One can opt for new or used Car Loan depending upon the need and the kind of Car Requirement. Though, most people prefer a Car Loan over New Cars and not the Second Hand ones.
A Car Loan is a Personal Finance Product where the Financier provides the Borrower with the funds to purchase a Vehicle for Personal use. The Loan is secured against the Vehicle, and at the end of the Contract the Customer retains the full Title of the Vehicle.Car Loans are the simple means to a glorious life milestone- owning your dream car.
Almost all of us want to own that shiny set of wheels and drive it triumphantly, into the sunset. However, owning a car (vehicle in general) in India is a costly proposition, one that usually demands the impetus of a sizable financial assistance from banks/ financial institutions that have dedicated loan products in this regard.
Almost all private/public sector lenders in India offer car loan options with terms and conditions that are highly customer friendly, affordable and scalable. Makes easy to buy car – As many banks provide up to 100% finance on ex-showroom price, you don't have to wait long to buy your dream car. By qualifying against a very simple list of identity your dream will be bought throughout from the suresolutionsloan
benefits of car loan