Loan Against Car

Unlock the value of your car and get upto 200% of the original value

Unlock Best Loan Against Car Offers Suitable for Your Needs tick Loan Amount upto 50 Lakhs tick Easy Online Process tick Instant Approval tick Flexible Tenure
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Features and Benefits +
  • tick Get a loan up to two times the value of your vehicle. For example: if your vehicle’s current value is 20 Lakhs, you can be eligible for a loan up to 40 Lakhs!
  • tick Maximum loan amount of 50 Lakhs!
  • tick Get interest rates starting at 11%, significantly lower than typical unsecured loans
  • tick Flexible repayment tenure ranging between 1 and 5 years
  • tick Use the funds for any personal or professional purposes
  • tick Doorstep assistance for vehicle valuation
  • tick Paperless process for eligible customers
  • tick Fulfill your financial needs and retain the ownership of your vehicle
Eligibility Criteria +
  • Age - 21 - 60 years
  • Salaried and Self employed
  • Income - Min. Rs 2,50,000 per year
How to Apply +
  • Complete your application by submitting your Personal and Car details.
  • Receive a call from our expert, confirm all the information and share necessary documents (if required)
  • Get the valuation process completed for free and get the final sanction amount
  • Loan is disbursed after final due diligence at lender’s end
Anchor Partners +
  • HDFC Bank
  • IDFC First Bank
  • AU Small Finance Bank
FAQs +
  • How Does a Car/Vehicle Loan Operate?
    A loan against a vehicle uses your vehicle as security to lend money. You can meet your financial needs and obtain larger loan amounts at reduced interest rates through this product.
  • How much can I borrow against my vehicle?
    Loans up to 200% of the vehicle’s value are available to you. The maximum loan amount that can be availed is ₹50 lakhs.
  • What is the interest rate on a car loan?
    Interest rates for loans against a vehicle begin at 11% annually.
  • What paperwork is needed in order to apply for the loan?
    The following documents are needed for a loan against your vehicle:
    1. KYC Records
    2. Registration Certificate
    3. Proof of income and other records used to determine loan eligibility
  • How does my RC ownership change on availing the loan?
    On availing loan against your car, the customer will have to pledge his car ownership in the favour of the lender. Thus, the car will get hypothecated and a lien will be marked on the Registration Certificate by the respective RTO in the favour of the lender.