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Avail instant
approval on loan against car
Avail instant approval on loan against car
Interest Rate Starts at 14.49% per annum on loan against car
Loan tenure of up to 60 months on loan against car
Payment within 24 hours*
LTV of up to 200% of market value of car
Interest Rate Starts at 14.49% per annum on loan against car
Loan tenure of up to 60 months on loan against car
Payment within 24 hours*
LTV of up to 200% of market value of car
Financial emergencies are unpredictable. You may require funds urgently anytime and using your savings may not be feasible. IDFC FIRST Bank can provide a way out, offering quick and convenient funds through Loans Against Cars.Read More
You can get instant loans to the tune of ₹30 lakhs without financials and up to ₹50 lakhs by providing financials. The application process is online, and approval takes under 30 minutes. Apply now!Read Less
IDFC FIRST Bank offers loans up to 200% value of your car
The interest starts at 14.49% per annum. You can pay it off in easy EMIs.
You can expect instant approval for loans, with loans up to ₹30 lakhs approved without financials.
Existing IDFC FIRST Bank customers can apply for car loans using the mobile app or net banking.
Loans on cars up to ₹15 lakhs are processed within 30 minutes.
You can easily apply online via mobile or net banking or visit the nearest IDFC FIRST Bank branch. Follow the steps below for online application:
Step 1: Log into your bank account using the IDFC FIRST Bank mobile app or net banking
Step 2: Select ‘Loan against car’ in the loan section
Step 3: Fill out the application form
Step 4: You’ll receive IDFC FIRST Bank’s reply shortly through the mail.
Documentation Required
As the name suggests, a loan against a car provides funds by using your car as collateral. Using this product, you can acquire higher loan amounts at lower interest rates and meet your financial needs.
You can receive loans up to 200% value of the asset. No financials are required for a loan against a car up to ₹30 lakhs, while the maximum loan amount is capped at ₹50 lakhs.
Loan against car interest rates starts from 14.49% per annum.
You can avail Loan against car for a maximum tenure of 60 months. Tenure varies from 11 months to 60 months depending upon the age of the car.
All personal vehicles (cars) are eligible except for the ones which are discontinued.