How can I get a loan to pay off my car and then sell it and pay off?
There is no need to first get the loan , repay and sell the car. Find prospective buyers and inform the Bank that you want to sell car. You will be required to enter into a tripartite agreement with the Bank ( buyer, seller and Bank) . In the agreement , the buyer will undertake to remit the sale proceed to your loan account upon conclusion of sale and Bank after appropriating its loan, the extra sale proceeds if any will be credited to your saving account.