KERTUS
Mumbai (Maharashtra) [India], November 28: FINQY®, one of India's fastest growing fintech platforms and a leading financial distribution aggregator, is spotlighting a category that is rapidly reshaping personal and business borrowing in India: Car Par Loan. This innovative solution allows vehicle owners to borrow against their existing car and access substantial liquidityup to 200% of the current market valuewhile continuing to own and use their vehicle.
At a time when credit needs are evolving and traditional loan processes often feel slow or restrictive, Car Par Loan emerges as a quick, convenient, and asset-smart financing alternative for individuals and businesses alike.
A Smarter, Faster Way to Raise FundsWithout Letting Go of Your Car
FINQY® has designed Car Par Loan to eliminate the usual friction of borrowing. With a fully digital experience, users can instantly check their eligible loan amount based on the real-time value of their carno branch visits, no waiting, no complicated paperwork.
Key Features Include:
High Loan Value - Borrow up to 200% of the car's current value (subject to lending partner eligibility).
Instant Valuation & Eligibility - Check your car's worth and loan amount instantly.
100% Digital Process - From eligibility check to documentation upload, everything happens online.
Instant Soft Approval - No manual follow-ups or physical visits required.
Freedom of Use - Use the funds for business, medical emergencies, education, travel, or personal needs.
Full Ownership Retained - You continue to own and drive your car throughout the loan tenure.
A Timely Solution for India's Evolving Borrowing Landscape
Commenting on the rising relevance of this category, Sunil Talreja, Business Head - Car Par Loan & Auto Loans, FINQY®, said:
"Car Par Loan is redefining how vehicle owners can leverage their asset. It offers a convenient and transparent alternative to traditional borrowing, allowing customers to unlock the value of their car while continuing to own and use it. The approach is digital-first, structured, and aligned with today's fast-paced borrowing expectations."
Who Can Apply?
- Salaried professionals
- Self-employed individuals
- Business owners
Loan tenures are available for up to 84 months, and the product is accessible across India through FINQY's strong lending partner network.
About FINQY®
Founded in 2019, FINQY® is a leading financial distribution aggregator offering access to loans, insurance, and credit cards through a seamless digital experience. With 45+ offices across 30 cities, a 400+ member team, and 100+ financial institution partnerships, FINQY® empowers millions of customers to discover, compare, and apply for the right financial solutions with ease.
More information: www.finqy.ai | www.carparloan.com
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