Overview

You can meet your financial needs by taking out a Loan Against Vehicle, which starts at Rs. 1 Lakh and can go up to 50% of the original loan value of the car.

Why Chickly

Document-Free Loan

Cash Lending Service

Minimum loan amount is Rs 100,000

Get financing for whatever you need now

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Get High-Value Loans

Established Chickly customers can take advantage of pre-approved deals. A loan of 50% of the original loan sum is secured against your vehicle.

Attractive Interest Rates

Get a loan against your car with low-interest rates beginning at 11% per year.

Hassle-Free Documentation

Quick processing and minimal documentation are needed.

Unique Offers

Special pre-approved offers for loan against an existing loan.

Eligibility to avail a Loan against car

  • The loan applicant must be at least 21 years old and no older than 60 to 65 years old at the time of application.
  • The loan is available to both salaried and self-employed individuals.
  • To apply for a loan, the borrower must have a steady source of income.
  • Typically, loans are only made available against vehicles that are less than ten years old.

Documents required

For Salaried Individuals

  • Business Proof-NA
  • Income Proof-Latest 2 Salary Slips & Latest Form 16
  • Bank Statement-Bank Statement for the last three months
  • Age Proof-PAN / Driving Licence/ Passport/ Birth Certificate
  • Sign Verification Proof-PAN / Passport/ Bankers Verification
  • Legal Documents for Your Car- Valid motor insurance policy documents/Registration certificate (RC book)

For Self-Employed Individuals

  • Telephone Bill/ Electricity Bill/ Shop & Establishment act Certificate/ SSI or MSME Registration Certificate/ Sales Tax or VAT Certificate/ Current A/c Statement/ Regd Lease with other Utility Bills
  • Latest ITR
  • Bank Statement for the last three months
  • PAN / Driving Licence/ Passport/ Birth Certificate
  • Legal Documents for Your Car-Valid motor insurance policy documents/Registration certificate (RC book)