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What’s Behind the Surge in Loan Against Car Applications and How You Can Use It to Your Advantage

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Have you noticed how more people around you are applying for a loan against car and wondered why it has suddenly become so popular? With rising expenses, unpredictable emergencies, and the need for quick liquidity, many individuals are turning to a loan against vehicle as a practical way to raise funds without selling their asset. This shift is reshaping the lending market in India, making the loan against the car one of the fastest-growing secured credit options today. In this detailed guide, you will learn what is driving this surge, what benefits you can unlock, and how to make the most of this loan type in 2025 and beyond. Why Loan Against Car Applications Are Increasing 1. Quick Access to Funds A major reason for the rising demand is the need for instant liquidity. A loan against car provides funds within hours or the same day because the vehicle acts as collateral. A study by the RBI in 2024 reported that secured loans with collateral-backed verification have 40–60% faster appro...
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Unknown Tips for Avoiding Common Mistakes on Your Loan Against the Car and Choosing the Right Loan Option

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In addition to being convenient, owning a car may be a significant financial advantage. A loan against car or loan against vehicle can be a sensible option if you need quick money without selling your car. With this secured financing option, you can continue to use your car while borrowing money by using it as collateral. However, a lot of borrowers make minor but expensive mistakes during the application process, which can impact their chances of being approved or make repayment more difficult. Your loan secured by the vehicle will effectively serve your objectives if you are aware of these dangers and know how to prevent them. What Is a Loan Against Car? A loan against car is a secured loan where your car acts as collateral. The lender evaluates the car’s current market value, age, and condition before deciding the loan amount, often up to 140% of the vehicle’s value in some cases. It’s an attractive option for those who: Need funds for business, medical emergencies, or education Don...
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