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Finance Your New Car Easily with Our Car Loan Options (Car Refinance)

Secure a Car Loan Option with Lower Interest Rates in the Market, designed to help you finance your new car purchase affordably.

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Car Refinance Features

Loan of up to ₹ 47 Lakh

3 Unique Variants

Tenure of up to 72 months

Minimal Documentation

Features and Benefits of our Car Refinance

Enjoy greater financial flexibility by refinancing your existing car loan. Our Car Refinance options can help reduce costs, adjust terms, and improve your repayment plan.

The following are the key features and benefits of our Car Refinance:


Car Refinance Eligibility

Car Refinance Eligibility Calculator: Click here to use our EMI Calculator

Car Refinance Eligibility Criteria for Top Banks:

For Salaried Individuals:

For Self-Employed Individuals:

Factors Affecting Car Refinance Eligibility:

Documentation Required for Car Refinance:

To begin the loan process quickly, keep the following documents ready:

Fees and Charges

Particulars Charges
Loan Processing Fees 1.5% to 4% of loan amount
Valuation Charges 500 onwards
Stamp Duty Charges As Per State Government Rates
RTO Charges As Per State Government Rates

Car Refinance Reviews

4/5

I was looking for an instant business loan to meet my business needs but after searching in the market, it was too expensive. But after meeting Ruloans, I came to know that I can mortgage my car just as any other asset and get 100% of the existing car value as the loan amount, but there shouldn't be any ongoing loan on the same car. With the help of Ruloans, I applied for a Car Refinance and got my loan disbursed within a span of four days with the lowest rate possible in the market.

Reviewer 1 Neeraj Singh
4/5

Cars are always called as a liability, but the right person can help you turn that liability into an asset. Such a person was Praveen from Ruloans, who guided me about Car Refinance and also helped me secure a loan against my existing car.

Reviewer 2 Mayuresh Waghmare

FAQs on Car Refinance

Car refinancing means getting a new loan to replace your existing car loan.

Refinancing can help you lower your interest rate, reduce monthly payments, change your loan term, or switch lenders for better terms.

Most types of cars can be refinanced, but lenders may have restrictions based on the car’s age, mileage, and condition.

If you find lower interest rates, need to adjust payments, or want to change lenders, refinancing could be beneficial.

Equity is the difference between your car’s value and what you owe on your loan. More equity can lead to better refinancing options.

Refinancing can cause a temporary dip in your credit score due to a hard inquiry, but timely payments can improve it over time.

Yes, an improved credit score may help you secure better interest rates and loan terms when refinancing.

Some lenders may charge processing or prepayment fees. It’s important to review these costs before refinancing.

Yes, you can opt for a shorter loan term, which may help you pay off your loan faster and reduce total interest paid.

Start by comparing offers from lenders, gathering necessary documents, and submitting your application for approval.