
FINQY® Rolls Out Digital Car Par Loan - Get Up to 200% of Your Car's Value
Mumbai (Maharashtra) [India], July 23: In a time when people need quick, simple, and reliable ways to access money, FINQY®, one of India's fastest-growing fintech platforms, has brings an offering that could change the way Indians borrow -- introducing Car Par Loan.
This innovative product lets you unlock up to 200% of your car's current value -- without having to sell it. It's quick, it's digital, and it's built for working professionals, small business owners, and everyday consumers looking for smarter liquidity solutions.
A Smarter Way to Borrow -- Without the Usual Hassle
Car Par Loan stands out because it makes the borrowing process easier and more transparent:
* High Loan Value: Banks & NBFCs offer up to 200% of your car's market value -- based on their eligibility criteria.
* Instant Car & Loan Value: See real-time market value of your current vehicle and the loan amount you're eligible for, instantly.
* 100% Digital, Instant Soft Approval: No paperwork, no branch visits. Apply, upload documents, and get your loan eligibility check or a soft approval, instantly.
* Flexible Use: Whether it's a family emergency, business need, or education expense -- use the funds any way you like.
* Safe & Transparent: No hidden charges. Clear repayment terms with reputed lenders. 100% ownership of your car stays with you.
Putting the Customer in the Driver's Seat
"Car Par Loan is more than just a product -- it's about giving people control over their finances without the stress or confusion," said Manish Aggarwal, Founder & CEO of FINQY®. "We've made borrowing simple, fast, and friendly -- everything traditional business finance isn't."
Designed for Today's India
* Loan Tenure: Up to 84 months
* Eligibility: Salaried, self-employed, and business owners
* Available Across India via FINQY's growing Auto Loan partner network
About FINQY®
Founded in 2019, FINQY® is on a mission to make financial products simpler, smarter, and more accessible. The platform acts as a conduit between customer's and a wide range of personal finance options -- including loans, credit cards, and insurance -- all in one place. With 45+ offices across 30 cities and a team of 400+, FINQY represents over 100+ top financial institutions, helping lakhs of Indians find the right financial product, at the right time. For more information visit: www.finqy.ai

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
3 hours ago
- Business Standard
Hotels target frequent air travellers to attract customers amid travel boom
Such initiatives highlight the rise in providing seamless travel experiences to travellers, as per hospitality industry executives Mumbai Listen to This Article With Indians constantly on the move, hotel chains are deploying a common strategy: tap into the growing number of frequent air travellers. Radisson Hotel Group recently launched Radisson Flights in India, partnering with Etraveli Group, a global flight technology provider. Radisson Flights, an integrated booking platform, will offer a 20 per cent discount on hotel stays with every flight booking. The group is rolling out a similar service in 14 other countries. Sarovar Hotels has tied up with FLY91, a regional carrier, to offer discounts to guests at select places in the country. In April, Accor Hotels and low-cost carrier


Hindustan Times
9 hours ago
- Hindustan Times
Has your real estate developer delayed possession of your flat? Here's how homebuyers can manage the EMI and rent burden
Buying a home is often the biggest financial decision of one's life. But for 32-year-old Diya Ganguly from Gurugram, it turned into a nightmare. In 2019, she booked a flat on Sohna Road, hoping to move in by 2021. Then the pandemic hit. Construction came to a halt, updates stopped, and she was left juggling EMIs and rent while waiting endlessly. It's now 2025, and the flat remains unfinished, with no clear possession date in sight. Ganguly's ordeal mirrors the struggles of many homebuyers whose dream homes remain stuck in limbo due to project delays. Delayed flat possession? A homebuyer's guide to handling EMIs and rent (Photo for representational purposes only)(Pexels) Under RERA, buyers can claim interest for delays The Real Estate Regulatory Authority (RERA) provides support for homebuyers in such cases. Let us take a look. 