Question 1

What is loan against car?

Accepted Answer

Loan against car is an easy and hassle free loan offered against your car.  It is an excellent option if you need funds quickly for any other financial requirement. Loan against car gets you a secured loan without having to mortgage any other asset.

Question 2

Why should I take a loan against car?

Accepted Answer

Loan against car is an easy way to get cash instantly. The loan can be utilized for almost any purpose. The tenures are pretty convenient and interest rates offered are lower than Personal Loans. Also, you get this loan amount on your existing car loan; hence it entails lesser documentation and easier processing when compared to a fresh loan.

Question 3

What happens if I am already running a car loan on my car?

Accepted Answer

If you have paid more than 12 EMIs on your existing car loan, we have exciting Loan against car offers from India's leading auto loan financiers. Just fill up the form on the website to start your Loan against car application and we will help you get your loan.

Question 4

What if I don’t have a loan running on my car?

Accepted Answer

If you own a car, we have a loan offer for you! In case you have closed your loan in recent 3 months, we will use your car loan track record to generate offers for you. In case you have closed before 3 months, we can still offer you loan against car basis your income & repayment details.If you have never availed a loan on your current car, we can also get you a refinance loan against the same car.

Question 5

How is loan against car better than personal or business loan?

Accepted Answer

Loan against car is simpler and faster than Personal or Business loans. The tenures are pretty convenient and interest rates offered are lower. Loan against car requires minimal documentation

Question 6

Can I get a loan if I don’t own a car?" title="Can I get a loan if I don’t own a car?

Accepted Answer

In case you do not own a car, we might still be able to get a loan to help you purchase your dream used car. Just visit CarDekho, select a used car from our listings and check your eligible loan offers now.

Question 7

Who will take care of my previous loan closure?

Accepted Answer

CarDekho provides door-step assistance to you at every step. To close your previous loan , we will directly deposit the loan foreclosure cheque to your previous financier on your behalf.

Meet any financial need with a loan against your car

How loan against car works?

1. You should own a car, with or without an outstanding loan

2. Provide basic car and personal details

3. Our finance partner do a few simple checks

4. Get money in your account and continue driving your car