Loan Against Car

Great News! Your Car Can Help You Get Instant Funds

Unlock up to 200% of your car's value with a simple, secure, and hassle-free process while continuing to drive it.

  • Loan on your car's current value

  • No-obligation check up to ₹30 Lakhs

  • Instant in-principle approval

  • No income proof required

4.9/5 · 70,000+ customers
Partnered with RBI-regulated entitiesNo credit-score impact
Unlock My Loan Amount →
Takes less than 30 secondsNo impact on your credit score100% secure & confidential
Free · 30-Second Check

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🔒 Free eligibility check • No impact on your credit score

star 4.9 in Google Rating | 70,000 Happy customers

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HDFC BankICICI BankAxis BankKotak Mahindra BankTata CapitalIDFC First Bank
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Leading Banks & NBFCs
4.9 Google Rating
70,000+ Customers

Why iSanction

A Loan Against Your Car, Done Right

Everything you need to unlock your car's value — more money, faster funds, and the best rate, without ever parting with your car.

Up to 200% of your car's value

Borrow more than your car is worth today — a high loan-to-value that puts real money in your hands, fast.

Funds in as little as 24 hours

Instant in-principle approval, then money in your account in 24–72 hours. No branch visits, no long waits.

Keep driving your car

Your car stays with you the entire time. You pledge it as security — you never hand over the keys.

Lowest rates, compared for you

We line up offers from leading banks & NBFCs side by side, so you get the best rate — not the first one.

Minimal paperwork

Simple documentation and self-employed-friendly options, including a loan against car without income proof.

Guided by loan experts

A dedicated team walks you through every step, negotiates on your behalf, and keeps the process transparent.

One Place, Every Option

Three Ways to Unlock Your Car's Value

Whether you need a fresh loan, extra funds, or a lower EMI, iSanction matches you to the right lender across leading banks and NBFCs.

Most popular

Loan Against Car

Unlock up to 200% of your car's valuation as cash while you keep driving it. Ideal for a lump-sum need.

Get started →
Extra funds

Car Loan Top-Up

Already paying an EMI? Raise extra funds over your running car loan once you've paid at least 9 EMIs.

Get started →
Lower EMI

Balance Transfer

Move your existing car loan to a lender with a lower interest rate to cut your EMI — and top up if you like.

Get started →

Explore related options: used car loan, loan against a luxury car, or a loan against car for business owners.

Simple & Fast

How It Works

Three easy steps between you and the funds locked in your car.

1

Apply in 2 minutes

Share your car and mobile number to get an instant in-principle approval — with no impact on your credit score.

2

Valuation & best offer

We verify your car and compare offers across leading banks & NBFCs to find the highest amount at the lowest rate.

3

Get your funds

Sign the paperwork and receive funds in as little as 24 hours — and keep driving your car throughout.

Unlock My Loan Amount — It's Free

Compare & Save

Interest Rates & Loan Offers

Compare rates from multiple lenders, make an informed decision, and save money on your loan with the right rate.

Lender

Interest Rates

Loan Offer

Poonawala Finance

11% - 16%

Upto 200% of the car value

HDFC Bank

12.75% - 14%

Upto 200% of the car value

Axis Bank

14% - 16%

Upto 150% of the car value

ICICI Bank

14% - 15.5%

Upto 160% of the car value

Tata Capital

14.5% - 16%

Upto 200% of the car value

Bajaj Finance

14.5% - 15.75%

Upto 200% of the car value

Hero Fincorp

16% - 18%

Upto 200% of the car value

Who Can Apply

Loan Eligibility

Understand the requirements and maximise your chances of getting approved for a loan against your car.

Salaried individuals

Salaried Individuals

Age limit - The minimum requirement is 21 years, should not be older than 65 years at the end of the loan term.

Job criteria - Individuals who have worked for at least 2 years (including at least one year with their present employer).

Minimum annual income - ₹2,50,000 + their spouse's earnings.

Loan against car eligibility, in case you have an active loan on your car.

Individuals must have paid at least 9 EMIs for that loan.

Self-employed individuals

Self-Employed Individuals

Age limit - The minimum requirement is 21 years, should not be older than 65 years at the end of the loan term.

Business criteria - Individuals who have been in business for at least 2 years.

Minimum annual income - ₹2,50,000.

Get a top-up loan, in case you have an active loan on your car.

Individuals must have paid at least 9 EMIs for that loan.

Documents required

Documents Required

Just a few basics to get you started — no lengthy paperwork.