'Under RERA, if a developer delays possession beyond the promised date as mentioned in the agreement for sale, the homebuyer is entitled to seek refund of the entire amount paid along with interest (usually SBI MCLR + 2%) by filing a complaint before the RERA Authority. If the buyer chooses to withdraw from the project, the promoter must return the entire amount paid along with interest as per the provisions of the Act,' says Piyush Bothra, co-founder and CFO, Square Yards. However, if the buyer does not intend to withdraw from the project, the promoter is required to pay monthly interest for every month of delay until possession is handed over. Additionally, if there's any loss to the buyer due to a defective title of the land or fails to discharge any other obligations imposed on the promoter under the RERA, the promoter must compensate the buyer, and such claims are not restricted by any limitation period under existing laws. 'Moreover, if the promoter fails to meet any other obligations under RERA, its rules, or the sale agreement, they are also liable to compensate the buyer as per the Act,' says Bothra. Financial impact of delayed possession Managing financial affairs when possession of a house/flat is delayed, should be treated as an emergency situation as it creates a lot of hardship if the time stretches beyond comfort. 'This delay has a huge impact cost as the first challenge is to pay both EMI and rent. One faces a dual burden of paying EMIs and rent together. It is also not sure how much time this condition would prevail. This uncertainty disrupts other long term life plans,' says Madhupam Krishna, Securities and Exchange Board of India (Sebi) registered investment advisor (RIA) and chief planner, WealthWisher Financial Planner and Advisors. Also Read: Navigating tax complexities: What resident Indians must know when buying property from NRIs The first thing to do if your flat possession is delayed is to reassess your budget. Cut down on lifestyle expenses and shift to smaller housing if necessary. Explore freelance and other side income options. Build an emergency fund using SIPs in liquid funds or money in a savings account. Pause non-essential investments and if needed consider a loan moratorium or credit restructuring as a last resort. We look at three case studies to understand how they can manage their finances smartly in case of delayed possession of a property. Homebuyers' Guide: Here's how you can manage both rent and EMIs(HT Graphic) Delaying EMI payments would land you in trouble Remember, you have entered into an agreement while taking the loan, and you are legally bound to repay the loan, and missing EMIs will immediately lead to a negative impact on your credit score. A poor credit record can not only affect your ability to get future loans or credit cards but may also invite legal action from the lender. 'After a few missed EMI installments, the lender can issue you notices to pay the EMI, and if you don't clear the dues in the stipulated time and regularize your EMIs, the lender can classify your loan as a non-performing asset (NPA), initiate recovery proceedings, or even auction the property, because in almost all home loan cases, the property is given as collateral to secure the loan. Also, it's a fact that delaying or defaulting on EMIs won't influence the developer or speed up project completion, it only harms your own financial standing,' says Raoul Kapoor, co-CEO, Andromeda Sales and Distribution, a loan aggregator. If you are facing such a situation, it is time to act. First check the builder-buyer agreement and look for possession clauses, penalty terms, and force majeure provisions. 'Recollect all records of emails, notices, advertisements and project updates. If more people are impacted, join or form a group to increase collective bargaining power. Will legal aid send a legal notice to the builder to establish that you intend to seek remedy and initiate a formal dialogue,' says Krishna. For the legal steps you can see below. Here are the legal remedies available to homebuyers if their project is delayed(HT graphic) If your flat is delayed, smart budgeting and knowing your legal rights can help you manage the financial stress and stay on track. Anagh Pal is a personal finance expert who writes on real estate, tax, insurance, mutual funds and other topics


Time of India
a day ago
- Time of India
Elder care platforms bullish on growth as silver economy booms
The silver economy is booming and elder care platforms are riding the wave of growth as an increasing proportion of Indians are living away from ageing parents and in-laws. Companies such as Samarth Elder Care, Emoha Eldercare and Yodda Elder Care are seeing a surge in demand from both individuals looking for services for family elders and from corporates seeking partnerships . The number of people aged 60 and above in India is projected to increase sharply to 347 million in 2050 from 149 million in 2022, according to research from the United Nations Population Fund. Explore courses from Top Institutes in Please select course: Select a Course Category Finance Management Leadership healthcare Operations Management Data Analytics