In a bold step to redefine how Indians access quick liquidity, FINQY®, one of India’s fastest-growing fintech platforms, has unveiled its latest innovation — the Car Par Loan. This new-age financial product allows customers to borrow up to 200% of their car’s current market value, all while retaining full ownership of their vehicle.
Targeted at working professionals, small business owners, and everyday consumers, the Car Par Loan promises a fully digital, hassle-free borrowing experience with no paperwork or branch visits. Users can instantly view their car’s market value and the loan amount they are eligible for, with soft approval provided within minutes.
Key Features:
- High Loan Value: Eligible borrowers can get up to 200% of their vehicle’s market value through banks and NBFCs.
- Instant Valuation & Soft Approval: Get real-time car valuation and instant eligibility check.
- 100% Digital Process: Apply and upload documents online — completely paperless.
- Flexible Usage: Funds can be used for emergencies, business needs, education, or personal goals.
- No Ownership Transfer: Customers retain full ownership of their vehicle with transparent terms and no hidden fees.
- Tenure: Loan repayment terms available for up to 84 months.
“Car Par Loan is more than just a product — it’s about giving people control over their finances without the stress or confusion,” said Manish Aggarwal, Founder & CEO of FINQY®. “We’ve made borrowing simple, fast, and friendly — everything traditional finance isn’t.”
The Car Par Loan is available across India via FINQY’s expanding network of auto loan partners.