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Check Loan Against Used Car Eligibility

Currently is your car on loan?
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Other Services

Explore our additional services

Personal Loan
Home Loan
Business Loan
Loan Against Property

Which Loan Is Right for You? A Simple Comparison

Features
Best For
Business Loan: Business expansion, working capital, inventory, growth
Personal Loan: Personal needs like medical, travel, wedding, emergencies
Loan Against Car: Big-ticket needs using your existing car as leverage
End Use Restriction
Business Loan: Business-related purposes only
Personal Loan: No restriction
Loan Against Car: No restriction – personal or business use
Interest Rates
Business Loan: High: 19% – 36%
Personal Loan: Moderate: 12% – 24%
Loan Against Car: Lower: 11.99% onwards
Loan Amount
Business Loan: Depends on business turnover & vintage
Personal Loan: Based on income & credit score
Loan Against Car: Based on car value (up to 200% of market value)
Collateral Required
Business Loan: Often required (property / asset)
Personal Loan: No collateral
Loan Against Car: Car is used as collateral (you still drive it)
Tenure
Business Loan: 12 – 36 months
Personal Loan: 12 – 60 months
Loan Against Car: Flexible: 12 – 84 months
Documentation
Business Loan: ITRs, GST, business proof & financials, bank statements
Personal Loan: KYC, income proof, bank statements
Loan Against Car: Simple: KYC, income proof, car RC, insurance
Approval Factors
Business Loan: Credit history + business stability, cash flow & profitability
Personal Loan: Credit score, income proof, repayment history
Loan Against Car: Credit score + car value + repayment capacity
Approval Time
Business Loan: Slow: 1-2 weeks
Personal Loan: Moderate: 3-5 days
Loan Against Car: Fast: 2-3 days
EMI Burden
Business Loan: High due to short tenure & high interest
Personal Loan: Moderate depending on interest & tenure
Loan Against Car: Lower EMIs due to longer tenure
Loan Image

Get Instant Loan Approval

We provide fast and reliable loan services tailored to your needs. Whether it's for business expansion, personal expenses, or emergencies, our hassle-free process ensures quick approvals and minimal documentation.

Enjoy competitive interest rates, flexible tenure, and expert support throughout your journey.

Apply Now

Why Choose Us

We provide fast, reliable and customer-friendly loan services

Fast Approval

Get your loan approved quickly with minimal paperwork and instant processing.

Low Interest Rates

Enjoy competitive interest rates that make your repayments easier.

Easy Documentation

Simple and hassle-free documentation process for quick loan approval.

Flexible Loan Options

Choose from a variety of loan options that suit your financial needs.

Trusted & Secure

Your data is safe with us, ensuring a secure and transparent process.

24/7 Support

Our support team is always ready to assist you anytime, anywhere.

What Our Clients Say

Real feedback from our happy customers

News & Blogs

Our Working Process

Simple steps to get your loan approved

Application submit

Fill out a quick application form on our website or call our team. & Share basic details about your car (make, model, year) and loan requirement.

Review & Verification

We conduct a quick physical or digital inspection to assess your vehicle's current market value.Based on the valuation, we decide the loan amount (usually up to 150%–200% of the car’s value).

Loan Approval

After document verification and vehicle check, your loan is approved within 24–48 hours.You receive the Sanction Letter and loan agreement to sign.

Loan disbursement

Once signed, the loan amount is transferred directly to your bank account. You keep using the vehicle as usual—no ownership transfer needed.

FAQ Image

Frequently Asked Questions

The amount of loan against your car depends on your car’s age, model, and condition. LoanBajar offer up to 200% of your car’s current market value. That means if your car’s value is ₹5 Lakh, you could get up to ₹10 Lakh, depending on the eligibility criteria.

A Loan Against Car is a secured loan where your vehicle is used as collateral. You continue to own and use the car while repaying the loan in EMIs.

Our Banking Partners

Why Apply for Car 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

Repay your loan easily with flexible EMIs

Low Interest Rates

Much lower than personal or business loans

Quick Approval

Apply online or call +91-7710805528

Minimal Docs

Only essential documents required