Best Loan against Used Car Advisor in KR Puram, Bangalore
A Loan Against Used Car is a secured loan facility where your pre-owned car is pledged as collateral to avail funds for personal or business needs. This service helps unlock the value of your vehicle without having to sell it, giving you access to quick liquidity with flexible repayment options. Borrow Right, recognized as the trusted loan partner in Bangalore, ensures seamless processing, minimal documentation, and competitive rates. Whether it’s for business expansion, debt consolidation, or personal requirements, a Loan Against Used Car offers the perfect financial solution to meet your urgent funding needs while you continue to use your vehicle.
Features & Benefits
Eligibility & Documents
Eligibility:
- Individuals owning a used car with clear RC (Registration Certificate).
- Salaried, self-employed professionals, or business owners with stable income.
- Age between 21–60 years.
- Good repayment capacity and credit history.
Required Documents:
- Identity Proof: Aadhaar, PAN, Passport.
- Address Proof: Aadhaar, Voter ID, Utility Bills.
- Income Proof: Salary slips, Bank statements, ITR for self-employed.
- Car Documents: RC, Insurance Papers, Pollution Certificate.
- Passport-size Photographs.
Interest Rates & Charges
- Interest Rates: Competitive, depending on car valuation, borrower profile, and tenure.
- Processing Fee: Nominal, varies with loan amount.
- Foreclosure/Prepayment Charges: As per lender policy.
- Valuation & Legal Charges: Applicable during car assessment.
Borrow Right ensures 100% transparency with no hidden costs, offering the best deals from leading banks and NBFCs.
Why Choose Borrow Right?
- Expert Advisors: Professional guidance to get the best loan deal.
- Local Expertise: Trusted financial consultants in KR Puram, Bangalore.
- Multiple Bank Tie-ups: Compare and choose from top lenders.
- Quick Approvals: Fast-track processing with minimal documentation.
- Tailored Solutions: Loan amount and tenure customized to your needs.
- Transparent Process: No hidden charges, complete clarity at every step.
