A car loan transfer allows you to move your existing loan to a lender that offers better interest rates and loan terms. By shifting your loan, you can lower your EMI, save interest, and even get a top-up loan to cover additional financial needs.
Maximum Loan
Banks Provide Loans upto 200% of used car Value
Customisable Repayment Terms
Choose repayment terms thats suits your financial goals
Quick & Convenient Processing
Fast & Hassle free loan processing for your immediate needs
Lower Interest Rate
Top-Up your funds,Not your worries-Lower rates for unxpected fixes
Minimal Documentation
Minimal Paperwork,Just provide updated documents for a Quick Hassle free expirence
Switching to Better Lender
A balance transfer can provide an opportunity to move to a lender that offers a better experience.
TOP-UP LOAN
A top-up loan refers to an additional loan taken in conjunction with an existing one, such as a vehicle, personal, or mortgage loan. These loans are favored because they enable you to access additional funds without the hassle of establishing a new loan agreement. If you’ve been consistent with your repayments on a personal, car, or home loan, you might be eligible for a top-up loan.
For example, if you currently have a car loan and suddenly find yourself needing additional funds for repairs or enhancements, you can apply for a top-up loan instead of taking out a new loan. This approach streamlines the process and typically provides lower interest rates compared to unsecured loans.To be elegible for top loan
- Have a good credit history with a minimum credit score
- Have been making regular payments on your existing car loan for a specified period (can be between 12 and 15 months as per the internal policies of the lender)
Documents Required for Loan
For Salaried Person
✅Latest 3 Months Salary Slip
✅ Form-16
✅6 Months Bank Statement
✅ KYC Dcouments
✅ Copy of RC & Insurance
✅ Signature Verification Proof
✅ Empolyment Continuity Proof
For Self Employed
✅ Income Proof : Latest 2 Yr. ITR with Computaion of Income
✅6 Months Bank Statement
✅ KYC Documents
✅ Copy of RC & Insurance
✅ Signature Verification Proof
✅ Employment Continuity Proof
For Partnership Firm
✅Income Proof : Audited Balance Sheet,P&L and Latest 2 Yr. ITR
✅ 6 Months Bank Statement
✅ KYC Documents
✅ Copy of RC & Insurance
✅ Signature Verification Proof
✅Employment Continuity Proof
For Private Limited Company
✅Income Proof : Audited Balance Sheet,P&L and Latest 2 Yr. ITR
✅ 6 Months Bank Statement
✅ KYC Documents
✅ Copy of RC & Insurance
✅ Signature Verification Proof
✅Employment Continuity Proof
To Find out the elegibility of loan against car please fill your details in enquiry form.
A car loan balance transfer is when you move your existing car loan from your current loan provider to another. Your new financier pays your other loan and can also give you a top-up loan at a new interest rate and other friendlier loan terms.