Get a Personal Loan upto ₹25 Lakh in 30 Minutes*
100% digital and secure process, 45% lower EMIs starting @ ₹1104/Lakh — pay interest only on what you use with Flexi Loan.
Loan Approved in 2 min
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Why choose a loan against your Grand Vitara?
Money in as little as 1 hour (for eligible profiles): Instant offer, quick verification, and swift disbursal during bank working hours.
Completely paperless: Apply online, complete e-KYC, upload documents, and e-sign—no physical visits.
Keep using your SUV: Continue driving your Grand Vitara; a lien/hypothecation is typically noted on the RC until closure.
Competitive, transparent pricing: Because the loan is secured by your car, rates are often lower than many fully unsecured personal loans.
Flexible amount & tenure: Choose a tenure that balances EMI comfort and total interest outgo.
No end-use restrictions: Use funds for any legitimate personal purpose—medical, business, education, travel, or home improvements.
Clear charges, zero surprises: Interest, processing fee, and applicable charges are shown upfront.
Grand Vitara advantage: A popular SUV with robust demand and service support—often helpful for eligibility and turnaround times.
Note: Final eligibility, pricing, and TAT vary by lender policy, city, vehicle age/condition, documentation quality, and your credit/income profile.
How the 100% online process works (step-by-step)
Share vehicle details Enter your Grand Vitara’s model year, variant (mild/strong hybrid, MT/AT), fuel type, kilometers, ownership (1st/2nd), and city/pincode.
Get an instant indicative offer View a provisional loan amount, rate range, and tenure options in real time based on your inputs.
Complete digital KYC & upload docs Upload PAN/Aadhaar, RC, insurance, and recent bank statements via a secure portal.
Verification & e-sign Your details are verified quickly. Review terms and approve the agreement using OTP-based e-sign.
Fast disbursal Post-verification, funds are credited—often within 1 hour for eligible applications during banking hours.
Who typically qualifies?
Vehicle: Maruti Suzuki Grand Vitara in acceptable condition and within age/mileage limits as per policy.
Ownership: RC in your name (first/second owner permitted, subject to policy).
Insurance: Active third-party or comprehensive policy.
Profile: Salaried or self-employed with stable income and acceptable credit behavior.
Location: Residing in a serviceable city/pincode.
Final sanction depends on credit checks, vehicle valuation, documents, and city policy.
Paperless documentation (upload in minutes)
KYC: PAN and Aadhaar (or permissible equivalents).
Address proof: Aadhaar/Passport/Driving Licence/Utility bill (as applicable).
Vehicle: RC (Registration Certificate), valid insurance; PUC if required.
Banking & income: Recent bank statements; salary slips or ITRs based on your profile.
Photo & signature: Captured digitally during the journey.
Indicative rates & charges
| Component | Typical guidance* |
|---|---|
| Interest rate (p.a.) | Competitive vs many unsecured PLs (profile & vehicle valuation based) |
| Processing fee | One-time; often deducted from disbursal |
| Prepayment/Foreclosure | Allowed after a minimum lock-in; nominal charges may apply |
| Late payment charges | Payable on overdue EMIs |
| Other applicable fees | Disclosed upfront—no hidden costs |
*Actual pricing depends on city, Grand Vitara age/condition, valuation, credit score, obligations, and tenure chosen.
EMI planning: understand your monthly outflow (with examples)
Your EMI depends on loan amount (P), interest rate (r), and tenure (n months).
Formula EMI = P × r × (1 + r)^n ÷ [(1 + r)^n − 1], where r is the monthly rate (annual rate ÷ 12).
Example A (shorter tenure)
Amount: ₹4,50,000
Rate: 12% p.a. → monthly r = 1% (0.01)
Tenure: 36 months
EMI ≈ ₹14,946 per month.
Example B (moderate tenure)
Amount: ₹6,00,000
Rate: 12.25% p.a. → monthly r ≈ 1.0208% (0.010208)
Tenure: 48 months
EMI ≈ ₹15,874 per month.
Tip: Use an EMI calculator to test different amounts/tenures. Choosing a comfortable EMI often improves approval odds and supports on-time repayment.
Smart ways to use a Grand Vitara–backed loan
Medical & emergency expenses: Access funds quickly when timing matters.
Business working capital: Bridge receivables, buy inventory, or manage seasonal dips—without diluting equity.
Education & upskilling: Finance tuition, certifications, or devices that fuel career growth.
Home improvement: Renovations, modular kitchens, furniture, or energy-efficient appliances—paid via predictable EMIs.
Travel & life events: Celebrate milestones while keeping budgets organized.
