Archive · 16 Jun 2025
Paisabazaar Launches Car Loans, Expands Product Suite
Paisabazaar, a website where people can find loans, is now offering loans using cars as collateral.
This means people can borrow money using their car as a guarantee.
They've teamed up with banks like HDFC Bank and Tata Capital to provide these loans.
The loans can be up to twice the car's value and can be paid back over five years.
Paisabazaar hopes this new loan type will help more people get access to credit, and they have helped over 50 million people already.
This new service is part of their plan to grow their business by offering more types of loans.
Paisabazaar launched 'Loan Against Car,' expanding its product offerings.
Partnerships include HDFC Bank and Tata Capital to provide loan options.
Loans offer up to 200% of the car's value with a tenure up to 5 years.
The launch aligns with Paisabazaar's strategy to grow secured lending.
The platform serves over 50 million consumers and handles 20 lakh+ monthly inquiries.
- Who
- Paisabazaar, a marketplace for consumer credit, partnered with HDFC Bank and Tata Capital.
- What
- Paisabazaar launched 'Loan Against Car' to expand its services.
- When
- Announced on June 16.
- Where
- Gurgaon, India.
- Why
- To expand secured lending and provide more credit options to consumers.
- Product
- Loan Against Car
- Partners
- HDFC Bank, Tata Capital
- Loan Amount
- Up to 200% of car's value
- Tenure
- Up to 5 years
- Consumers Served
- Over 50 million
- Monthly Enquiries
- 20 lakh+