HomeLoan Against Car

Loan Against Car

Simple. Flexible. Transparent.

Fund your business needs, travel plans, education, marriage or any personal goals

Do you have an existing loan against your car?

  • Attractive interest rates Lower ROI than Personal loans
  • Upto 150% LoanFunding upto 150% of your car's value
  • Paperless ProcessEnd to End Digital lending experience
  • Quick ApprovalsInstant eligibility check and approvals
Loan Against Car

Features and Benefits

Quick Processing

Quick Processing

Loans that can be processed in less than 2 days.

Lower ROI than Personal loans

Lower ROI than Personal loans

ROI on loan against used car is less than ROI on personal loans.

Flexible Loan Tenure

Flexible Loan Tenure

Flexible Loan repayment tenure that can be negotiated.

Multiple Lenders

Multiple Lenders

Get best offers from multiple lenders

Current Loan Details

EMI Amount of Current Loan
Original Loan Amount of Current Loan
Original Loan Tenure
Months
18
 18  Months Months 60
Number of EMIs Paid
Months
12
 12  Months Months 60

Required Loan Details

Duration of Loan
Months
12
 12  Months Months 60
Interest Rate*i
*Rate of interest can vary subject to credit profile. Loan approval is at the sole discretion of the finance partner.
(P.A.)
%
12%
 12  % % 25
EMI PER MONTH
₹27,721
Total Loan Amount₹3,12,000
Foreclosure Charges₹0
Cash In Hand₹3,12,000
Getting a loan against your car is quick, easy and hassle-free

What is Loan Against Car

Loan against car or Car Refinancing provides a convenient and stress-free borrowing option using your car as collateral. It proves to be a great choice when you require fast funds for various financial needs. This type of loan offers a secured option without the necessity of pledging any additional assets.

Discover our other product or other loan options

Loan Against Car Eligibility

You are eligible to avail a car loan if you meet the below criteria

For Salaried Individuals

  • right arrow Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 60 at the end of the loan tenure
  • right arrow Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
  • right arrow Those who earn a minimum of ₹ 2,50,000 per year, including the income of the spouse.
  • right arrow Individuals who own a car and have paid at least 12 EMIs if there is an active loan on their car.

For Self Employed Individuals

  • right arrow Individuals who are a minimum of 25 years of age at the time of applying for the loan, and no older than 60 at the end of the loan tenure.
  • right arrow Individuals who have been in business for minimum 2 years.
  • right arrow Those who earn a minimum of ₹2,50,000 per year.
  • right arrow Individuals who own a car and have paid at least 12 EMIs if there is an active loan on their car.
*Final eligibility is subject to profile and credit score

Documents required for loan against car

You need to submit the following documents for processing your application

  • KYC documents (Valid Photo ID Proofs)
  • Last 2 years ITR as proof of income (for self-employed individuals)
  • Salary account statement(latest 6 months)
  • Registration Certificate of the car

  • PAN Card
  • Salary Slip (latest 3 months)
  • Signature Verification Proof
  • Loan track (if there is an active loan on the car)
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Avail loan in 4 simple steps

1
Submit your Details

Submit your Details

Fill your details on the platform

2
Check eligibility

Check eligibility

Check your eligibility based on details submitted

3
Upload documents

Upload documents

Verify your identity

4
Leave the rest to us

Leave the rest to us

Loan disbursal process initiated

  • ₹ 20,391 Cr Loan Processed
  • 3,72,953 Satisfied Customer
  • 14,000+ Channel Partners
  • 1536 Citywide Presence
Star Rank IconRated 4.7/5 on Google

Lending Partners

  • Icici Bank
  • HDFC Bank
  • Axis Bank
  • Hero FinCrop
  • mahindra finance
  • IDFC First Bank
  • Bajaj Finance
  • Tata Capital
  • Bandhan Bank
  • Piramal

Locations for Loan Against Car

Rupyy currently provides Loan Against Car across 22 other cities in India.

  • Loan against car in AhmedabadAhmedabad
  • Loan against car in BangaloreBangalore
  • Loan against car in BhubaneswarBhubaneswar
  • Loan against car in ChandigarhChandigarh
  • Loan against car in ChennaiChennai
  • Loan against car in CoimbatoreCoimbatore
  • Loan against car in Delhi NCRDelhi NCR
  • Loan against car in GuwahatiGuwahati
  • Loan against car in HyderabadHyderabad
  • Loan against car in IndoreIndore
  • Loan against car in JodhpurJodhpur
  • Loan against car in JaipurJaipur
  • Loan against car in KochiKochi
  • Loan against car in LudhianaLudhiana
  • Loan against car in LucknowLucknow
  • Loan against car in MumbaiMumbai
  • Loan against car in MysoreMysore
  • Loan against car in NagpurNagpur
  • Loan against car in PunePune
  • Loan against car in SuratSurat
  • Loan against car in VadodaraVadodara
  • Loan against car in VisakhapatnamVisakhapatnam
  • +29More

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Frequently Asked  Questions

What is loan against car?
Why should I take a loan against car?
What happens if I am already running a car loan on my car?
What if I don’t have a loan running on my car?
What will be the RTO charges and who will bear them?