admin Loading video… Unable to load video. Please try again. Retry Missing a car loan EMI because your bank account had insufficient balance can trigger immediate charges, affect your credit history, and complicate future borrowing. This article explains what typically happens next, how lenders in India usually respond, and what steps you can take to manage … Read more
Loading video… Unable to load video. Please try again. Retry Choosing between a flat interest rate and a reducing balance rate is one of the most important decisions when taking a car loan in India. Although both figures are expressed as percentages per year, they calculate interest differently and can change your total repayment by … Read more
Loading video… Unable to load video. Please try again. Retry Prepaying part of a car loan reduces the outstanding principal and can lower the total interest payable over the remaining tenure. The actual saving depends on your interest rate, remaining loan tenure, prepayment charges, and how your lender applies the payment. This article explains how … Read more
Loading video… Unable to load video. Please try again. Retry Changing the EMI date of a car loan can help borrowers align repayments with their salary cycle or monthly income. Not every Indian lender allows this, and those that do may impose conditions and charges. This article explains when a car loan EMI date change … Read more
Loading video… Unable to load video. Please try again. Retry Buying a car in India often involves financing through an Equated Monthly Instalment, commonly called an EMI. Online EMI calculators provide a quick estimate, but the actual EMI in your loan agreement can be higher. This article explains the common reasons for the difference and … Read more
Loading video… Unable to load video. Please try again. Retry Yes. You can generally finance a discontinued car model in India, provided the vehicle meets the lender’s eligibility criteria. Banks and non-banking financial companies assess the car’s age, condition, resale value, and documentation before approving a loan. A discontinued model simply means the manufacturer has … Read more
Loading video… Unable to load video. Please try again. Retry Financing a high mileage used car is possible in India, but it differs from buying a newer vehicle. Lenders assess the car’s age, kilometres driven, service history, and resale value before approving a loan. Borrowers should understand the eligibility criteria, documentation, and costs involved before … Read more
Loading video… Unable to load video. Please try again. Retry Self-employed professionals and small business owners often face challenges when applying for credit without GST registration. However, the absence of a GST number does not automatically prevent approval for a second hand car loan. Many lenders assess income stability, bank statements, credit history, and repayment … Read more
Loading video… Unable to load video. Please try again. Retry Buying a used car in India often involves arranging a loan, but outstanding liabilities on the vehicle can complicate the process. One common concern is whether a lender will finance a car when the previous owner has pending road tax. The short answer is that … Read more
Loading video… Unable to load video. Please try again. Retry Buying a pre-owned car registered in another Indian state is common, but financing it requires extra steps. A used car loan for inter-state vehicles involves transfer of registration, additional documentation, and lender-specific conditions that borrowers should understand before applying. How an Inter-State Used Car Loan … Read more