Loan Against Car
Get a personal loan against your car for up to 150% of its value to achieve your financial goals
Loan Against Car
Get a personal loan against your car for up to 150% of its value to achieve your financial goals
Quick Financing, Long Tenures
Loan Against Car simplified
Get quick financing for emergency needs by using your vehicle as collateral. LOANS24 offers loan amounts up to 150% of the car’s value, competitive interest rates, and flexible repayment terms. You get to keep the car, and get financing too.
Interest rates starting at 10.49%* p.a.
Car stays with you
Loan offer in minutes
Longer tenure of up to 72 months
Lowest Rates and Simplest Terms
Explore the features and benefits of choosing our loan against car:
Lowest Rates and Simplest Terms
Explore the features and benefits of choosing our loan against car:
Quick Approval
Receive swift loan approval in minutes
Flexible Tenures
Choose convenient EMI options spanning up to six years
Lowest Interest Rates
Enjoy competitive interest rates starting at 10.49*% p.a
Fully Digital Process
Complete digital process for seamless operations
24x7 Availability
Apply for your loan anytime, we’re available round the clock
Car Stays With You
Car ownership secured: Loans that keep you driving
Minimal Paperwork
Say goodbye to the hassles of paperwork
EMI Calculator
Plan your monthly EMI with our loan against car EMI calculator.
Am I Eligible for a Loan Against Car? Let’s Find Out
1-2-3 Steps to get a Loan Against Car
Follow these simple steps below to complete your application online:
Check your eligibility
Share basic details and get pre-approved
Select your loan offer
Customise your EMIs from a range of loan amount and tenures
Submit and sit back
Upload your documents, our executives will get in touch to handle rest of the process
Your Document Checklist
Here’s the list of documents required for the loan application process:
Identity Proof
- PAN card (mandatory)
- Aadhar card/ Driver’s licence/ Voter ID/Passport
Address Proof
- Aadhaar/ Passport /Voter ID/ Driver’s licence/ Utility bills/Passport/Notarized rent agreement
Income Proof (Optional)
- 6 months’ bank statement
- 3 months’ salary slips or equivalent business proof
Vehicle Documents
- Registration certificate (RC)
100% Transparent Rates And Charges
At LOANS24, we offer loans against your car with competitive rates, extended tenures, and fully transparent processing fees. Here’s a breakdown of our fees and charges:
| Types of fee | Applicable Charges |
|---|---|
| Interest rates | 10.49% p.a. onwards |
| Processing Fees | Upto 5% of loan amount |
| Pre-Closure Charges | Flat 5% of the outstanding loan amount |
| Loan cancellation charges | Upto Rs. 5000/- per instance In case of event of cancellation, interest charges will be borne by the customer. Processing fees, stamp duty, Documentation, Valuation and RTO charges are non-refundable charges and would not be waived/refunded in case of loan cancellation. Loan cancellation is allowed within 15 days from the date of loan disbursal. |
| Penal Charges on default of repayment | Rs. 10 per day of the overdue loan amount i.e. EMI due but not paid (per instance) |
| Bounce | Rs. 1,000/- per instance |
| Late Payment charges | Rs. 250/- per instance |
| Statement of Account Charges | Rs. 500/- ( If requested again in the same month) |
| Bureau Report Charges | Rs. 100/- per instance |
| Non Objection Certificate upon Loan Closure | Rs. 1,000/- per instance |
| No Objection Certificate for conversion from Petrol to LPG/CNG & vice-versa thereof | Rs. 5,000/- per instance |
| Any Duplicate NOC | Rs. 1000/- per instance |
| RTO Charges | RTO charges shall be charged by the Lender's Business Partners only |
| Collection Visit Charges | Rs. 500/- per instance |
| Legal Notice Charge | Rs. 5000/- per instance |
| Arbitration Charges | Rs. 10000/- |
| Repossession Charges | Rs. 25000/- |
| Blacklisting charges | Rs 20,000 |
| Pre-Closure Letter Charges | Rs. 500 per instance |
| Car Valuation / Inspection Fees | Upto Rs. 1000/- |
| Documentation Fees & Stamp duty charges | Upto Rs. 5,000/- |
| Loan insurance charges | As per actuals |
| Motor insurance charges | As per actuals |
| Car Health Monitor (“CHM”) Charges | Upto Rs. 10,000/- |
| Financial Wellness report | Upto Rs. 15000/- |
| Annual Maintenance contract charges | As per actuals |
| Assured Buyback cover charges | As per actuals |
| Extended Warranty charges | As per actuals |
For any other charges and modifications in the charges list, kindly refer to the Lender’s webpage. The above is exclusive of all applicable taxes, statutory fees, government charges and any other charges as fixed by the regulators. The Lender or the Service Providers have the exclusive right to amend the charges from time to time with due disclosures to customers.
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Need Help? Find Answers Here
What is the minimum credit score required for a loan against a car?
In which cases can my loan against my car application be rejected?
What factors affect your loan against car EMI?
What is the salary required to be eligible for a loan against a car?
What is a good interest rate for a loan against car?
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