LET'S GET YOU ON THE ROAD
"Get behind the wheel faster with easy, affordable car loans from Minutes Bazaar."
Features and Benefits
- Get a loan up to two times the value of your vehicle. For example: if your vehicle’s current value is 20 Lakhs, you can be eligible for a loan up to 40 Lakhs!
- Maximum loan amount of 50 Lakhs!
- Get interest rates starting at 11%, significantly lower than typical unsecured loans
- Flexible repayment tenure ranging between 1 and 5 years
- Use the funds for any personal or professional purposes
- Doorstep assistance for vehicle valuation
- Paperless process for eligible customers
- Fulfill your financial needs and retain the ownership of your vehicle
Eligibility Criteria
- Age: 18 – 60 years
- Salaried and Self employed
- Income – Min. Rs 2,50,000 per year
How to Apply
- Complete your application by submitting your Personal and Car details.
- Receive a call from our expert, confirm all the information and share necessary documents (if required)
- Get the valuation process completed for free and get the final sanction amount
- Loan is disbursed after final due diligence at lender’s end
FAQs
- A loan against a vehicle uses your vehicle as security to lend money. You can meet your financial needs and obtain larger loan amounts at reduced interest rates through this product.
- Loans up to 200% of the vehicle’s value are available to you. The maximum loan amount that can be availed is ₹50 lakhs.
- Interest rates for loans against a vehicle begin at 11% annually.
The following documents are needed for a loan against your vehicle:
- KYC Records
- Registration Certificate
- Proof of income and other records used to determine loan eligibility
On availing loan against your car, the customer will have to pledge his car ownership in the favour of the lender. Thus, the car will get hypothecated and a lien will be marked on the Registration Certificate by the respective RTO in the favour of the lender.