Loading video… Unable to load video. Please try again. Retry Gig workers in India often earn through ride-hailing platforms, food delivery apps, freelance assignments, or short-term contracts. This income can change from week to week, which makes proving repayment capacity more difficult when applying for a car loan. Lenders still assess creditworthiness, but they typically … Read more
Loading video… Unable to load video. Please try again. Retry Getting a car loan as a contract employee is possible, but lenders usually ask for stronger income proof than they do from salaried or self-employed applicants. Your eligibility often depends on contract history, income consistency, and the documents you can provide. This guide explains what … Read more
Loading video… Unable to load video. Please try again. Retry Yes, students can get a car loan in India, although approval depends on income, credit history, and whether a co-applicant is available. Most lenders prefer applicants with a steady source of income, so students often apply with a parent or guardian as a co-borrower or … Read more
Loading video… Unable to load video. Please try again. Retry A car loan for pensioners in India can help retirees purchase a new or used vehicle without depleting their savings. Many banks and non-banking financial companies offer car finance to pensioners, but eligibility terms, interest rates, and documentation often vary by lender. This guide explains … Read more
Loading video… Unable to load video. Please try again. Retry Becoming a guarantor on a car loan means you take legal responsibility for repayment if the primary borrower defaults. In India, this arrangement is common among family members and friends, but the financial exposure can be significant. Before you sign any guarantee document, you should … Read more
Loading video… Unable to load video. Please try again. Retry Moving to another state with a car bought on loan is common among Indian professionals, but the paperwork differs from moving with an outright-owned vehicle. Because the lender holds a legal interest in the car until the loan is repaid, you cannot simply re-register the … Read more
Loading video… Unable to load video. Please try again. Retry When you take a car loan in India, your lender will usually require you to buy motor insurance before the vehicle is disbursed or handed over. This protects the lender’s interest until the loan is fully repaid. Many borrowers assume they must buy the insurance … Read more
Loading video… Unable to load video. Please try again. Retry When buying a car on finance in India, lenders often offer loan protection insurance alongside the loan agreement. Many borrowers wonder whether this cover is compulsory or simply an optional add-on. Understanding the difference can help you avoid paying for coverage you do not need … Read more
Loading video… Unable to load video. Please try again. Retry A car insurance claim payout that is lower than your outstanding auto loan can leave you paying for a vehicle you can no longer drive. This situation commonly arises due to depreciation, deductibles, or policy exclusions. Understanding why the settlement fell short and what documents … Read more
Loading video… Unable to load video. Please try again. Retry When an insurer declares your car a total loss while a car loan is still active, the settlement usually goes toward clearing the outstanding loan first. Any remaining amount is paid to you, but if the insurance payout is less than the loan balance, you … Read more