Get a loan upto 200% of your car value

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For business or personal use, Car Par Loan enables you to raise quick funds against your car’s current value. Car Par Loan is available from major banks and reputed NBFCs to address your cash crunch emergencies.

If you’re struggling to get a personal or business loan approved, Car Par Loan offers quick and easy access to funds with a loan against your car.

You can get instant loans of up to 200% of your car’s value at low interest rates.

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Hear It From Our Customers

Our Banking Partners

CarParLoan Patner Tata Capital
CarParLoan Patner HDFC Bank
CarParLoan Patner ICICI Bank
CarParLoan Patner Bajaj Finserve
CarParLoan Patner IDFC First Bank
CarParLoan Patner Hero Fin Corp
CarParLoan Patner Yes Bank
CarParLoan Patner AU Small Finance Bank
CarParLoan Patner Kotak Mahindra Bank
CarParLoan Patner Piramal Bank

Documentation Required

CPL voter id
Valid Identity Proof (PAN Card/Aadhar Card/Passport/Voter ID)
CPL passport
Address Proof (Aadhar Card/Driving License/Passport)
CPL gst
GST Certificate/Trade certificate / Gumasta
CPL salary slip
Three months’ salary slip for salaried customers
CPL bank statement
Latest six months bank statements
CPL RC book
RC Book and Insurance copy of the vehicle

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Why Apply For a Car Par Loan?

CPL quick money

Quick Money

Instant top-up loan for vehicle owners

CPL high loan amount

High Loan Amount

Get up to 200% of your car’s current value

CPL repayment tenure

Flexible Repayment Tenure

Repay your loan easily with flexible EMIs

CPL interest rates

Competitive Interest Rates

Car Par Loan interest is much lower than personal or business loans

CPL quick & easy approval

Quick & Easy Approval

Apply for loan online 24/7 or connect with our representative via call at +91-7710805528

CPL minimal documentation

Minimal documentation

Only a few essential documents are required to apply for a loan against car

CPL no hidden charges

No hidden charges

All our fees and charges are clearly mentioned in our terms and conditions. We suggest you read them carefully before getting started

CPL pre approved

Pre-approved offers

Follow our 5 easy steps to getting your pre-approved Car Par Loan!

CPL online application

Online application process

We believe in digital! Apply for a loan against car at Car Par Loan anytime from your home or even on-the-go

Car Par Loan vs. Other Loans

Features Business Loan Car Par Loan Personal Loan
Loan Usage Business loans can be used to fund business-related activities Funds from loan against car can be used just like any other unsecured loan for any personal and business purpose Can be used for any personal needs - medical emergency to holidays
Rate of Interest 17% to 28% 12% to 15% From 12% to 28% per annum on unsecured personal loans
Documents Additional business proof viz. ITR, GST Records & Audited Financial Statements See list of documents required Same as any Car Loan
Factors affecting approval Business history, cash flows, future plans for the venture and projected future profits are taken into consideration Credit score, repayment history, and monthly income Credit score, repayment history, and monthly income
Tenure 12 - 36 months Flexible from 12 months to 84 months 12 - 48 months
Factors affecting approval The borrower may have to offer up an asset of value as collateral to get a business loan Credit score, repayment history, and monthly income No collateral required

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Check eligibility for a loan against your current car

CPL eligibility

Between 25 to 65 years at the end of loan tenure

Salaried and self-employed individuals can apply

Current car should not be older than 10 years

Existing Car Loan - Min. 12 EMIs should be paid on current car loan

FREQUENTLY ASKED QUESTIONS