Loan against car interest rate & charges

For a loan against your car, the interest rates can vary based on your vehicle's age, credit score, and loan tenure. We at Loans24 offer competitive rates starting at just 10.49%* p.a., ensuring you get the best loan against car rates.

Why choose Loans24 for loans against cars?

We understand that your car is more than just a vehicle—it's an asset that can help you secure the financial support you need. Here's why you get the best loan against car rates with Loans24:

• Personal loan up to 200% of the car's value: We provide loans up to 200% of the value of your car, ensuring you have ample funds for your needs.
• Interest rates starting at 11.49%* p.a.: Get the best loan against car interest rates starting at 11.49%* p.a.
• Receive loan offers in minutes: With our quick approval process, you can get the loan amount in your bank account in just a few minutes.
• Longer tenure of up to 72 months: Enjoy the flexibility of a more extended repayment period of up to 6 years, enabling manageable EMIs.
• Keep your car during the loan period: Your car is in your possession, so you can continue using the car without any interruptions.
• Fully digital process for convenience: Apply, get approved, and manage your loan online.
• Available 24x7: Apply for a loan against your car anytime. Our services are available around the clock so you can apply at your convenience.
• Minimal paperwork required: We've streamlined our process to require the least amount of paperwork, making it hassle-free and quick.

Factors affecting Loan Against Car interest rates

Several factors affect your loan against car interest rates. These include:

• Car age and condition: Newer cars typically attract lower interest rates. The condition of your car is also crucial—well-maintained cars are seen as lower-risk assets.
• Credit score: Your credit score reflects your creditworthiness. A higher score (650 and above) usually means a lower loan against car interest rates.
• Loan tenure: Shorter loan tenures might come with lower interest rates, while longer tenures could have higher rates due to increased risk.
• Market conditions: Economic factors and market trends can influence interest rates, sometimes causing fluctuations.
• Lender's risk assessment: Lenders will assess various risks associated with the loan, including your financial stability and the car's resale value.