Car Refinance - Upto 200% top-up loan of car value.

How would you feel if you got to know that you can get car refinance loan 200%* of your dream car’s value as the loan amount? With Ugmoney Used "Car Ncash” everything is possible. When you opt for a used car loan through us, you can provide up to 200% of financing for your existing car. So get a top-up loan against your existing car to Use it for Business Expansion, Paying off Debts, Personal Expenses or Working Capital Needs. Car Refinance - Upto 200% top-up loan is always very helpful for every one if looking for old car loan. Used Car loans made very simple to turn your dreams into reality.

Car Refinance Loan Interest Rates:

(Updated on 27th. Aug. 2020)

Bank
 Interest Rates Apply
ICICI BANK 8.50% P.A. Apply
HDFC BANK 8.50% P.A. Apply
Kotak Mahindra 8.50% P.A. Apply
State Bank 8.50% P.A.
 Apply
Magma Fincorp 8.75% P.A. Apply

 

 

 

 

 

Features & Benefits

  • Quick and Easy processing, Very simple and Hassle-free documentation.
  • Transparency: No hidden charges.
  • Flexible repayment option: 12 to 60 month scheme with structuring based on customer need.
  • Fast track Loan:  processing within 48 hours.
  • Attractive interest rates.

    • Salaried Individuals:

  • You should be employed for a minimum of 2 years
  • Your minimum net salary should be Rs 1.5 lakhs per annum.
  • Your net monthly take-home salary should be at least 2 times of the total monthly installment.
  • Your loan to income ratio to be max 2 times.
  • You should be within 23 - 60 years of age.
  • You should be residing at the current address for a minimum of one year.
  • You should have a landline or postpaid connection.

    • Professionals/Partner/Proprietor/Director:

  • You should be in business for a minimum of 3 years.
  • Your minimum gross income should be Rs.1.5 lakhs per annum
  • Your loan to income ratio to be max 2 times.
  • Your Income to Annual emi of proposed loan to be minimum 2 times
  • You should be self employed within 27- 65 years of age.
  • Your current place of residence should be occupied for a minimum of one year.
  • You should have a landline or postpaid connection.

    • Loan Documents.

    Salaried individual:

  • The salary slips from the latest 2 months.
  • Form 16 for latest year.
  • 6 months Bank statements of salary credit account.
  • Proof of residence.
  • A signature verification - Valid driving license/Passport copy/Pan card copy.
  • Proof of two years of employment.
  • Your photograph.
  • Identity proof
  • Telephone number of your office/residence and postpaid or residence landline bill copy.

    • Self-employed/Proprietor:

  • The balance sheet and profit and loss account attested by a CA for the last 2 years
  • Copies of Income Tax return and computation of income tax for the last 2 years.
  • 6 months Bank statements of the main operative account
  • A signature verification - Valid driving license/Passport copy/Pan card copy.
  • Identity proof
  • Proof of residence.
  • Telephone number of your office/residence.

    • Partner in a Firm:

  • ITR/Computation of income, Balance sheet/Profit and loss account CA attested of 2 years.
  • Bank statements for last 6 months
  • Partnership deed copy.
  • Letter of authority/consent letter from all partners to execute the agreement.
  • Proof of residence, signature verification(Any one of above as indicated
  • Identity proof
  • Telephone bill copy

    • Director in a company:

  • Complete Finacials attested by CA for the last 2 years for the company
  • Bank statements for last 6 months
  • Individual IT returns.
  • MOA/AOA of the company.
  • Board Resolution (In case the company is part of the agreement)
  • Proof of residence, signature verification.
  • Telephone bill copy.

    • Other Terms

  • Two references to be provided for both borrower and co-borrower.
  • Minimum Loan amount: Rs 1 lakh for new cars and Rs 50k for used cars.
  • Minimum Tenor: 1 year, Max tenor: 5 years** for new cars and 3 years for used cars.
  • Loan to Value (%) Up to 200% for Used Cars.
  • No of present owners in Used Cars: Maximum 3.
  • Age of Used Car at the end of loan period: Maximum 8 years(Varies according to models)


    •  

    Car Refinance - Upto 200% top-up loan of car value.

