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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 liquidity--up to 200% of the current market value--while 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 Funds--Without 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 car--no 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 (ADVERTORIAL DISCLAIMER: The above press release has been provided by KERTUS. ANI will not be responsible in any way for the content of the same)
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