Business Loan v/s Car Par Loan
| Features | Business Loan | Car Par 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 |
| Rate of Interest | 19% to 28% | 11.99% |
| Documents | Additional business proof viz. ITR, GST Records & Audited Financial Statements | Aadhar Pan and Car RC |
| 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 |
| Tenure | 12 - 36 months | Flexible from 12 months to 84 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 |
Need funds for business? Your Car is your ATM.
At Car Par Loan, we believe your car is more than just a ride – it’s a powerful asset that can fuel your growth. We are India’s first digital-first platform dedicated to helping individuals and business owners unlock instant funds through Loan Against Your Existing Car.
Tired of waiting weeks for a Business Loan at 19% interest with endless paperwork? With Car Par Loan, you can get a Loan Against Car starting at just 11.99%, with funds disbursed in as little as 2—7 days. The best part? You keep driving your car while using it to unlock up to 200% of its value.
Whether you’re a business owner needing working capital, a parent funding education, or someone planning a wedding, Car Par Loan offers a quick, simple, and transparent loan journey. With just your Aadhaar, PAN, and RC, you can access the funds you need without hassle.
Car Par Loan — Your Car, Your ATM. Smarter than traditional bank loans. Faster than ever.
Hear It From Our Customers
Business loans eat into profits with high EMIs. With Car Par Loan’s guidance, my EMI is lighter, and approval was quick. I unlocked 200% of my car’s value and used it to expand my wholesale business.
Imran Shaikh
Pune | Wholesale Trader
I wanted to open a second café outlet but couldn’t wait 3 weeks for a business loan. Car Par Loan helped me get funds in just 6 days that too from my existing car. I never had to stop using the car. Simple, Fast and Reliable.
Akash Patel
Ahmedabad | Cafe Owner.
A regular business loan at 19% was too costly. Car Par Loan helped me get funds at just 11.99% with only my Aadhar, PAN and Car RC. I reinvested in machinery and doubled my production in 2 months.
Sanjay Gupta
Ludhiana | Manufacturing Unit Owner
Banks asked for 10+ documents and weeks of waiting to approve a business loan. With the help of Car Par Loan, I got approved for a loan against my car in just 5 days. Now my shop has the inventory it needs with the stress of high-interest business loans.
Ravi Mehra
Delhi | Retail Shop Owner
Our Banking Partners
Documentation Required
6 Steps To Easy Loan Against Your Car
Select the purpose of your loan to be LOAN AGAINST CAR
Voila! Your pre-approved loan amount will now be displayed on your screen.
Click on APPLY NOW or GET A CALL to proceed with the application process at Car Par Loan.
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Why Apply For a Car Par Loan?
Quick Money
Instant top-up loan for vehicle owners
High Loan Amount
Get up to 200% of your car’s current value
Flexible Repayment Tenure
Repay your loan easily with flexible EMIs
Competitive Interest Rates
Car Par Loan interest is much lower than personal or business loans
Quick & Easy Approval
Apply for loan online 24/7 or connect with our representative via call at +91-7710805528
Minimal documentation
Only a few essential documents are required to apply for a loan against car
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
Pre-approved offers
Follow our 5 easy steps to getting your pre-approved Car Par Loan!
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
Check eligibility for a loan against your current car
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
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