Cash On Car Loan
When one faces a need to arrange for funds at a short notice, assets owned can come handy. Instead of liquidating the assets, one can arrange finances on the basis of the security of the assets. On the same lines, it is possible for a car owner to avail quick funds against the security of the car.
Loan can be availed at a fast pace and at a relatively cheaper interest rate as compared to a personal loan. Loan value can be upto 200% of the valuation.
Points to note :
- Loan may not be processed against a commercial vehicle or one with a yellow number plate (Taxi / Commercial Number Plate).
- No guarantor is required for this loan, as the car itself is the security.