How loan against car works?

Getting a loan against your car is quick, easy and hassle free

You should own a car, with or without an outstanding loan

Provide basic car and personal details

Our finance partner do a few simple checks

Get money in your account and continue driving your car

Loan Against Car Interest Rate Comparison

Lender Interest Rate Loan amount
HDFC Bank 13.75% to 16% Upto 160% of the car value
AXIS Bank 14.5% to 17% Upto 160% of the car value
IDFC First Bank Starts from 15% Upto 200% of the car value
Kotak Prime Starts from 16% Upto 150% of the car value
ICICI Bank 14.25% to 18% Upto 160% of the car value
Tata Capital 15.50% to 17% Upto 160% of the car value
Bajaj Finserv 14.25% to 18% Upto 175% of the car value
Hero Fincorp 16% to 19% Upto 160% of the car value
Mahindra Finance 18% to 23% Upto 50% of the car value


Loan Against Car Documents

Salaried Individuals Self Employed Individuals
KYC documents KYC documents
PAN Card PAN Card
Salary Slip(latest 3 months) Last 2 years ITR as proof of income
Salary account statement(latest 6 months) Salary account statement(latest 6 months)
Registration Certificate of the car Signature Verification Proof
Loan track (if there is an active loan on the car) Registration Certificate of the car
- Loan track (if there is an active loan on the car)

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