A car is one of the most loved assets for any owner. Apart from self-use, a car can be commercially rented. However, the car can help raise the fund with the car refinance as well. It is useful when there is an instant working capital requirement or margin money for the machinery purchase to be paid and it is difficult to avail of other types of loans.
Car Refinance Facility Bank’s : Private Bank’s / NBFC’s
Loan Type : Term Loan
Loan Amount : Upto Rs. 3cr.
Loan up to : 150% of the present value of the Car
Mode of Payment : EMI
Tenure : 3 years
Security : Charge on RC Book
We recommend you check loan-related expenses during the loan process while enquiring about the loan.
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