    How would you feel if you got to know that you can get car refinance loan 200%* of your dream car’s value as the loan amount? With Ugmoney Used "Car Ncash” everything is possible. When you opt for a used car loan through us, you can provide up to 200% of financing for your existing car. So get a top-up loan against your existing car to Use it for Business Expansion, Paying off Debts, Personal Expenses or Working Capital Needs. Car Refinance - Upto 200% top-up loan is always very helpful for every one if looking for old car loan. Used Car loans made very simple to turn your dreams into reality.

    Car Refinance Loan Interest Rates:

    (Updated on 27th. Aug. 2020)

    Bank
    		 Interest Rates Apply
    ICICI BANK 8.50% P.A. Apply
    HDFC BANK 8.50% P.A. Apply
    Kotak Mahindra 8.50% P.A. Apply
    State Bank 8.50% P.A.
    		 Apply
    Magma Fincorp 8.75% P.A. Apply

    Features & Benefits

  • Quick and Easy processing, Very simple and Hassle-free documentation.
  • Transparency: No hidden charges.
  • Flexible repayment option: 12 to 60 month scheme with structuring based on customer need.
  • Fast track Loan:  processing within 48 hours.
  • Attractive interest rates.

    • Salaried Individuals:

  • You should be employed for a minimum of 2 years
  • Your minimum net salary should be Rs 1.5 lakhs per annum.
  • Your net monthly take-home salary should be at least 2 times of the total monthly installment.
  • Your loan to income ratio to be max 2 times.
  • You should be within 23 - 60 years of age.
  • You should be residing at the current address for a minimum of one year.
  • You should have a landline or postpaid connection.

    • Professionals/Partner/Proprietor/Director:

  • You should be in business for a minimum of 3 years.
  • Your minimum gross income should be Rs.1.5 lakhs per annum
  • Your loan to income ratio to be max 2 times.
  • Your Income to Annual emi of proposed loan to be minimum 2 times
  • You should be self employed within 27- 65 years of age.
  • Your current place of residence should be occupied for a minimum of one year.
  • You should have a landline or postpaid connection.

    • Loan Documents.

    Salaried individual:

  • The salary slips from the latest 2 months.
  • Form 16 for latest year.
  • 6 months Bank statements of salary credit account.
  • Proof of residence.
  • A signature verification - Valid driving license/Passport copy/Pan card copy.
  • Proof of two years of employment.
  • Your photograph.
  • Identity proof
  • Telephone number of your office/residence and postpaid or residence landline bill copy.

    • Self-employed/Proprietor:

  • The balance sheet and profit and loss account attested by a CA for the last 2 years
  • Copies of Income Tax return and computation of income tax for the last 2 years.
  • 6 months Bank statements of the main operative account
  • A signature verification - Valid driving license/Passport copy/Pan card copy.
  • Identity proof
  • Proof of residence.
  • Telephone number of your office/residence.

    • Partner in a Firm:

  • ITR/Computation of income, Balance sheet/Profit and loss account CA attested of 2 years.
  • Bank statements for last 6 months
  • Partnership deed copy.
  • Letter of authority/consent letter from all partners to execute the agreement.
  • Proof of residence, signature verification(Any one of above as indicated
  • Identity proof
  • Telephone bill copy

    • Director in a company:

  • Complete Finacials attested by CA for the last 2 years for the company
  • Bank statements for last 6 months
  • Individual IT returns.
  • MOA/AOA of the company.
  • Board Resolution (In case the company is part of the agreement)
  • Proof of residence, signature verification.
  • Telephone bill copy.

    • Other Terms

  • Two references to be provided for both borrower and co-borrower.
  • Minimum Loan amount: Rs 1 lakh for new cars and Rs 50k for used cars.
  • Minimum Tenor: 1 year, Max tenor: 5 years** for new cars and 3 years for used cars.
  • Loan to Value (%) Up to 200% for Used Cars.
  • No of present owners in Used Cars: Maximum 3.
  • Age of Used Car at the end of loan period: Maximum 8 years(Varies according to models)




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