FINQY® Rolls Out Digital Car Par Loan

MUMBAI, India - Oct. 16, 2025 - PRLog -- For most car owners, a vehicle is more than just a mode of transport — it's a prized possession and one of their largest financial investments. Yet, when faced with urgent financial needs — whether for personal expenses, business growth, or emergencies — this valuable asset often remains untapped.

FINQY®, one of India's fastest growing fintech platforms, is changing that narrative. The company introduced Car Par Loan — a fully digital lending product that allows customers to unlock up to 200% of their car's current market value without selling or surrendering ownership.

A New Way to Think About Borrowing

Traditionally, vehicles have been viewed as depreciating assets. FINQY's Car Par Loan transforms this perspective by turning cars into liquid financial assets, empowering customers to raise funds quickly and securely - while retaining full ownership and usage rights.

Key Features of Car Par Loan:

• High Loan Value: Borrow up to 200% of your car's market value, depending on eligibility.
• Instant Valuation: Real-time car value assessment and loan eligibility insights.
• Fully Digital, Paperless Journey: Apply online, upload documents, and receive instant soft approval -no branch visits, no paperwork.
• Flexible Fund Usage: Use the loan for any purpose - from medical emergencies and education to business expansion.
• Safe & Transparent: Clear repayment terms, no hidden charges, and ownership of the car stays with you.

Empowering Customers, Simplifying Borrowing

"Car Par Loan is more than just a product - it's about giving people control over their finances without the stress or confusion that often comes with traditional borrowing," said Sunil Talreja, Business Head, Auto Loans, FINQY. "We've built a solution that is simple, fast, and customer-first - everything traditional auto finance isn't."

Tailored for the Needs of Modern India

As India becomes the world's third-largest auto market, millions of vehicles across the country represent an untapped financial opportunity. The Loan Against Car (LAC) market alone is estimated to exceed ₹50,000 crore, especially in Tier 2 and Tier 3 cities - but awareness remains low.

Car Par Loan is designed to change that. It's an ideal solution for salaried professionals, self-employed individuals, and business owners who want to leverage their car's value without compromising ownership or mobility.

Loan Highlights:

• Tenure: Up to 84 months
• Eligibility: Salaried individuals, self-employed professionals, and business owners
• Availability: Across India via FINQY's extensive auto loan partner network

For more information, visit: www.finqy.ai
For Car Par Loan details, visit: www.carparloan.com