What Is an Instant Loan Against a Car and How Does It Work

Manyasharma0108 Nov, 2023Finance

An instant loan against a car is a swift financial solution that allows you to use your car as collateral for a loan. This process is simple: you provide essential car details, and the lender determines the value of your vehicle. Once approved, you receive a loan amount based on your car's worth. The lender holds the car's ownership documents until you repay the loan. Interest rates and terms vary, and timely repayment ensures you retain ownership.