admin Loading video… Unable to load video. Please try again. Retry Repaying a car loan in full is a relief, but many Indian borrowers find that their CIBIL report still shows the account as “active” even after closure. This mismatch can lower your credit score and make it harder to get future loans at good rates. … Read more
Loading video… Unable to load video. Please try again. Retry Transferring an existing car loan to another person means shifting both the repayment responsibility and ownership of the vehicle to a new borrower. This is possible in India, but it is not automatic. Every lender has its own rules, and the process usually requires fresh … Read more
Loading video… Unable to load video. Please try again. Retry When a car loan borrower dies, the vehicle loan does not automatically disappear. The lender still expects repayment of the outstanding amount, and the fate of the car depends on the loan agreement, whether a guarantor or co-applicant exists, and the actions taken by the … Read more
Loading video… Unable to load video. Please try again. Retry Yes, you can sell a financed car before completing the loan, but you cannot transfer full ownership until the lender’s interest in the vehicle is cleared. In India, most banks and non-banking financial companies hold the car as collateral until the loan is fully repaid. … Read more
Loading video… Unable to load video. Please try again. Retry Paying off a car loan in India is an important milestone, but the paperwork does not always end with the final EMI. Many borrowers receive a No Objection Certificate (NOC) from their lender only to find that hypothecation still appears on the Registration Certificate (RC). … Read more
Loading video… Unable to load video. Please try again. Retry Comparing two car finance offers looks simple until you notice that one has a lower interest rate but higher upfront charges. The right choice depends on the total cost of credit, not just the monthly Equated Monthly Instalment (EMI). This article explains how Indian borrowers … Read more
Loading video… Unable to load video. Please try again. Retry Foreclosing a car loan means repaying the outstanding principal and interest before the original loan term ends. Borrowers often consider this after 12 months to reduce interest costs, remove the lien on the vehicle, or improve monthly cash flow. Whether foreclosure is allowed after one … Read more
Loading video… Unable to load video. Please try again. Retry A car loan helps many Indians buy a vehicle without paying the full price upfront. However, borrowers often notice that the outstanding loan amount reduces very slowly in the initial months, even after paying several EMIs. Understanding why this happens can help you plan repayments … Read more
Loading video… Unable to load video. Please try again. Retry Paying two car EMIs in one month can reduce your total interest cost and shorten your loan tenure, but only if your lender treats the extra payment as principal prepayment rather than an advance payment for future months. The exact benefit depends on your loan … Read more
Loading video… Unable to load video. Please try again. Retry Applying for a car loan in India typically involves paying a processing fee upfront. If your application is later rejected, you may wonder whether that fee can be refunded. The short answer is that it depends on the lender’s policy and whether any loan sanction … Read more