But did you know that you also have another loan option, that gives you access to money almost instantly. All you need in order to be eligible for this loan is to be a car owner. That’s it. If you haven’t already guessed, we’re talking about a loan against your car.

A loan against car is a secured loan that you can take by pledging your car as collateral . Sounds simple enough, right? Park+ in partnership with IDFC First bank brings to you loan against your car. If you are in need of quick cash then here are 5 reasons why loan against car is better:

• Low-interest rates
• Disbursal within 2 days
• Loan up to 200% value of your car
• Minimal to zero documentation required
• Post car verification, get money in your account and continue driving your car

Interested in knowing how much loan can your car fetch for you? Click here