If you need money, you can get a cash loan of up to 25 lakh on the car, this is the way to apply

Many times people need money then they sell their car. But today we will tell you a way through which you will get money, there will not be any chance of selling the car. If you have a car, you can get a cash loan of up to Rs 25 lakh. The special thing is that the loan amount will be transferred to you in just 2 days.

If you have a loan on your car, then it is important that its 12 EMIs have been paid. According to the Cardekho website, if you need money, you will get a cash loan of up to Rs 25 lakh. The special thing is that the interest rate of the loan will be cheaper than a personal loan. Currently, interest rates on personal loans start at 11 percent, which banks charge 20 percent or more.

What is the process: For this, first you have to visit the website of cardekho.com. Go to “Car Look” Ventures here and click on the “Loans on Cars” section. After that, in the window that opens, you will be able to see whether you are eligible to take a loan or not, if eligible, then how much loan amount can you get.

For this information, you have to tell the name, model and year of the car. In this next step, the car and its necessary information will have to be submitted. After this, the loan will be contacted by the lenders. According to the website, lenders’ partners include HDFC Bank, Axis Bank, IDFC, Kotak Mahindra, ICICI, Tata Capital, Bajaj Finserv, Hero Fincorp, Mahindra Finance.