Vehicle Refinance & Top-Up
Unlock working capital from the vehicle you already own.
Overview
Raise funds against your existing commercial vehicle, car or tractor — or move your running loan to IndoStar and take a top-up — for repairs, tyres, insurance renewals or business expansion.
Balance Transfer
Shift your existing vehicle loan to IndoStar for a repayment plan that suits your cash flows.
Working Capital Uses
Fuel, tyres, repairs, permits, insurance, or adding another vehicle to your fleet.
Features & Benefits
- Loan against fully-owned vehicles
- Balance transfer with top-up
- Quick valuation
- Minimal documents
- Flexible tenures
- Doorstep service
Eligibility Norms
- Vehicle registered in applicant's name
- Satisfactory repayment track record on existing loan (for balance transfer)
- Age 21 to 65 years at loan maturity
Documents Required
KYC Documents
- PAN card
- Aadhaar card / voter ID / passport
- Recent passport-size photographs
- Address proof (utility bill or rent agreement)
Income Documents
- Last 6 months' bank statements
- ITR / GST returns where available
- Existing transport contracts or work orders (if any)
Vehicle Documents
- Proforma invoice (new vehicle)
- RC, insurance and fitness certificate (used vehicle)
- Valuation report arranged by IndoStar
Apply In Simple Steps
Share Your Details
Fill the enquiry form, call 022-50799503 or message us on WhatsApp.
Quick Evaluation
Our branch officer visits you, checks the vehicle and collects KYC documents.
Sanction & Disbursal
Get your sanction and disbursal quickly, with EMIs matched to your earnings.
Interest Rates & Fees
- Interest rates are determined by the applicant's profile, vehicle type, age and tenure, as per IndoStar's interest rate policy.
- Processing fees, documentation charges and other applicable charges are disclosed upfront in the sanction letter.
- Please refer to the Statutory Disclosure page for the schedule of charges and interest rate policy.
Frequently Asked Questions
How quickly can my vehicle loan be disbursed?
Once documents and vehicle evaluation are complete, most loans are sanctioned and disbursed within a few working days.
Can I apply if I am a first-time buyer?
Yes. IndoStar finances first-time buyers and first-time users, assessing your earning potential and local references.
Can I refinance an old car?
Yes, subject to the vehicle's age and valuation at the time of application.