Turn Your Car Into Cash, Instantly
Get up to 200% of your car’s value—without selling it.
Loan Against Car Overview
Loan Against Car allows you to unlock funds using a car under a running loan. Borrowers can access up to 200% of the car’s market value, depending on eligibility.
Features and Benefits of our Loan Against Car
- Loan up to 200% of car valuation
- Flexible repayment tenure from 12 to 60 months
- Continue using your car during the loan
- Lower interest compared to unsecured loans
Loan Against Car Eligibility and Documents
Read on to know the criteria required to apply for our loan against car.
Loan Against Car Eligibility
- Applicant Age: 21–60/75 years
- Salaried Individuals: Minimum annual income ₹2–4 lakh
- Self-employed Individuals: Minimum 2–3 years of business continuity
- Car Status: Running loan with at least 9 EMIs cleared
- Loan Track Record: No bounced EMIs
- Car Age: Up to 10 years including loan tenure
- Credit Score: 700+ preferred
Documents Required to Apply for Loan Against Car
- Car RC & Insurance papers
- Loan account statement showing EMIs paid
- Identity Proof, Address Proof, Income Proof, Bank Statements, Passport-size photographs
Fees and Charges for Loan Against Car
| Particulars | Charges |
|---|---|
| Loan Processing Fees | 1% – 2% of loan amount |
| Documentation & Valuation Charges | As applicable |
| Foreclosure / Prepayment Charges | Applicable |
Loan Against Car Reviews
I was approved for up to 180% of my car’s value, which really helped me access more funds than expected. The process was smooth and very helpful.
Amit Patkar
I managed to get a 14% rate, which was much lower than the 18% interest I was paying on my business loan. This made repayment far more manageable.
Kavita Desai
After completing 9 EMIs, I was able to access funds for urgent expenses. The option came at the right time and was handled quickly.
Suresh Joshi
Flexible EMIs and fast approval made the entire process stress-free. I would surely recommend their service to others.
Pooja Rane
Loan Against Car FAQs
Up to 200% of car’s value, depending on eligibility. More EMIs paid → higher multiplier.
Car must be under a running loan with 9+ EMIs cleared, no bounced EMIs, age including tenure ≤10 years.
Yes, prepayment/foreclosure is allowed.