Car Loan

Every individual aims to own a car as soon as he/she started earning, however, due to shortage of money their dreams is not fulfilled. Hence, car loan allows you to get your dream vehicle at attractive terms and conditions. The Total loan amount of your car loan is the base price of your car minus the down payment that you make. If you increase your down payment, you may effectively reduce your car loan tenure and EMI (Equated monthly installment) amount also. Base price of a car is its standard price excluding the add-ons like GPS device, alloy wheels, music systems etc. Generally car loans don’t require a guarantor but if the applicant’s income does not meet the credit criteria, then he will be required to have a guarantor for his loan. Guarantor can be his/her spouse, if employed, or a third party guarantee is also valid or say will do. It is often found that the automobile dealer will have a tie-up with a lender/bank to offer loans to his customer at a good interest rate. Hence, we provide you with lots of alternatives so that you can get loan at low cost.

The features & advantages of Car loan are as follows: