Loan Against Car
Simple. Flexible. Transparent.
Fund your business needs, travel plans, education, marriage or any personal goals
Features and Benefits
Quick Processing
Loans that can be processed in less than 2 days.
Lower ROI than Personal loans
ROI on loan against used car is less than ROI on personal loans.
Flexible Loan Tenure
Flexible Loan repayment tenure that can be negotiated.
Multiple Lenders
Get best offers from multiple lenders
Current Loan Details
Required Loan Details
| Total Loan Amount | ₹3,12,000 |
| Foreclosure Charges | ₹0 |
| Cash In Hand | ₹3,12,000 |
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.
Loan Against Car Eligibility
You are eligible to avail a car loan if you meet the below criteria
For Salaried Individuals
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- Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
- Those who earn a minimum of ₹ 2,50,000 per year, including the income of the spouse.
- 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
- 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.
- Individuals who have been in business for minimum 2 years.
- Those who earn a minimum of ₹2,50,000 per year.
- Individuals who own a car and have paid at least 12 EMIs if there is an active loan on their car.
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)
Avail loan in 4 simple steps
Submit your Details
Fill your details on the platform
Check eligibility
Check your eligibility based on details submitted
Upload documents
Verify your identity
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
Rated 4.7/5 on GoogleLending Partners
Locations for Loan Against Car
Rupyy currently provides Loan Against Car across 22 other cities in India.
Ahmedabad
Bangalore
Bhubaneswar
Chandigarh
Chennai
Coimbatore
Delhi NCR
Guwahati
Hyderabad
Indore
Jodhpur
Jaipur
Kochi
Ludhiana
Lucknow
Mumbai
Mysore
Nagpur
Pune
Surat
Vadodara
Visakhapatnam- +29More
Rupyy in News
Mahindra Finance Partners With car&bike, Rupyy To Launch New Used Car Loan Service
Credit: carandbike.com
CarDekho Group's Rupyy sets its sights on EV financing, driving sustainable mobility
Credit: cardekho.com
Rupyy of CarDekho Group appoints Mayank Thatte as CFO
Credit: cfo.economictimes.indiatimes.com
CarDekho launches specialized fintech platform, Rupyy
Credit: freepressjournal.in
IndusInd Bank partners Rupyy to offer loans for used-cars
Credit: livemint.com
Chola and Rupyy strategically comes together to provide full spectrum of loans and allied services
Credit: equitybulls.com
