Loading video… Unable to load video. Please try again. Retry Before signing a car loan agreement in India, borrowers should confirm the full cost of the loan rather than focusing only on the monthly EMI. The total payable amount includes the principal, interest, and any applicable charges over the entire tenure. Understanding this figure helps … Read more
Buying a used car in India often involves costs beyond the vehicle price. A common question among borrowers is whether a used car loan can also cover registration transfer charges. This article explains how used car loans typically work, what expenses lenders usually finance, and what you should verify before applying. Short answer: It depends … Read more
When buying a used car in India, most buyers focus on the vehicle’s price, service history, and ownership records. However, if you plan to finance the purchase with a used car loan, annual mileage can also influence your application. This article explains how high annual mileage may affect loan eligibility and what borrowers should check … Read more
Loading video… Unable to load video. Please try again. Retry A spelling mistake in the Registration Certificate (RC) can complicate used car finance, but it is usually fixable. Lenders treat the RC as a key ownership document, so even a small error may delay verification or loan approval. This article explains what borrowers can do … Read more
Loading video… Unable to load video. Please try again. Retry When you apply for a used car loan in India, the lender does not only assess your income and credit history. The vehicle itself must pass a valuation inspection before the loan is sanctioned. If the used car fails bank valuation inspection, the loan process … Read more
Loading video… Unable to load video. Please try again. Retry Financing an imported used car already registered in India can be complicated. Many banks and NBFCs restrict vehicle loans to cars manufactured and sold in India, and import history can affect eligibility, insurance, and resale value. Before applying, you need to understand what lenders check … Read more
Loading video… Unable to load video. Please try again. Retry Buying a used car often means negotiating a sale price that does not match the insurance Insured Declared Value, or IDV, recorded in the policy. Many Indian buyers discover that the seller’s asking price is higher than the car’s current IDV. This gap can affect … Read more
Loading video… Unable to load video. Please try again. Retry Yes, a used car dealer can often arrange finance without your preferred bank, but doing so comes with trade-offs that every Indian buyer should understand before signing the agreement. How dealer-arranged finance works Dealers typically partner with multiple banks, non-banking financial companies (NBFCs), and captive … Read more
Loading video… Unable to load video. Please try again. Retry Buying a used car from a relative can simplify paperwork and price negotiation, but it does not remove the need for proper financing and documentation. If you need a loan for this purchase, understanding how lenders treat a vehicle bought from a family member will … Read more
Loading video… Unable to load video. Please try again. Retry A used car loan with a short remaining registration period can be harder to get than a standard pre-owned vehicle loan. Most lenders in India assess the remaining validity of the Registration Certificate (RC) before approving credit, because the car itself serves as security. If … Read more