Discover the Benefits of
Car Loan Top-Up

A top-up loan on an existing car loan provides a quick and convenient way to access additional funds from your current lender without the need to close the ongoing loan. Since your vehicle and credit profile have already been assessed, the process is faster and requires minimal documentation. These loans are generally offered at lower interest rates compared to personal loans, making them a cost-effective solution for meeting various financial needs such as business expenses, medical emergencies, or personal requirements. Repayment can be structured flexibly by adjusting the EMI or tenure without altering the terms of the original loan. As the same car continues to serve as collateral, no additional security is required. In some cases, total loan exposure may go up to 200% of the car’s current value, making it a smart and hassle-free option to raise extra capital. - Top up

Swift

Digital Application Process

Say goodbye to endless paperwork and a long waiting period. We offer a completely online process for quick and easy refinance approvals.

Unlock

For Higher Funding Amount

Get substantial additional funds against your current vehicle's worth. Refinance your car loans up to 200 % of the value of your vehicle.

Flexible

Repayment Tenure

Select a payment plan between 12 to 60 months according to your budget. Choose a longer repayment period in order to lower your EMI for enhanced financial flexibility.

Hassle-Free

Documentation Process

To apply, simply submit your valid ID, address and income proof. Get additional funds over your existing loan with minimum documentation

Tailored

Repayment Schemes

You can choose the ideal repayment plan for your financial needs from our diverse portfolio of banking partners, offering flexible, step-up, and balloon EMI options.

Ready to Experience the Benefits of Car Loan Top-Up?

Eligibility
for Loan Against CAR

Salaried Individuals:

Age criteria: 21 to 60 years
Minimum employment of 2 years
Income proof
Car ownership detail

Self-Employed Individuals:

Age criteria: 25 to 60 years.
Minimum Business setup of 2 years
Income proof
Car ownership details

Documents
Required for Loan Against CAR

Completed Application Form
A Recent Passport Size Photograph
Identity Proof (ID) (Any One)
Address Proof (Any One)
Income Proof (3 months Salary Slip)
Vehicle RC Copy
Loan Track Statement

Why choose Car Loan Top-Up from Butterfly Fintech?

Refinancing an auto loan secures brand-new lending terms and a lower interest rate structured around your car’s current value instead of the original price. Butterfly Fintech offers current vehicle owners exclusive access to our customizable car loan refinance. We offer a smooth hassle-free digital application and approval process, choose Butterfly Fintech for a more smarter and affordable loan against your car.

Frequently Asked Questions

If you have additional questions, please give us a call at +91 91362 77694 or email us anytime at info@butterflyfintech.com

Car refinance refers to taking a fresh loan against a current car loan. An applicant can take a loan from different lenders at a lower interest rate with better terms and conditions.

Butterfly Fintech offers competitive interest rates, flexible repayment options, and a hassle-free application process. We also cater to both salaried and self-employed individuals.

You stand to get these benefits from car refinance:

Based on a low rate of interest you can save thousands of rupees during the duration of your loan.
You get the flexibility of shortening your loan term in order to be able to pay off faster.
It is easier to manage multiple loans under one umbrella.
You can potentially improve your credit score with consistent on-time payment.

Eligibility criteria for car refinance is as follows:

Must be a citizen of India.
Should be minimum 21 years of age if salaried. For those who are self employed, the minimum age requirement is 25 years. Maximum age limit cannot exceed 60 years at the end of the loan term.
Provide essential documents pertaining to your current vehicle.

The list of documents required to refinance a loan are as follows:

Photo ID alongside address proof.
Valid RC (Car Registration Certificate)
Income proof
Ongoing loan details

From Butterfly Fintech the interest rate would depend on your creditworthiness, loan amount and loan term. Further competitive rates would be offered as per your profile.

At Butterfly Fintech our core objective is total transparency. We disclose all charges upfront. These include the processing fees, stamp duty and prepayment penalties (if applicable).

After having submitted the required documentation with Butterfly Fintech, it would take up to 48 hours for approval.

Get upto 200% loan on
your existing Car

Discover the Benefits of Car Loan Top-Up