Business Loan v/s Car Par Loan
| Features | Business Loan | Car Par 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 |
| Rate of Interest | 19% to 28% | 11.99% |
| Documents | Additional business proof viz. ITR, GST Records & Audited Financial Statements | See list of documents required |
| 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 |
| Tenure | 12 - 36 months | Flexible from 12 months to 84 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 |
Need funds for business? Your Car is your ATM.
At Car Par Loan, we believe your car is more than just a ride – it’s a powerful asset that can fuel your growth. We are India’s first digital-first platform dedicated to helping individuals and business owners unlock instant funds through Loan Against Your Existing Car.
Tired of waiting weeks for a Business Loan at 19% interest with endless paperwork? With Car Par Loan, you can get a Loan Against Car starting at just 11.99%, with funds disbursed in as little as 2—7 days. The best part? You keep driving your car while using it to unlock up to 200% of its value.
Whether you’re a business owner needing working capital, a parent funding education, or someone planning a wedding, Car Par Loan offers a quick, simple, and transparent loan journey. With just your Aadhaar, PAN, and RC, you can access the funds you need without hassle.
Car Par Loan — Your Car, Your ATM. Smarter than traditional bank loans. Faster than ever.
Hear It From Our Customers
I wanted to open a second café outlet but couldn’t wait 3 weeks for a business loan. Car Par Loan helped me get funds in just 6 days that too from my existing car. I never had to stop using the car. Simple, Fast and Reliable.
Akash Patel
Ahmedabad | Café Owner
A regular business loan at 19% was too costly. Car Par Loan helped me get funds at just 11.99% with only my Aadhar, PAN and Car RC. I reinvested in machinery and doubled my production in 2 months.
Sanjay Gupta
Ludhiana | Manufacturing Unit Owner
Banks asked for 10+ documents and weeks of waiting to approve a business loan. With the help of Car Par Loan, I got approved for a loan against my car in just 5 days. Now my shop has the inventory it needs with the stress of high-interest business loans.
Ravi Mehra
Delhi | Retail Shop Owner
Business loans eat into profits with high EMIs. With Car Par Loan’s guidance, my EMI is lighter, and approval was quick. I unlocked 200% of my car’s value and used it to expand my wholesale business.
Imran Shaikh
Pune | Wholesale Trader
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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 +91-7710805528
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
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 interest 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@carparloan.com Terms & conditions apply. Loan disbursal at sole discretion of banks.
Get Car loan upto 200% of your car value.
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