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Essentials of unsecured loans!
There are several types of unsecured loans available in the market which a person can opt for when in dire requirement of money. However before availing any of the unsecured loans one needs to...
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What do rate cuts in car loans imply?!
Customers are often bombarded with various special offers of rate cuts by banks and discounts by the dealers during festival seasons to woo them into making the purchase with a car loan. However the...
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Future of car loans in India!
There has been steady hike in the car sales numbers in the country and the trend is likely to continue as more and more Indians become financially capable of owning a four wheeler. Also during this...
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Manufacturer, dealer and agents role in a car loan deal!
An overwhelming majority of all car purchases in India is through car loans that are easily available from various banks and other financing institutions. Despite the widespread usage of the car loan...
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Car leasing – a new option!
With boom in the economy of the country there is increased activity in kinds of corporate houses. This has led to a sharp rise in the requirement of vehicle by the corporate which have now adopted a...
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Teaser rate car loans?!
There are various types of car loans on offer in the markets as financiers compete against each other in attracting more number of customers. The customer has the option of selecting a customized car...
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LTV in case of car loans!
The Loan to Value (LTV) in case of a car loan is simply the amount of money that can be sanctioned as a loan to the value of the car that is being purchased. There are different norms which are...
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Features of used car loans!
The popularity of used cars has increased significantly over the past few years and has in fact exceeded the number of new cars being bought every year. Since the car is an ever depreciating asset...
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Repayment options in car loans!
Car loans in India have undergone widespread in the past few years with the financiers evolving new and innovative loan products in an attempt to attract more customers. There are various kinds of...
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Loan default is not the end!
Photo credits: familymwr In case of housing loans, banks have a provision for restructuring the loan e.g. terms of extending the tenure of the loan. For the same, the bank must perceive the reason of...
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Simple benefits of a car loan!
The car loan is a popular tool for owning a dream four wheeler which is being adopted by thousands of Indians who qualify the basic income eligibility criteria. This is pretty simple and easy to avail...
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What to look for in a car loan agreement!
The car loan is a very common debt today with almost all middle class Indians opting for this method to own their dream vehicle. However there are some clauses in a car loan agreement that most people...
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What is acceleration clause in a car loan?
Also known as the “acceleration covenant” the Acceleration Clause in any car loan is a vital element that must be read and understood categorically by the borrower at the time of signing the loan...
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Selling a car under finance!
Buying cars is one of the easiest things for young professionals today in the country. However there are cases when people realize that they really can’t afford the car loan or they have bought a car...
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Understanding the car loan amortization process!
While every borrower knows that a car loan will have to be paid back through a pre decided number of EMIs of a calculated value the exact breakdown of this EMI is what baffles most of the people....
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Loans in 2013 and the road ahead!
The latest announcement by the Reserve Bank of India to keep its key policy rates unchanged has triggered a positive sentiment in the home loan market. With the RBI keeping the repo rate unchanged at...
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Applying for a car loan – Important considerations!
Car loan Aspects A car loan is definitely one of the most popular loan products in the country. Arvind applied for a car loan at an early age with the dream of buying his favourite car. He researched...
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Choosing a suitable car loan for your dream car!
Car loan Ajitesh, a regular guy in his twenties, wanted to buy a new car to impress his girlfriend and colleagues. He even ensured that he got everything right when it came to applying for a car loan....
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Importance of the car loan surrender letter!
In every loan agreement, there are various types of clauses which often confuse the borrower. In most of the cases, these clauses are put to ensure that the interest of the financing company is...
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How to apply for a used car loan!
Applying for a car loan Photo Credit - istock The popularity of second hand car market has been constantly on the upswing. While it is simple to get a car loan for a new vehicle, are you searching for...
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