Sample EMI

₹22,625/ month

₹10L

Loan amount

12.75%

IRR

60 mo

Tenure

Indicative only. Your final rate and EMI depend on your profile and the lender's credit assessment.

Documents Required

Salaried

Self-Employed

Aadhar card

required
required

PAN Card

required
required

Registration Certificate of the car

required
required

GST Certificate/Udhyam Registeration certificate/Shop Act

required
required

Account statement (latest 6 months)

required
required

Latest electricity bill

required
required

Passport size photo

required
required

Last 2 years ITR as proof of income

required
required

Salary Slip (latest 3 months)

required
required

Latest 2 years form 16

required
required

* The final list of documents is determined by the lender you apply with and your personal profile. Loan tenure ranges from 3 to 5 years depending on your income and vehicle age. Processing fees, document charges, stamp duty and related charges apply as per the bank and are disclosed upfront before disbursement — we keep no hidden charges.

200%
Up to, of your car's valuation
24 hrs
Funds disbursed, as fast as
4.9★
Rated by 70,000+ customers
₹30L
No-obligation eligibility check
RBI-regulated lending partnersNo credit-score impact to enquireLeading Banks & NBFCs70,000+ happy customers

Loved by 70,000+ Customers

What Our Customers Say

Rated 4.9/5 by 70,000+ happy customers

★★★★★
I was in urgent need of funds when Team iSanction came to my rescue. They managed to not only provide me the funds but also a level of care and support that's genuinely heartwarming.
A

Akshay Shekhawat

Mumbai

★★★★★
Team iSanction made the process of getting a car top-up loan really quick and simple, and saved me a lot of time and effort with their smooth service.
J

John Varghese

Bangalore

★★★★★
I was thinking of securing a loan against my car. iSanction compared interest rates across a lot of banks, gave me the best possible rate, and made the entire process hassle-free.
C

CM Deshpande

Pune

★★★★★
Their ability to provide car loan balance transfers at low interest and disburse funds within 48–72 hours is a testament to their dedication and expertise.
O

Owais Sayyed

Hyderabad

Good to Know

Frequently Asked Questions

What is a Loan Against Car?

Team iSanction offers loans against car which is a facility where you pledge your car in order to get a loan, where you can receive a loan up to 200% of the valuation of your car. You will receive funds in just 48-72 hours with the lowest possible interest rates (you will be provided with the comparison of interest rates from various banks).

Who can avail loan against a car facility?

Both salaried and self-employed individuals can avail of this facility provided they fit under the requirements listed above.

Does this require a car verification or valuation?

A car verification will be performed on the car you pledge as security.

How much loan can I get?

The amount of loan against a car depends on your repayment track record, credit score, the value of your existing car loan, and other factors like the model and age of the car. You can get a loan against the car of up to 200% of the original loan value of the car.

How much time is needed for the process?

Ideally the process takes 24 to 36 hours and ends up maximum at 2 working days in adverse situations, depending on the car model and the customer's documents.

Can I get a top-up loan on my existing car loan?

Yes. If you already have a running car loan and have paid at least 9 EMIs, iSanction can arrange a car loan top-up on your existing car loan — additional funds over and above your current loan, without you having to sell or surrender your car.

Can I transfer my car loan or do a balance transfer for a lower interest rate?

Yes. Through a car loan balance transfer, iSanction moves your existing car loan to a lender offering a lower interest rate, which can reduce your EMI. You can also opt for a car loan top-up at the same time to unlock extra funds.

Can I get a loan against my car without income proof?

In many cases yes — since the loan is secured against your car, some lenders offer a loan against car without traditional income proof, based on your car's valuation, repayment track record and credit profile. Our team helps you find the lender best matched to your documents.

Do I need to submit my car's RC book?

Yes, a loan against car is granted against your vehicle's RC book (registration certificate). Your car stays with you throughout the loan; the RC is used to register the lender's hypothecation as security.

Do you offer loan against car in cities like Mumbai, Delhi, Bangalore, Hyderabad, Chennai and Ahmedabad?

Yes. iSanction arranges loan against car, top-up and balance transfer offers across India, including Mumbai and Maharashtra, Delhi, Bangalore and Karnataka, Hyderabad and Telangana, Chennai and Tamil Nadu, Ahmedabad and Gujarat, Uttar Pradesh, Haryana and Madhya Pradesh.

How to apply for a loan against a car?

Fill in the details above and our team will assist you on call.

Ready When You Are

Unlock Your Car's Value Today

Check your eligibility in under two minutes. It's free, instant, and won't affect your credit score — and you keep driving your car the whole way.

Unlock My Loan Amount →📞 Talk to an Expert