Used Car Loan – Up to 200% of Car Value
Get extra funds by refinancing your existing vehicle. With Mars Fincorp’s lending partners, avail loans up to 200% of your car’s current market value—and keep driving your car as usual.
T&C apply · Approval at lender’s discretion
Key Benefits
- ✔ Loan up to 200% of car’s market value (select profiles)
- ✔ Keep driving; no sale required (RC hypothecation only)
- ✔ Use funds for business or personal needs
- ✔ Flexible EMIs (12–84 months)
- ✔ Quick valuation & fast disbursal
- ✔ Transparent charges; no hidden fees
Who Can Apply?
- Salaried, self-employed, professionals, proprietors, small businesses
- Indian residents with valid KYC & stable income
- Private vehicles in good condition; commercial on select programs
- Car age typically up to 8–10 years (lender & segment dependent)
- Good credit profile; higher amounts require stronger eligibility
Indicative Limits & Pricing
- Loan Amount: ₹1,00,000 to ₹50,00,000+ (profile & car value dependent)
- Funding: up to 200% of car value (special high-LTV refinance; lender-specific)
- Tenure: 12 to 84 months
- Interest Rate: profile, car age/segment, city & tenure based
Documents Required
KYC – PAN, Aadhaar/Passport, recent photo
Vehicle – RC book, insurance, latest PUC
Income Proof – Salary slips/ITR & bank statements (last 3–6 months)
Valuation – Vehicle photos/inspection as required
How It Works
- Apply: Share car details, RC, insurance & KYC.
- Valuation: Lender assesses your car’s market value.
- Sanction: Get loan up to 200% of valuation (eligibility dependent).
- Disbursal: Funds credited; continue driving your car (RC hypothecation).
FAQs
Kya 200% funding sabke liye available hai?
Nahi. 200% ek special high-LTV refinance product hai jo sirf select profiles aur lenders offer karte hain. Credit score, income stability, car segment/age par depend karta hai.Car kiske naam par rahegi?
Ownership aapki rahegi; RC par hypothecation lender ke naam add hota hai. EMI complete hone par hypothecation remove hota hai.Processing kitni fast hoti hai?
Documents theek hone par valuation + sanction 24–72 ghante me ho sakta hai (city & lender dependent).Prepayment/Foreclosure charges?
Lender policy par depend. Kuch lenders me charges hote hain, kuch me partial-prepayment allowed hota hai with a small fee.Insurance/PUC mandatory hai?
Haan, valid insurance & PUC required hote hain; safety & compliance check ka part.Need Extra Funds? Keep Your Car.
High-LTV used car refinance with flexible EMIs and quick disbursal.