Apply For Loan Against Car
Get Upto
200%Loan on value of your CAR
Top Features
Of Butterfly Fintech Loan Against Car
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Tailored
Loan Offerings
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Easy
Process
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Wide
Network
Our Lending Partners
Quick & Easy Loan Process
Apply
Online
Submit
Documents
48 Hr.
Document Verification
Sanction
Received
Money
Received in Account
Benefits Of Loan Against Your Car
Flexible Repayment Tenure
Quick Cash Process
Get Higher Loan Amount
Low Interest Rate
Minimum Documentation
Why a Loan Against Your Car ?
A loan against your car—also known as car refinancing—is a smart way to get quick funds without selling your vehicle. You can unlock up to 200% of your car’s value, even if it already has an active loan.
The process is quick, with minimal paperwork and disbursal often within 24–48 hours. Since it's a secured loan, you benefit from lower interest rates compared to personal loans. You continue using your car while only the RC is hypothecated. The funds can be used for anything—business expansion, medical expenses, education, home renovation, or personal needs.
This option is ideal for salaried or self-employed individuals and business owners looking for working capital, whether or not the car has ongoing EMIs.
Products We Offer
New Car loan
New car loans offer fast approval, minimal paperwork, flexible EMIs, and up to 100% funding. Enjoy low interest rates, tax benefits, and added perks like insurance and festive offers.
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Pre-owned Car Loan
A pre-owned car loan is a budget-friendly option with lower EMIs, interest, and upfront costs. Used cars depreciate slower, and insurance is cheaper. With quick approvals and flexible terms, it’s a smart, affordable way to own a car.
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Car Refinance
Car refinance lets you unlock funds using your fully owned, lien-free vehicle without selling it. Enjoy quick approval, lower interest than personal loans, and flexible tenures—while still using your car. It’s ideal for business, medical, or personal needs, and helps build your credit. Platforms like Butterfly Fintech offer better value, faster processing, and multiple lender choices.
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Balance Transfer + Top-Up
A used car loan balance transfer with top-up lets you shift your loan to a new lender and borrow extra—up to 200% of the car’s value. It simplifies repayment with one EMI, offers better terms, and gives you funds for personal use. Quick approvals and minimal paperwork make the process hassle-free.
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Car Loan Top-Up
A top-up loan on your existing car loan offers quick access to extra funds without closing the current loan. With minimal paperwork, lower interest than personal loans, and no new collateral needed, it’s ideal for urgent needs. Flexible EMIs and higher loan limits—up to 200% of the car’s value—make it a smart, cost-effective choice.
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Customer Trust
We Prioritize The Security Of Our Customers' Information,
ensuring A Transparent And
Trustworthy Financial
experience That Stands As A Testament To Our
unwavering Dedication
To Their Well-being.
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.
What type of loan can I get against a used car?
You can get a secured loan against your used car where the car serves as collateral. The loan amount typically ranges from 50% to 200% of your car's current market value, depending on the lender's assessment and your eligibility.
How much loan can I get against my used car?
The loan amount depends on factors like your car's make, model, age, condition, and current market value. We typically offer between 50% to 200% of the car's current market value, with a maximum limit based on your repayment capacity.
What credit score do I require to qualify?
Since this is a secured loan backed by your car, credit score requirements are more flexible than unsecured loans. However, a higher credit score (650+) may help you get better interest rates and loan terms.
How long does the loan application process take?
Our streamlined process typically takes 24-48 hours for approval after submitting all required documents. Once approved, funds are usually disbursed within 1-2 business days directly to your bank account.
When do I need to repay the loan?
Repayment terms are flexible, typically ranging from 12 to 60 months. You'll start making monthly EMI payments one month after loan disbursement. We offer various repayment options to suit your financial situation.
Do I need to provide income proof?
Yes, income proof is required to assess your repayment capacity. Salaried individuals need salary slips and bank statements, while self-employed individuals need income tax returns and business proof documents.
Can I continue using my car during the loan period?
Absolutely! You can continue using your car normally throughout the loan repayment period. We only hold the car documents as security, and you retain full usage rights of your vehicle.
Is there a prepayment penalty fee?
Prepayment terms vary by loan agreement. Some loans allow prepayment without penalty after a certain period (usually 12 months), while others may charge a nominal fee. Details are clearly mentioned in your loan agreement.
