We provide car loans at best rates in the industry. We do new car loans,used car loans and loan against car.

With the advancement of latest technologies, life is changing faster and so do the car models. New facelift versions and new variants are launching quite frequently making it difficult to resist the temptation for upgrading to the car of latest technology.

Types of loan we offer :-

• New Car Loan: As the name suggests, a new car loan can be used to purchase a brand new car straight out of the showroom. Banks offer new car loans at an interest rate of 9-14% p.a. for a loan tenure of 1 to 7 years. New car loans are available for most makes and models of cars in the market.
• Used Car Loan: Banks and NBFCs offer used car loans up to 80-85% of the price of the car at an interest rate of 12-18% p.a. for a loan tenure ranging from 1 to 5 years. Used car loans can be used to purchase pre-owned or used cars that are less than 5 years old or doesn’t exceed more than 10 years at the time of loan maturity.
• Loan against Car: When one is in dire need of funds, he or she can pledge his or her old car as collateral in order to obtain sufficient funds to purchase a new car. This is known as Loan against Car. Some banks in India offer loan against car up to Rs.10 lakh or 100% of the value of the car at an interest rate of 14-15% p.a. for a loan tenure of 1 to 3 years. For instance, if you have a bad credit score, you can pledge your old car to the bank as collateral to obtain some much-needed funds.