Loan Against Car
Unlock the Value of Your Car with Instant Funding
Get quick access to funds by leveraging the value of your car — whether it is fully paid or currently financed. A Loan Against Car is a smart financing solution for business expansion, working capital needs, medical emergencies, personal requirements, or debt management without selling your vehicle.
Continue using your car while accessing high-value funding with flexible repayment options and faster approvals.
Loan Highlights
- Loan Amount: Up to ₹25 Lakh*
- Funding: upto 200% of Car Value* (subject to lender policy)
- Available for Loan-Free & Financed Vehicles
- Suitable for Personal & Business Financial Needs
Key Benefits
- Quick Approval & Faster Disbursal*
- Lower Interest Rates Compared to Personal Loans*
- Flexible EMI & Repayment Options*
- Minimal Documentation Process*
- Continue Using Your Vehicle During Loan Tenure*
Who Can Apply?
- Salaried Individuals
- Self-Employed Professionals
- Business Owners
- Existing Car Owners
- Proprietorship Firms, LLPs & Companies
Documents Required
- Aadhaar Card & PAN Card
- Income Documents / ITRs
- Business Proof (for Self-Employed Applicants)
- Last 6 Months Bank Statements
- Vehicle Registration Certificate (RC Copy)
- Latest Electricity Bill / Address Proof
- Passport Size Photographs
Get More Information
Talk to an expert
+91-9667227065
Note: The final list of required documents may vary depending on the lender's policies, applicant profile, vehicle condition, and repayment history.
Compare Loan Rates from Trusted Lenders
Explore loan offers from leading Banks & NBFCs and choose the most suitable financing solution.
| Lender | Interest Rates* | Loan Offer* |
|---|---|---|
| HDFC Bank | 11.50% - 14.25% | Up to 200% of Car Value |
| ICICI Bank | 12.25% - 15.75% | Up to 200% of Car Value |
| Tata Capital | 14.25% - 18.50% | Up to 200% of Car Value |
| Hero FinCorp | 15.50% - 19.50% | Up to 175% of Car Value |
| Poonawalla Fincorp | 14.50% - 18.00% | Up to 175% of Car Value |
Loan Eligibility Made Simple
Salaried Individuals
- Age: 21 to 65 years.
- Minimum Work Experience: 2 Years.
- Minimum Annual Income: Starting from ₹2.5 Lakh*
- Minimum 12 EMIs Paid on Existing Vehicle Loan*
Self-Employed Individuals
- Age: 21 to 65 years.
- Business Vintage: Minimum 2 Years.
- Minimum Annual Income: Starting from ₹2.5 Lakh*
- Minimum 12 EMIs Paid on Existing Vehicle Loan*
Disclaimer
Loan amount, Loan-to-Value (LTV) ratio, interest rate, tenure, repayment terms, and approval are subject to applicant eligibility, income profile, vehicle condition, repayment history, documentation, and respective Bank/NBFC policies. Terms & Conditions apply.
Grievance & Compliance
Your satisfaction is important to us. Our Grievance and Compliance Officer is available to support you with any queries or issues.
