Car Refinance Overview
Car Refinance Loan is a secured loan like Mortgage Loan. In Car Refinance the Bank's and NBFC mark a lien on your paper and still the customer can use his car as usual. Interest rates in Car Refinance are similar to personal loan, but in Car Refinance the documents are less. Even if you car is not on Loan you can avail Car Refinance. You only need to give few details about your car such as model, year of manufacture etc. If your car is already financed you need not worry your lien will be transferred from present lender to new lender. Car Refinance is the easiest and simplest way to get funds. Like Personal Loan in Car Refinance the end use of the funds is not monitored.There is a difference between the traditional car loan and a Car Refinance loan. The former is purchase of a car while Car Refinance is used to solve your money requirement by pledging a car you already own.
If you are looking for urgent expenses to be met like marriage, for education or medical expenses. Car Refinance is the best option. In Car Refinance the most important document is the R.C book copy and insurance copy. However financial documents also needs to be submitted. The Car Refinance loan is essentially a secured loan like a home Mortgage Loan. However in Car Refinance the process is much simpler and much faster. The Car Refinance loans allow you to take a loan on your existing car, by pledging the car registration papers with bank's and NBFC.
So, if you have a requirement for money and you own a car, then Car Refinance is a viable option when compared to the personal loan. Creative Finserve will help you to give the best deal possible in Car Refinance with help of our professionals.
Car Refinance Features and Benefits
- Our expertise to get y the right Banks / Institute to fulfil your requirement.
- Loan repayment in flexible tenures from 12 months up to 60 months.
- Emergency Funds.
- Speedy approvals upto the valuation of the car.
- Balance transfer of car loan to get additional loan amount to fulfil your requirement.
- No specification about the end purpose of the loan amount.
- Minimum/Hassle free Documentation.
- Convenience of doorstep service.
Car Refinance Process
There are several steps in the Car Refinance process. Here are the steps in brief:- Application form & Document submission
- Cibil report check
- Residence verfication
- Office
- Eligibility calculation
- Valuation
- Personal Discussion
- Credit decision
- Offer Letter
- Signing of agreements and submitting post-dated cheques
- Lean mark on RC book
- Disbursement
Car Refinance Eligibility
SELF EMPLOYED PROFESSIONAL / INDIVIDUAL
- An Indian Resident
- You should be in business for a minimum of 3 years.
- You should be self employed Minimum 24 to maximum 65 years of age.
- Your current place of residence should be occupied for a minimum of 3 years in the city.
- You should have residence or office owned
- Your car should not be more than 10 years old
PARTNERSHIP FIRM / PRIVATE LIMITED COMPANY
- An Indian Resident
- You should be in business for a minimum of 3 years.
- You should be self employed Minimum 24 to maximum 65 years of age.
- Your current place of residence should be occupied for a minimum of 3 years in the city.
- You should have residence or office owned
- Your car should not be more than 10years old
Salaried
- You should 3 years work Experience.
- You min age should be 24
- Your maximum age should be 58/60 at the time of closer of the loan.
- You should have Minimum Rs 20000/- Net Salary
- You should have Own residence
- Your car should not be more than 10 years old
Contact Info :
Office No 35, Ground Floor,
Shiv Shambhu Chs (Seawoods), L.T. Road.
Borivali (West), Mumbai - 400092.
Telephone: 022 - 65662010 / 022 - 69000012 / 022 - 69000033
E-mail: info@cfplindia.com / cfpl@live.in
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