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
Loading video… Unable to load video. Please try again. Retry When a car bought on loan is stolen, the borrower remains responsible for the outstanding loan until the insurance claim and lender formalities are settled. This article explains what typically happens to a car loan after vehicle theft in India, the steps a borrower should … Read more
Loading video… Unable to load video. Please try again. Retry When a car loan borrower dies, the auto loan does not automatically get cancelled. The outstanding balance remains payable, and the vehicle continues to serve as security for the loan. How the debt is handled depends on whether a co-applicant exists, whether a loan protection … Read more
Loading video… Unable to load video. Please try again. Retry Yes. In India, the registered owner of a car and the borrower of the car loan can be different people, but this arrangement is not accepted by every lender and creates legal and practical complexities that both parties should understand before applying. How ownership and … Read more
Loading video… Unable to load video. Please try again. Retry Yes, a car loan can be transferred to another person in India, but the process is not automatic. Most banks and NBFCs treat this as a loan assumption or transfer of ownership and credit liability. The new borrower must meet the lender’s eligibility criteria, and … Read more
Loading video… Unable to load video. Please try again. Retry Buying an electric car in India often starts with comparing the monthly EMI, but the total cost of ownership includes several expenses beyond the loan instalment. Insurance, charging infrastructure, battery maintenance, and registration can add up quickly. Understanding these additional costs helps you set a … Read more
Yes, you can finance an electric car bought for commercial purposes in India. Banks and non-banking financial companies offer EV loans to self-employed individuals, fleet owners, and small businesses. Approval, interest rate, and loan terms depend on the vehicle, the borrower’s credit profile, and the intended commercial use. Who can apply Lenders typically consider applications … Read more
Buying an electric vehicle with a loan means managing two different timelines: the EV battery warranty and the car loan tenure. If the warranty ends before the loan is fully repaid, the borrower may still be paying EMIs while facing the risk of expensive battery replacement. Understanding how these periods align can help Indian buyers … Read more
Electric and hybrid vehicles are becoming more common on Indian roads. To support this shift, several banks and non-banking financial companies offer green car loans, sometimes at lower interest rates than standard auto loans. However, a lower headline rate does not always mean the cheapest option. Processing fees, prepayment charges, loan tenure, and eligibility conditions … Read more
Loading video… Unable to load video. Please try again. Retry Choosing between an electric car and a petrol car is no longer just about fuel type. For Indian buyers financing their purchase through a car loan, the monthly EMI, running cost, and long-term ownership expense play a major role. This article compares electric and petrol … Read more