Get Loan Up To
200% Of Your
Existing Car’s Value

Click Here! Loan against your existing car Click Here! Loan for used car purchase Click Here! Loan for new car purchase
Loan for new car purchase Cash loan on your existing car

Khushiyon ka tyohar,
Car Par Loan
ke saath!

Click Here! Loan for new car purchase
Car Par Loan Ke Saath Quick approvals on new car loans

Aapki 5 lakh ki purani gaadi
par mil sakta hai
10 lakh tak ka loan!

Click Here! Loan against your existing car
Loan against your existing car Get upto 200% loan on your existing car!

Get a loan upto 200% of your car value

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For business or personal use, Car Par Loan enables you to raise quick funds against your car’s current value. Car Par Loan is available from major banks and reputed NBFCs to address your cash crunch emergencies.

If you’re struggling to get a personal or business loan approved, Car Par Loan offers quick and easy access to funds with a loan against your car.

You can get instant loans of up to 200% of your car’s value at low interest rates.

Apply Now

Hear It From Our Customers

It's been a pleasure associating with the Car Par Loan team. They've helped me get a loan against my Honda Civic when I needed it the most. Thank you for the genuine help and making the process of loan application absolutely easy.

CPL Roshni Singhal

Roshni Singhal

Mumbai

I was immediately taken away by the amazing loan offer Car Par Loan gave me. They helped me raise funds in the hour of need and I highly appreciate it. Would recommend them to all my friends and family.

CPL John D’Souza

John D’Souza

Goa

From the moment I submitted my application, everything proceeded swiftly and efficiently. I am incredibly impressed with the level of service I received. The team at Car Par Loan truly goes above and beyond to make you feel like a valued member of their family. I look forward to our future dealings, and I will certainly be a repeat customer.

CPL Piyush Gondaliya

Piyush Gondaliya

Surat

The dream of owning my own car had been with me for a long time. But, I knew I needed the right financing partner. Car Par Loan made the entire car-buying process a breeze. If you’re looking for a car loan, Choose Car Par Loan.

CPL Shivani Negi

Shivani Negi

Dehradun

I am absolutely amazed by how quick Car Par Loan got me a Loan Against My Car Maruti Suzuki Ciaz. To be honest, I wasn't even aware that I could easily get a loan against my car until I stumbled upon Car Par Loan through a friend of mine who had used their service previously. Kudos to the quality support!

CPL Ritwik Sharma

Ritwik Sharma

Delhi

Our Banking Partners

CarParLoan Patner Tata Capital
CarParLoan Patner HDFC Bank
CarParLoan Patner ICICI Bank
CarParLoan Patner Bajaj Finserve
CarParLoan Patner IDFC First Bank
CarParLoan Patner Hero Fin Corp
CarParLoan Patner Yes Bank
CarParLoan Patner AU Small Finance Bank
CarParLoan Patner Kotak Mahindra Bank
CarParLoan Patner Piramal Bank

Documentation Required

CPL voter id
Valid Identity Proof (PAN Card/Aadhar Card/Passport/Voter ID)
CPL passport
Address Proof (Aadhar Card/Driving License/Passport)
CPL gst
GST Certificate/Trade certificate / Gumasta
CPL salary slip
Three months’ salary slip for salaried customers
CPL bank statement
Latest six months bank statements
CPL RC book
RC Book and Insurance copy of the vehicle

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Why Apply For a Car Par Loan?

CPL quick money

Quick Money

Instant top-up loan for vehicle owners

CPL high loan amount

High Loan Amount

Get up to 200% of your car’s current value

CPL repayment tenure

Flexible Repayment Tenure

Repay your loan easily with flexible EMIs

CPL interest rates

Competitive Interest Rates

Car Par Loan interest is much lower than personal or business loans

CPL quick & easy approval

Quick & Easy Approval

Apply for loan online 24/7 or connect with our representative via call at +91-7710892673

CPL minimal documentation

Minimal documentation

Only a few essential documents are required to apply for a loan against car

CPL no hidden charges

No hidden charges

All our fees and charges are clearly mentioned in our terms and conditions. We suggest you read them carefully before getting started

CPL pre approved

Pre-approved offers

Follow our 5 easy steps to getting your pre-approved Car Par Loan!

CPL online application

Online application process

We believe in digital! Apply for a loan against car at Car Par Loan anytime from your home or even on-the-go

Car Par Loan vs. Other Loans

Features Business Loan Car Par Loan Personal Loan
Loan Usage Business loans can be used to fund business-related activities Funds from loan against car can be used just like any other unsecured loan for any personal and business purpose Can be used for any personal needs - medical emergency to holidays
Rate of Interest 17% to 28% 12% to 15% From 12% to 28% per annum on unsecured personal loans
Documents Additional business proof viz. ITR, GST Records & Audited Financial Statements See list of documents required Same as any Car Loan
Factors affecting approval Business history, cash flows, future plans for the venture and projected future profits are taken into consideration Credit score, repayment history, and monthly income Credit score, repayment history, and monthly income
Tenure 12 - 36 months Flexible from 12 months to 84 months 12 - 48 months
Factors affecting approval The borrower may have to offer up an asset of value as collateral to get a business loan Credit score, repayment history, and monthly income No collateral required

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Check eligibility for a loan against your current car

CPL eligibility

Between 25 to 65 years at the end of loan tenure

Salaried and self-employed individuals can apply

Current car should not be older than 10 years

Existing Car Loan - Min. 12 EMIs should be paid on current car loan

FREQUENTLY ASKED QUESTIONS

Loan against car is cash/funds available against the current value of your existing car which can be used for personal and business purposes. It is an excellent option if you need funds quickly for any other financial requirement.

Yes, you are eligible for a top up loan or balance transfer upto 200% of your current car’s valuation. You need to have a min.12 month clear payment record on your existing loan.

The amount of loan against car depends on your repayment track record, credit score, the value of your existing car loan, and other factors like the model and age of the car. You can get a loan against car of up to 200% of the original loan value of the car.

Some Benefits of Taking Loan Against Car are as follows:
  • Quick Money. Instant hassle free top-up loan
  • High Loan Amount
  • Flexible repayment tenure
  • Competitive rates
  • Quick and easy processing and approval
  • Fewer documents required for approval compared to other loans

Fill in our simple form by entering your vehicle details to check eligibility

- Our intuitive AI based algorithm will perform a verification at backend to suggest a suitable loan amount of up to 200% of the price of your car

- All banks require a valuation or inspection of the car against which you are taking the loan.

You will need to submit proof of income, identity, age and address.
  • If you are a salaried person, provide your recent salary slips and tax returns as proof of income.
  • If you are self-employed, submit the latest KYC/Latest bank statement /Business proof
  • For more details about the document requirements*, reach out to us at contact@carpaloan.com
    Terms & conditions apply. Loan disbursal at sole discretion of banks.

All vehicles including hatchbacks, sedans, and SUVs are eligible for Loan against car. Models that are out of production are however not eligible for a loan against car. Funding against yellow number plate/ commercial vehicles is not available.

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