What are the standard auto car loan terms?
Auto car loans have standards say three to five years. If the car is new and cost upto 15 thousand dollars the terms can be extended to six years.
How much can I borrow for a car loan?
Amount taken for car loan depends on your monthly income, your credit history, etc. Generally you can borrow high percentage of the valuation of the car as a loan which you want to borrow.
How much time will it take for my loan to be approved?
It is approved within 24 hours of submission of complete documentation.
Who can be the co-applicants for the loan?
Your spouse or any blood relative staying in the same residence can be a co-applicant.
What collateral do I have to provide?
No collateral needs to be provided, except the car against which the loan is granted.
How do I repay the loan?
Repayment is done either by providing post dated cheque or cash is directly withdrawn from your account on the due date.