Others Data Science Cybersecurity Technology Artificial Intelligence Digital Marketing Healthcare Product Management others Project Management Design Thinking PGDM CXO MBA Data Science Degree Public Policy MCA Skills you'll gain: Duration: 9 Months IIM Calcutta SEPO - IIMC CFO India Starts on undefined Get Details Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Fintech & Blockchain India Starts on undefined Get Details There is a rapidly increasing demand for organised elder care in the country, particularly as more professionals find themselves part of the 'sandwich generation', balancing childcare with responsibilities towards the elderly. Elder care platforms fill in a critical vacuum as they provide services such as health monitoring, home and emergency care as well as emotional support . Yodda Elder Care is doubling its revenue every year, amid increasing demand from not just carers but also senior citizens themselves. 'There are 400 cities that offer potential, and the market is huge. As of now, we will continue to focus on the home care market itself, though we see a possibility of owning some active or assisted living facilities in future,' said Tarun Sharma, founder and CEO, Yodda Elder Care. Live Events Emoha Eldercare has seen twofold year-on-year growth and is building hyperlocal care ecosystems to enable faster response times, stronger community connections and better quality of care . 'Caregiving stress can significantly contribute to absenteeism and burnout, especially among mid-level employees aged 30-50. Over the years, we have not only saved nearly 1,000 lives through timely emergency interventions but also brought joy and connection back into the lives of thousands of elders who were otherwise living in isolation, having organised more than 5,000 online and offline sessions especially curated for elders,' said Saumyajit Roy, CEO, Emoha Eldercare. Corporate interest Companies including Wipro , American Express, Sanofi, Novartis and Alvarez & Marsal India have launched programmes to help employees manage caregiving responsibilities, said industry sources. These programmes offer health coordination, emergency support, online engagement tools, doctor-on-call, personalised home care and even emotional companionship and community engagement events. Samarth Elder Care has seen an almost threefold increase in enquiries for corporate partnerships compared to last year. 'Companies are reaching out for structured eldercare support programmes as part of their employee assistance offerings, including preventive health plans for parents, emergency response coordination, regular check-ins and even help navigating hospitalisation or homecare,' Asheesh Gupta, co-founder at Samarth Elder Care, told ET. The platform has partnered with organisations such as Wipro, Aditya Birla Group companies, Alvarez & Marsal, Kyndryl and several major banks. It also works with overseas companies which have a significant number of employees of Indian origin. Emoha Eldercare is seeing a sharp increase in demand from corporates, particularly in sectors such as IT, fast-moving consumer goods and pharmaceuticals. Samarth Elder Care's strongest markets include Delhi-National Capital Region, Mumbai, Bengaluru, Hyderabad and Kolkata, but it has also seen significant traction in smaller cities such as Dehradun, Coimbatore, Jaipur, Lucknow and Bhubaneswar. Yodda Elder Care, which operates in eight cities, expects to launch services in five more this year. Like Samarth Elder Care, Emoha Eldercare is also seeing traction from tier-2 and tier-3 cities such as Guwahati and Kochi. Companies, too, are increasingly acknowledging the challenges that employees may face in balancing professional roles with elder care responsibilities. Alvarez & Marsal (A&M) India partnered with Samarth last year to introduce elder care solutions comprising more than 35 services, including advanced nursing, physiotherapy, teleconsultations, and emergency coordination. 'The programme also provides practical assistance such as household management, travel arrangements, legal support and assistance with wills and registration, available throughout India. The initiative has seen strong engagement among employees,' said Nimisha Rana Pathak, chief human resources officer at Alvarez & Marsal (A&M) India. Employee interest in such benefits has grown steadily, with gradual increase in uptake in parental insurance, in-home medical support and diagnostic services, said Nimitha Menon, health risk management consulting leader, Mercer Marsh Benefits India. 'Looking ahead, many companies are aiming to further strengthen eldercare offerings – exploring mental health services for seniors and integrating these benefits more deeply into their overall well-being strategy," she said.