Get a loan upto 200% of your car value
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.
Hear It From Our Customers
I was immediately taken away by the amazing loan offer Car Par Loan gave me. They helped me raise funds in the hour of need and I highly appreciate it. Would recommend them to all my friends and family.
John D’Souza
Goa
From the moment I submitted my application, everything proceeded swiftly and efficiently. I am incredibly impressed with the level of service I received. The team at Car Par Loan truly goes above and beyond to make you feel like a valued member of their family. I look forward to our future dealings, and I will certainly be a repeat customer.
Piyush Gondaliya
Surat
The dream of owning my own car had been with me for a long time. But, I knew I needed the right financing partner. Car Par Loan made the entire car-buying process a breeze. If you’re looking for a car loan, Choose Car Par Loan.
Shivani Negi
Dehradun
I am absolutely amazed by how quick Car Par Loan got me a Loan Against My Car Maruti Suzuki Ciaz. To be honest, I wasn't even aware that I could easily get a loan against my car until I stumbled upon Car Par Loan through a friend of mine who had used their service previously. Kudos to the quality support!
Ritwik Sharma
Delhi
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Why Apply For a Car Par Loan?
Quick Money
Instant top-up loan for vehicle owners
High Loan Amount
Get up to 200% of your car’s current value
Flexible Repayment Tenure
Repay your loan easily with flexible EMIs
Competitive Interest Rates
Car Par Loan interest is much lower than personal or business loans
Quick & Easy Approval
Apply for loan online 24/7 or connect with our representative via call at +91-7710892673
Minimal documentation
Only a few essential documents are required to apply for a loan against car
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
Pre-approved offers
Follow our 5 easy steps to getting your pre-approved Car Par Loan!
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 |
Check eligibility for a loan against your current car
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
- Quick Money. Instant hassle free top-up loan
- High Loan Amount
- Flexible repayment tenure
- Competitive rates
- Quick and easy processing and approval
- Fewer documents required for approval compared to other loans
Fill in our simple form by entering your vehicle details to check eligibility
- Our intuitive AI based algorithm will perform a verification at backend to suggest a suitable loan amount of up to 200% of the price of your car
- All banks require a valuation or inspection of the car against which you are taking the loan.
- If you are a salaried person, provide your recent salary slips and tax returns as proof of income.
- If you are self-employed, submit the latest KYC/Latest bank statement /Business proof
- For more details about the document requirements*, reach out to us at contact@carpaloan.com
Terms & conditions apply. Loan disbursal at sole discretion of banks.
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