Debt consolidation: Replace multiple high-cost debts with a single, structured EMI.
Loan against car vs. unsecured personal loan
Loan against Grand Vitara (secured)
Backed by vehicle value—often lower cost vs many unsecured options.
Higher eligibility odds for well-documented profiles.
You keep using your SUV; a lien/hypothecation is typically marked on the RC.
Unsecured personal loan
No collateral—pricing often higher.
Approval leans heavily on credit score and income.
Can be fast, but may cost more over the tenure.
What influences your sanctioned amount?
SUV specifics: Model year, variant (mild/strong hybrid, MT/AT), fuel type, kilometers run, service history, accident record.
Market valuation: City-wise resale appetite for modern compact/mid-size SUVs.
Credit profile: Score, repayment behavior, existing EMIs/limits, utilization, and bureau history.
Income stability: Salary inflows for salaried; business vintage and bank statement health for self-employed.
LTV & city policy: Lender loan-to-value caps and local underwriting norms.
Documentation quality: Accurate, up-to-date docs speed verification and support better offers.
Why Grand Vitara owners often get strong offers
The Maruti Suzuki Grand Vitara blends contemporary styling, robust efficiency (including hybrid options), and a nationwide service ecosystem. Its balanced ownership costs and steady pre-owned demand can support healthy resale values. For lenders, that boosts valuation confidence—often enabling competitive rates, smoother approvals, and faster disbursals for eligible profiles (subject to car condition and documents). In short: your SUV’s reputation can help your loan work harder for you.
Security & privacy—by design
Bank-grade encryption protects data in transit and at rest.
Read-only statement connectors use secure tokens and explicit consent.
Transparent permissions at every step with clear audit trails.
Paperless workflows reduce handling risk and accelerate processing.
Common mistakes to avoid (and how to speed up approval)
Inaccurate vehicle details: Enter the exact variant, fuel type, and kilometers; avoid re-valuation delays.
Expired insurance: Renew before applying to prevent rejection or resubmission.
KYC mismatches: Ensure name/address consistency across PAN, Aadhaar, and RC where applicable.
Ignoring credit hygiene: Clear small dues, lower utilization, and fix bureau errors in advance.
Manual EMI risk: Enable e-mandate/auto-debit to avoid bounce fees and credit score impact.
Tips to get money within 1 hour (for eligible profiles)
Keep PAN, Aadhaar, RC, insurance, and bank statements ready for instant upload.
Apply using your registered mobile for fast OTPs and e-sign.
Submit during bank working hours for same-day verification and disbursal.
Pick a tenure that fits your income; a sensible EMI often speeds underwriting.
Use a reliable internet connection and updated browser for seamless e-KYC and scans.
Frequently asked questions (FAQ)
1) What is a personal loan against car for Grand Vitara owners? A secured personal loan where your Maruti Suzuki Grand Vitara backs the borrowing. You keep using the SUV and repay via EMIs; the lender typically marks a lien/hypothecation on the RC until closure.
2) Will my RC be transferred or will I lose access to the car? No sale or RC transfer is required. In most cases, a lien/hypothecation is simply noted on the RC while you continue to drive your Grand Vitara.
3) Is the process really 100% online and paperless? Yes. From application and e-KYC to document upload and e-sign, everything is digital. For most eligible applicants, no physical visit is needed.
4) Can I really get disbursal within 1 hour? Many eligible profiles receive approval & disbursal within 1 hour after verification, especially during banking hours. Timelines vary by city, lender systems, and document readiness.
5) How much can I borrow against my Grand Vitara? Your sanctioned amount depends on the car’s valuation (age, variant, kilometers), lender LTV policy, your credit score, income stability, and city.
6) What interest rate should I expect? Rates are competitive versus many unsecured personal loans. Your APR depends on credit strength, vehicle valuation, tenure, and location.
7) What documents are required? PAN, Aadhaar, RC, insurance, recent bank statements, and income proofs (salary slips/ITR) as applicable. All are uploaded online.
8) Can I prepay or foreclose early? Usually yes, after a minimum lock-in. Any prepayment/foreclosure charges are disclosed upfront before you e-sign.
9) My SUV is older or high mileage—am I still eligible? Possibly yes. Eligible amount and pricing may vary. Enter accurate details to get a real-time indicative offer.
10) How are EMIs paid? Set up auto-debit/e-mandate for timely payments and worry-free repayment.
11) Are there hidden fees? No. Interest, processing fee, and any applicable charges are clearly disclosed before you proceed.
12) What happens after I close the loan? Once fully repaid, the lender issues a No Dues/closure letter and the lien/hypothecation can be removed from your RC as per local RTO process.
