Turn Your Fully Owned Car Into Instant Funds.
Use your car with no loan on it to get instant funds with flexible repayment.
Car Loan Refinance Overview
Car Loan Refinance allows you to unlock up to 85% of your fully owned car’s value. The vehicle must be loan-free at the time of applying. This loan helps you access funds without selling your car.
Features and Benefits of our Car Loan Refinance
- Access funds up to 85% of your car’s valuation
- Competitive interest rates
- Flexible repayment tenure: 12–60 months
- Vehicle must be loan-free
Car Loan Refinance Eligibility and Documents
Read on to know the criteria required to apply for our Car Loan.
Car Loan Refinance Eligibility
- Applicant Age: 21–59 years
- Salaried Individuals: Minimum annual income ₹2–4 lakh
- Self-employed Individuals: 2+ years of stable business
- Existing Car Loan: Vehicle must be fully paid off
- Car Age: Up to 10 years
- Credit Score: 700+ preferred
Documents Required to Apply for Car Loan Refinance
- Car RC & Insurance
- Proof of loan-free car ownership
- Identity & Address Proof
- Income Proof & Bank Statements
- Passport-size photographs
Fees and Charges for Car Loan Refinance
| Particulars | Charges |
|---|---|
| Loan Processing Fees | 1% – 2% of loan amount |
| Documentation & Valuation Charges | As applicable |
| Foreclosure / Prepayment Charges | Applicable |
Car Loan Refinance Reviews
I refinanced my fully owned car and received 85% of its value as a loan. The entire process was smooth and very convenient.
Rohit Mehra
I was offered a competitive interest rate that turned out better than my earlier loans. It made refinancing a smart choice for me.
Anjali Sharma
Refinancing helped me consolidate my existing debts into one manageable loan. The process was easy and I would highly recommend it.
Vikram Joshi
Approval was quick and the repayment terms were flexible. It worked perfectly for handling unexpected emergencies.
Neha Kapoor
Car Loan Refinance FAQs
Loan that allows you to unlock funds against a fully owned, loan-free car.
Yes, provided the car is loan-free.
Up to 85% of your car’s current market value.
A score of 700+ is preferred.
Yes, prepayment or foreclosure is allowed.