Quick Processing
Loans that can be processed in less than 2 days.
Loan Against Car
Simple. Flexible. Transparent.
Fund your business needs, travel plans, education, marriage or any personal goals- 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
Features and Benefits
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
EMI Amount of Current Loan
Original Loan Amount of Current Loan
Required Loan Details
EMI PER MONTH
₹27,721
| 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.
Discover our other product or other loan options
- Personal Loan EMI
- Instant Loan
- Personal Loan Interest Rate
- ICICI Bank Personal Loan
- HDFC Personal Loan EMI Calculator
- Cibil Score
- HDFC Bank Personal Loan Interest Rate
- Used Car Loan
- New Car Loan
- Green Loan
- Car Loan EMI Calculator
- Balance Transfer Calculator
- Two Wheeler Loan Calculator
- Two Wheeler Loan
- Personal Loan
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.
*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)
Avail loan in 4 simple steps
1
Submit your Details
Fill your details on the platform
2
Check eligibility
Check your eligibility based on details submitted
3
Upload documents
Verify your identity
4
Leave the rest to us
Loan disbursal process initiated
- ₹ 20,391 Cr Loans Processed
- 3,72,953 Satisfied Customers
- 14,000+ Channel Partners
- 1536 Citywide Presence
Rated 4.8/5 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
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?
