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What is
Loan Against Car?
Financial crises can happen at any time. You could need money right away, and tapping your savings might not be an option. By delivering rapid and accessible funding through Loan Against Car, Finflexi can offer a way out.
A loan against car can help you to acquire higher loan amounts at competitive interest rates and meet your financial needs with ease and convenience.With this kind of loan, borrowers are able to use their car as collateral to secure financing that can be applied to any need. Normally, the loan amount is determined by the car’s value and the borrower’s creditworthiness. So, you can avail loan upto 200% of the original loan value of your car with 100% online process and quick approval.
By obtaining a larger value on your car while taking depreciation into account, simple loan duration options, combined with a competitive rate of interest to best suit the current requirement, a loan on car can help you save money. You can so lower your monthly payments and have more money for other financial commitments. This service provides an optimal solution for those seeking to enhance their fiscal fortitude and increase their savings.
How to
Get Loan Against Car with Finflexi.com?
Get funds up to 200% of your car’s valuation with a maximum limit of Rs.75 Lakhs
Doorstep document collection
Loan approval in just 24 hours
Interest Rates : 13% to 20%
Loan Tenures: 12 to 60 months
What is
Loan Against Car Eligibility?
9Salaried
- Age : 21 to 60 years
- Duration of employment : 1 year
- Minimum Salary : Rs.22,500
- EMIs paid: 9
Self Employed
- Age : 21 to 65 years
- Duration of business : 1 years
- EMIs paid: 9
What are the
Documents Required?
For Applicant
- KYC Documents
- Passport Size Photo
- Last 6 Months Bank Statement
- Last 3 months Salary Slips & Form 16 incase of salaried and copy of latest ITR incase of self employed
- Last 2 years Form 16 incase of salaried above 15 Lakhs loan
- RC Book & Insurance
What are the
Benefits of Loan Against Car with FinFlexi?
High Value Hassle Free Loan
Get funds upto 200% of your car’s valuation with a maximum limit of Rs.75 lakhs
Quick Processing
Get loan approved in just 5 mins and receive funds in 24 hours
Doorstep document collection
Submit your documents to our representative without going out of home
Customized Loan Repayment
Choose from flexible loan tenure ranging from 12 to 60 months as per your requirement
No Hidden Charges
Choose from flexible loan tenure ranging from 12 to 60 months as per your requirement
How to
Apply for Loan Against Car at Finflexi.com?
Submit your Details
Fill in the application form on our website
Check Eligibility
Answer your phone for a quick chat with our representative.
Loan disbursal
After verification, Loan disbursal process will be initiated
Answers to
Frequently Asked Questions
What is balance transfer or top up car loan or loan against car ?
Loan against car or top up car loan is the process of replacing your existing car loan by taking a fresh loan on its car valuation.Top up car loan and loan against car are options where you can borrow more money against the value of your car.
How much finance I can avail for my car’s balance transfer ?
You can get upto 200% of the car valuation value.
What is the process of collection of documents?
Finflexi offers facility of doorstep document collection to make application process hassle free. Once application form is fill out, our executive will contact you to complete the paperwork at your convenience.
What will be the tenure, EMI and interest rate of my loan ?
FinFlexi offers car loan balance transfer with a flexible range of tenor upto 60 months that let you repay your loan in affordable EMIs but the interest rate depends on factors such as the specifics in your application like age and income. We’ll tell you the final applicable interest rate once we go through your application form and supporting documents.
Which cars can be financed with a balance transfer car loan ?
Except for commercial and cars with yellow plates, we offer funding for private vehicles. We don’t finance certain discontinued and unpopular models. Most importantly, a pre-owned will take into account the vehicle’s age.
Do I need any collateral to avail the loan against car or top up car loan ?
Nope, We don’t need any additional collateral for your loan.
Are there any foreclosure and part payment charges applicable ?
If you wish to part prepay or foreclose your loan, It will vary from bank to bank 2%-5% inclusive of applicable taxes on the principal outstanding / prepaid amount will be charged as foreclosure/part payments fees.
Do I need a guarantor/co-applicant for pre-owned car loans?
You do not need a guarantor/co-applicant for pre-owned cars unless income fails to meet our required eligibility criteria. In such cases, you may be required to have a guarantor or a co-applicant to surety of your loan.
How do I reach Finflexi for any other information on my loan ?
Reach us by mailing us at loanenquiry@finflexi.com or call us +91 9990606020 and we wil answer all your loan related queries.
Who are
Our Lending Partners
