Frequently Asked Questions
Does this require car verification or valuation?
A valuation and verification process will be performed on the vehicle you pledge as security.
What are the tenor options available for a loan against car?
The repayment period for the loan ranges from 12 to 72 months. By the end of the tenor, the car’s age should not be more than 12 years.
Who is eligible for a loan against car?
A loan against car can be availed of by anyone who owns a car, meets the minimum eligibility, and submits the required documents.
Is a guarantor required for a loan against car?
No, the automobile serves as security.
Which cars are eligible for a loan against car finance?
Any hatchbacks and sedans, except for some out-of-production models, can be financed. Funding for commercial/ yellow number plate cars, on the other hand, is not available.
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