Car Refinance Loan
Car Refinance Loan - Features, Benefits & Documentation.
Just Refinance your Loan-free Car and Get upto 140%* of Current Car Valuation.
What is Car Refinance Loan? : You have the Car, we’ll arrange the Money. Refinance your existing Loan-free Car. You will receive a loan equivalent to the amount ranging between 75%-140% of your Current Car Valuation. However, the loan amount is approved on the basis of your CIBIL Score. Please note that the Interest rate ranges between 14%-16.50% reducing depending on the Bank/NBFC. As Car Refinance is a secured loan it is ‘Cheaper than Personal & Business Loan’.
List of documents required:
- Latest Passport size photo
- ID & Signature Proof – PAN Card, Adhar Card, Passport and Driving License.
- Residence Proof – Electricity Bill, Maintenance Bill, Gas Bill, Purchase Agreement & Bank Statement.
- 6 months bank statement from where you intend to pay the EMI
- Latest Form – 16 + 3 months Latest Salary Slips + Company ID Proof (If Available)– for Salaried
- Latest 2 years Income Tax Returns (Complete Set) + Business Proof – for Self Employed
- Car Registration Book/Card and Insurance Policy.
- If the same car was on loan previously, then we need the complete loan track/statement of account.