Loading video… Unable to load video. Please try again. Retry Yes, it is possible to get car finance in India even if you are already repaying multiple loans, but your approval depends largely on your income, repayment track record, and existing monthly obligations. Lenders assess whether you can comfortably afford another equated monthly instalment (EMI) … Read more
Loading video… Unable to load video. Please try again. Retry Getting your first car loan without a credit history can seem difficult, but Indian lenders do offer options for first-time borrowers. Without a credit score, lenders assess your income, employment stability, existing financial obligations, and the down payment you can provide. This guide explains what … Read more
Getting a car loan with only three months of job experience is possible, but it can be more challenging than applying after one or two years of employment. Most banks and non-banking financial companies in India prefer borrowers with stable income and longer employment history. However, some lenders may consider applications from new employees if … Read more
Loading video… Unable to load video. Please try again. Retry Getting a car loan without a salary slip can be challenging for self-employed professionals in India. Since banks typically rely on monthly pay slips to verify income, self-employed applicants must prove repayment capacity through alternative documents such as income tax returns, bank statements, and business … Read more
Loading video… Unable to load video. Please try again. Retry A CIBIL score of 650 is generally considered fair, and it is possible to get a car loan in India with this score. However, borrowers may face tighter eligibility checks, higher interest rates, or additional requirements compared to applicants with a higher credit score. Approval … Read more
Loading video… Unable to load video. Please try again. Retry Getting a car loan can become stressful when the lender charges an unexpected fee, delays disbursement, or fails to update your repayment records. A clear complaint letter is often the fastest way to put your issue on record and ask for a resolution. This article … Read more
Loading video… Unable to load video. Please try again. Retry Closing a car loan should bring finality. If your lender debits an equated monthly instalment after the loan closure date, you need to act quickly to protect your money and your credit record. This guide explains why extra EMIs can be deducted after closure and … Read more
Loading video… Unable to load video. Please try again. Retry A car loan account statement is a periodic record of your outstanding balance, repayment schedule, interest component, and any charges applied to the loan. Downloading and checking this statement regularly helps you verify equated monthly instalments, track prepayments, and maintain accurate personal finance records. Most … Read more
Loading video… Unable to load video. Please try again. Retry Finding a different car loan interest rate than expected can increase your monthly equated monthly instalment and total repayment cost. Whether you are reviewing a new agreement or checking an existing loan, the first step is to confirm what your signed documents actually say. This … Read more
Loading video… Unable to load video. Please try again. Retry Your CIBIL score is one of the most important indicators lenders use to assess creditworthiness. While a higher score clearly helps when applying for a new car loan, many borrowers wonder whether it can also help them renegotiate the interest rate on an existing loan. … Read more