fee | Up to 5% of loan amount (incl. taxes) |
| Pre-closure / prepayment | Foreclosure up to 4.72% (incl. taxes) of outstanding; part-prepayment up to 4.72% of principal prepaid |
Source: bajajfinserv.in, checked 4 October 2026. Bajaj Finance publishes maximum ("up to") rates, not starting rates, so these are ceilings rather than typical offers.
Bajaj Finance vs other loan providers for three-wheeler loans
Published figures from each loan provider's own website. Some loan providers publish a starting rate, some a range actually given to customers, and some only a maximum, so read the column with care and compare final offers on the APR in the Key Fact Statement.
| Loan provider | Published rate | Max tenure | Type |
|---|---|---|---|
| Mahindra Finance | 8% - 25% p.a. | 4 years | NBFC |
| TVS Credit | 13% - 29% p.a. | 4 years | NBFC |
| Bajaj Finance | Up to 27.25% p.a. | — | NBFC |
| Bajaj Auto Credit | Up to 30% p.a. | 3-84 months | NBFC |
| Chola | New non-EV 21% - 28%; used non-EV 25% - 28% p.a. | — | NBFC |
What kind of loan provider Bajaj Finance is
Bajaj Finance is a non-banking finance company (NBFC) regulated by the RBI. NBFCs often lend to people banks may turn down, such as first-time borrowers, farmers or self-employed people with irregular income, and reach smaller towns through dealers. In return their rates and fees are usually higher than a bank's, so they suit you best when a bank loan is not available or is much slower.
Large diversified consumer-lending NBFC; vehicle finance alongside personal, consumer durable, home and business loans
Documents you will usually need
Most loan providers ask for a similar set. Bajaj Finance may ask for more depending on your profile.
- Identity proof such as Aadhaar, PAN or voter ID
- Address proof such as a utility bill or rent agreement
- Driving licence with transport endorsement or badge where required
- Permit or permit application papers, if the city requires them
- Bank statements or proof of daily income, if available
- Proforma invoice from the dealer for the chosen three-wheeler
- Passport size photographs and guarantor details if requested
Before you sign with Bajaj Finance
- Get the Key Fact Statement (KFS). RBI requires loan providers to give you a KFS before you sign, showing the interest rate, all fees, the annual percentage rate (APR) and the total amount you will repay.
- Compare the APR, not the headline rate. A low rate with a high processing fee can cost more than a slightly higher rate with no fee.
- Ask about pre-closure charges. Fixed-rate vehicle loans often carry charges for paying early; floating-rate loans to individuals cannot.
- Check what is bundled. Insurance, extended warranty or accessories added to the loan raise the amount you pay interest on. You are free to buy insurance elsewhere.
- Make sure the hypothecation is recorded and later removed. The loan provider's name is noted on the registration certificate; after the last EMI, collect the NOC and get it removed at the RTO.
Apply on bajajfinserv.in or at a branch. Never pay anyone an upfront fee to "get a loan approved"; genuine loan providers deduct fees only from the loan itself.
More from Bajaj Finance and similar loans
Other vehicle loans from Bajaj Finance:
Buying a used car? Read the used car loan guides
A second-hand car changes the rate, the tenure and the paperwork. These guides cover rates by loan provider, car age limits, valuation, down payment and RC transfer.
Compare Bajaj Finance with other loan providers
See Bajaj Finance's published vehicle loan rates, fees and tenure next to another bank or NBFC.
Frequently asked questions
What is the Bajaj Finance three-wheeler loan interest rate?
Bajaj Finance publishes Up to 27.25% p.a. (checked 4 October 2026). Your own rate depends on your credit score, income, loan amount and the vehicle.
What is the maximum tenure for a Bajaj Finance three-wheeler loan?
The tenure is not published on the website; ask the loan provider. Most three-wheeler loans run between one and seven years.
How much of the vehicle cost does Bajaj Finance fund?
Bajaj Finance does not publish a funding limit for this loan; it depends on your profile and the vehicle.
What processing fee does Bajaj Finance charge?
Up to 5% of loan amount (incl. taxes). GST is usually added on top unless stated.
Can I close a Bajaj Finance three-wheeler loan early?
Foreclosure up to 4.72% (incl. taxes) of outstanding; part-prepayment up to 4.72% of principal prepaid.
Is Bajaj Finance regulated?
Yes. Bajaj Finance is regulated by the Reserve Bank of India as a NBFC. If a complaint is not resolved by the loan provider within 30 days, you can approach the RBI Integrated Ombudsman.
KhatuLoans is not a loan provider and is not paid by the loan providers or brands named here to rank them. Rates, fees and prices change; always confirm with the loan provider and dealer. Read our editorial policy and how we make money.