Loading video… Unable to load video. Please try again. Retry Banks assess commission-based employees differently from salaried borrowers because incentive pay can vary month to month. Lenders need proof that this income is regular and sustainable before approving a home loan, personal loan, or credit card. This article explains how Indian banks typically verify commission … Read more
Loading video… Unable to load video. Please try again. Retry Contract employees in India can apply for a car loan without a permanent job, but lenders assess income stability, repayment capacity, and documentation differently than they do for salaried or self-employed borrowers. Approval depends on the lender’s policy, the applicant’s contract history, and supporting financial … Read more
Loading video… Unable to load video. Please try again. Retry Yes, it is possible to apply for car finance with only six months of bank statements, but approval depends on several factors beyond bank statements alone. Most Indian lenders ask for six months of salary or savings account statements to assess income regularity, repayment capacity, … Read more
Loading video… Unable to load video. Please try again. Retry Lenders assess car loan eligibility based on your repayment capacity, credit profile, and existing obligations. If your monthly salary varies because of commissions, incentives, freelance work, or overtime, banks and NBFCs usually look at your average income over a period rather than a single month’s … Read more
Loading video… Unable to load video. Please try again. Retry Yes, you can apply for a car loan while serving your notice period, but approval depends on how lenders assess your employment stability and income. Banks and NBFCs in India generally prefer borrowers with a confirmed job and steady salary, so being in the notice … Read more
Loading video… Unable to load video. Please try again. Retry Refinancing a car loan can help Indian borrowers reduce their monthly outflow or secure a lower interest rate. However, when the vehicle still carries an existing hypothecation, the process involves additional steps because the original lender holds a legal interest in the vehicle until the … Read more
Loading video… Unable to load video. Please try again. Retry Availing a car loan in India can bring relief when purchasing a vehicle, but loan disbursement does not always match vehicle delivery. If your lender has disbursed the loan amount while the dealership is yet to hand over the car, you may still be responsible … Read more
Loading video… Unable to load video. Please try again. Retry A car loan sanction is not always final until the lender completes its own checks. This article explains whether a car loan can be rejected after you pay the dealer booking amount, what commonly causes rejection, and what Indian buyers can do to protect themselves. … Read more
Loading video… Unable to load video. Please try again. Retry Car theft is stressful enough without adding uncertainty about an outstanding loan. If your financed vehicle is stolen, your obligation to repay the lender does not automatically disappear. What happens next depends on your insurance policy, the loan agreement, and how quickly you report the … Read more
Loading video… Unable to load video. Please try again. Retry Getting car loan sanction is a major step in the vehicle purchase process. However, buyers sometimes want to switch to a different model or variant before final delivery. Whether this is possible depends largely on the lender, the type of sanction, and how far the … Read more