Car Refinance Loan Upto 200% 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 Interest Rates:

(Updated on 2nd. Jan. 2021)

Bank's Name
Interest Rates Apply
ICICI Bank 13.50% P.A. Apply
HDFC Bank 13.75% P.A. Apply
Kotak Mahindra 14.50% P.A. Apply
State Bank 13.25% P.A.
Apply
Magma Fincorp 14.75% 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 Interest Rates:

    (Updated on 2nd. Jan. 2021)

    Bank's Name
    Interest Rates Apply
    ICICI Bank 13.50% P.A. Apply
    HDFC Bank 13.75% P.A. Apply
    Kotak Mahindra 14.50% P.A. Apply
    State Bank 13.25% P.A.
    Apply
    Magma Fincorp 14.75% P.A. Apply

    Car Refinace 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)



  • Ugmoney Capital
    Phone: +91-9711152918/9811152918
    About us | Bill Discounting | Car Loan | Career with us | Contact Us | Home Loan Transfer | Home Loan Features | Lease Rental Discounting | Lending Partners | Life Insurance | Loan Documents | Personal Loan | Privacy Policy | Project Loan | Terms of use |