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loan against car near me

Get Loan Against Car Near Me

Delhi Car Loan in order to simplify the process of obtaining finance for purchasing a pre-owned vehicle, we have gathered the loan information from most of the customers in one place. The information presented below will give you an indication of the prevailing rates, application process etc. You can complete financial solution as per your requirement as we are authorized DSA for HDFC Bank.

Loan Against Car Near Me : Specialized Lenders

Some lenders specialize in providing loans against the value of vehicles. Look for such lenders in your area.

Loan Against Car Near Me: Documentation

Gather the necessary documents, which typically include:

  • Registration certificate (RC) of the car.
  • Insurance papers.
  • Identity proof (Aadhar card, passport, etc.).
  • Address proof.
  • Income proof (salary slips, income tax returns, etc.).
  • Passport-sized photographs.

Loan Against Car Near Me : Simplified Processes

We have simplified banking for you by ensuring transparency in dealings. Our team will lead you through the whole process, including sourcing and documentation.

Loan Against Car Near Me : Benefits
  • Typically, a loan against car near me can be availed to the extent of 200% of the current value of your car. The cash in hand is higher if you have paid more Equated Monthly Instalments (EMIs) of you existing car loan.
  • The documentation required to apply for a loan against car near me is minimal.For loan amounts under 10 lacs, most financiers don’t even ask for ITRs or Balance sheets.
  • Loan against car application is faster to process in banks. This is mainly because of the presence of an existing loan. Physical verification of your residence/office generally gets waived off.
  • Interest rates for loan against car are much more attractive as compared to other kinds of unsecured loans, which makes it a cost-effective solution. Other alternatives for meeting your funding needs like personal loan or gold loan are provided at higher rates ranging from 16% to 24% per year.
Loan Against Car Near Me:Check Eligibility:

Review the eligibility criteria set by lenders. Typically, they consider factors such as the age and condition of your car, your income, and credit history.