Categories: Business

Covid-19 will help your car in crisis now, CARS24 will give loan against car


Avail of a loan against the car you own

new Delhi. If you have lost your job due to Kovid-19 and you are facing a cash crisis, now your car can get you out of this problem and it can be helpful to arrange the cash you need in this difficult time. is.

Auto tech company Cars24 has introduced a new product in the market, which will provide loans to consumers against their vehicles. It is just like a gold loan, where customers take loans from banks by pledging their gold. Now you can get rid of the cash problem while driving your car and you will not have to sell your car.

This exclusive loan offer of Cars24 will help consumers to give loans against their cars. Traditionally, a consumer gets a loan only when he buys a new or old car. According to Cars24's research, car sales have almost doubled due to the cash crisis caused by Kovid-19. To take advantage of this opportunity, Cars24 has started offering loans to customers who do not want to sell their cars. This allows the consumer to get easy loan for his personal needs without selling his car.

Initially this facility will be available in Delhi-NCR. It will also be launched in Bengaluru and Hyderabad from next month. It will be rolled out across the country by the end of 2020. Customers applying for a loan against a car will get facilities such as loan approval and disbursement in one day, 100 percent loan of the latest car value (for vehicles up to 12 years old), minimum documents requirement. Apart from this, customers will also get an anti-theft device and easy loan repayment in the car.

Cars 24 Vice President Vandita Kaul said that we saw a large number of people selling their cars to meet their individual needs. These days it has become very important to have a car to follow social distancing. Keeping this in mind, we have offered this, with the help of which consumers can get cash without selling their car. So far, the company has disbursed a loan of Rs 35 lakh under this offer.

This post was published on July 22, 2020 1:01 pm

Content Team

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