Get Funds Against
Your Vehicle
Pledge your existing car and get instant funds without selling it. Enjoy quick processing, minimal documentation, and retain full usage of your vehicle.
RC Hypothecation
Simple Endorsement
High Valuation
Max Amount on your Car
Same Day Cash
Instant Disbursal
Loan Against Car Highlights
Everything you need to know about our Loan Against Car at a glance.
Loan Amount
Up to ₹2 Crore
Get funds based on the current market value of your car.
Interest Rate
Starting From 12.00%*
Affordable rates for your short-to-medium term needs.
Tenure
Up to 5 Years
Flexible repayment options tailored for your comfort.
Quick Approval
Within 24-48 Hours
Fast-track processing and vehicle valuation.
Why Choose Our Car Loan
Experience a seamless borrowing journey without compromising your daily commute.
Retain Your Vehicle
Keep driving your car; only the RC is endorsed to the lender.
Multi-purpose Usage
Use the loan amount for any personal, medical, or business need.
High Loan-to-Value
Get maximum possible funds against the valuation of your car.
Minimal Documentation
No lengthy paperwork; just basic KYC and vehicle documents.
Quick Disbursal
Get funds transferred to your account within hours of valuation.
Secure Process
100% transparent and RBI-compliant lending process.
EMI Calculator
Estimate your monthly EMI and plan your finances with our easy-to-use calculator.
Equated Monthly Installment (EMI)
₹10,747
Total Interest
₹1,44,817
Total Payment
₹6,44,817
Car Loan Benefits
Unlock maximum benefits by leveraging your vehicle's value.
Dual Advantage
Meet urgent cash needs without giving up your daily mode of transport.
Fair Valuation
Transparent evaluation process to ensure you get the right value for your car.
No Income Proof
Certain schemes available even with minimal income documentation.
Credit Score Friendly
Easier to get approved compared to unsecured loans, even with average credit.
Top Lenders
Compare and choose the best loan offers from top partnered banks and NBFCs.
Doorstep Service
Enjoy VIP assistance with document collection and car valuation at home.
Explore Other Loans
Check out our wide range of loan solutions tailored to meet your unique financial needs.
Eligibility Criteria
Simple requirements to ensure a smooth approval process.
Car Ownership
The car must be registered in the name of the applicant.
Vehicle Age
The car should generally not be older than 5-7 years at loan maturity.
Age Criteria
Applicant age should be between 21 to 65 years.
Free of Encumbrance
The car should not have an existing active loan on it.
Income Stability
Proof of stable income to ensure easy repayment of EMIs.
Valid Documents
Valid RC, Insurance, and PUC certificate must be available.
Required Documents
Keep these documents handy to ensure lightning-fast processing.
KYC Documents
Original RC Book
Valid Car Insurance
Valid PUC
6 Months Bank Statement
Income Proof (ITR/Salary)
Spare Keys
Passport Photos
Frequently Asked Questions
Find quick answers to common questions about Loan Against Car.
Do I have to surrender my car to the bank?
No, you do not have to surrender your car. You can continue driving and using it for your daily needs. The lender will only endorse their name on your Registration Certificate (RC) as hypothecation.
How is the loan amount decided?
The loan amount is decided based on the current market value of your vehicle (evaluated by an authorized valuer) and your repayment capacity.
Can I get a loan if my car is already under finance?
Generally, the car must be free from any existing loans (no active hypothecation). However, some lenders may offer top-up loans or balance transfer options.
Is comprehensive insurance mandatory?
Yes, since the car serves as collateral, a valid comprehensive insurance policy is mandatory throughout the loan tenure.