Apply for the loan against your Used Car
With Low Interest Rates
Get Car Loan up to ₹50 Lacs
With Low Interest Rates
Eligibility:
A Car loan where your vehicle is used as security. It's possible to borrow money against the current value of your car. It is ideal for when you need cash fast but want to keep hold of your car. You can continue to drive your car while you’re repaying your loan. It is applicable for both new and used vehicles. The loan amount is typically 50% to 80% of the car value.
Features of Car Loan
Secured loan supported by your vehicle.
Loan amount on car valuation.
Flexible tenure (typically 1-5 years).
Fast disbursal post verification.
Available for more than one car brand & model.
Clear charges and simple application process.
Interest rates are lower than personal loans.
Minimal documentation for speedy approval.
Repayment facilities are flexible.
Use your car for as long as you want during the loan term.
Ideal for salaried and self-employed individuals.
Enables you to meet urgent financial requirements easily.
Select your profile type and check required documents
PAN Card / Aadhaar Card / Passport
Aadhaar Card / Utility Bill / Rent Agreement
Last 3 Months Salary Slips
Last 3–6 Months Bank Statement (Salary Account)
Employee ID Card / Offer Letter
Copy of RC Book (Car must be in applicant’s name)
Valid Car Insurance Copy
Passport Size Photographs
Form 16 (if available)
PAN Card / Aadhaar Card / Passport
Aadhaar Card / Utility Bill / Business Address Proof
ITR (Last 2–3 Years)
Last 6–12 Months Bank Statement
GST Certificate / Shop License / Business Registration
Copy of RC Book (Car must be in applicant’s name)
Valid Car Insurance Copy
Passport Size Photographs
Balance Sheet & Profit/Loss Statement
Transparent charges and flexible repayment options
Starting from 10% – 18% per annum
Up to 1% – 3% of loan amount
12 to 60 months
Up to 70% – 90% of market value
| Charges Type | Details |
|---|---|
| Prepayment Charges | 2% – 5% on outstanding amount (may vary) |
| Foreclosure Charges | 3% – 6% of remaining loan amount |
| Late Payment Charges | 2% – 3% per month on overdue EMI |
| Documentation Charges | ₹500 – ₹2,500 (approx.) |
| Valuation Charges | ₹1,000 – ₹3,000 (vehicle inspection & valuation) |
| Stamp Duty | As per state laws |
✔ Transparent Charges ✔ No Hidden Fees ✔ Fast Loan Approval
Calculate your EMI, interest and total payment instantly.
Monthly EMI
Total Interest
Total Payment
Get the money you need – Fast, Simple, and Stress-free. Check your eligibility now and unlock the best loan offers for you.
On our portal, navigate to the 'Loan against Car' section.
Click on 'Apply Now' to fill out the online application, including your personal, professional, and financial information.
After a preliminary eligibility check, you will need to upload certain required documents for verification.
Once your details and documents are verified and your loan is approved, the approved amount will be quickly transferred to your bank account.
Get the money you need - Fast, Simple, and Stress-free. Check your eligibility now and unlock the best loan offers for you.
Find answers to the most common questions related to car loans, eligibility, documents, approval process, and more.
It is a secured loan in which you pledge your car as security and avail funds against it while using your car.
You can still use your car even after you take the loan on it.
Between 50% and 80%, based on eligibility. 1 Normally you can get 80% of the value of your car.
Processing is fast and disbursal is typically made within 24-48 hours.
Yes, better credit scores can get you lower interest rates.
Yes, you can apply but the age of the car under 8-10 years.
Yes, valid car insurance is required.
The lender is entitled to repossess the vehicle.
No, a guarantor is usually not required as the loan is secured against your car.
No hidden charges you will know all the charges before approval.
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I recently worked with Loan Bhumi and the process was smooth and fast. Highly recommended!
Very quick loan approval. Helped me during emergency. Great service and support team.
Hassle-free experience with minimal documentation. I got funds within hours.