Topup Existing Car Loan
Balance Transfer & Top-up Existing Car Loan- Features, Benefits & Documentation
Balance Transfer & Top-up your existing running Car Loan and Get upto 200%* of Current Car Valuation.
What is Car Top-up Loan? : In need of urgent money, you can Balance Transfer & Top-up your existing Car Loan. Here, we pay your existing bank loan outstanding and the Top-up amount is given to you for your personal or business requirements. However, the Top-up amount is approved on the basis of your CIBIL Score, Average Monthly Balance in your Bank & Existing Loan Track Record. As Car Top-up Loan is partially 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.
- 12 months bank statement from where your existing EMI is going
- Complete loan track/statement of Account.
- (Optional and may required by some banks/NBFC’s) Latest Form – 16 + 3 months Latest Salary Slips + Company ID Proof (If Available)– for Salaried
- (Optional and may required by some banks/NBFC’s) Latest 2 years Income Tax Returns (Complete Set) + Business Proof – for Self Employed
- Car Registration Book/Card and Valid Comprehensive Insurance Policy.