Also known as the “acceleration covenant” the Acceleration Clause in any car loan is a vital element that must be read and understood categorically by the borrower at the time of signing the loan agreement. Most of the car loan customers in the country are quite unaware of this clause and hence land up in… Read More »
The car loan is a popular tool for owning a dream four wheeler which is being adopted by thousands of Indians who qualify the basic income eligibility criteria. This is pretty simple and easy to avail loan wherein the financier pays for the majority amount of the value of the car and the buyer needs… Read More »
The popularity of used cars has increased significantly over the past few years and has in fact exceeded the number of new cars being bought every year. Since the car is an ever depreciating asset many people find it financially sound to go for a used one rather than invest in a new one. In… Read More »
There are various types of car loans on offer in the markets as financiers compete against each other in attracting more number of customers. The customer has the option of selecting a customized car loan that suits his specific requirements of amount, interest rate, tenure and EMI. The financiers are coming up with many innovative… Read More »
With boom in the economy of the country there is increased activity in kinds of corporate houses. This has led to a sharp rise in the requirement of vehicle by the corporate which have now adopted a new scheme called car leasing. It is estimated that annually about 6 Lakhs cars financed every year are… Read More »
An overwhelming majority of all car purchases in India is through car loans that are easily available from various banks and other financing institutions. Despite the widespread usage of the car loan facility for buying new as well as used cars the interest rates are still quite high in India as compared to other places.… Read More »
Customers are often bombarded with various special offers of rate cuts by banks and discounts by the dealers during festival seasons to woo them into making the purchase with a car loan. However the offers are not as simple and beneficial as they appear prima facie. In order to derive meaningful benefits from these offers… Read More »
There are several types of unsecured loans available in the market which a person can opt for when in dire requirement of money. However before availing any of the unsecured loans one needs to understand the intricacies involved and the pitfalls that must be guarded against in such loans.
Getting a car loan is not supposed to be a Herculean task where the customer runs from pillar to post trying to negotiate a good deal and securing approval of the financing company. For people who have a good credit record getting a car loan can be a smooth, hassle free and quick process. There… Read More »
Car loans are rapidly becoming the most preferred means of buying a car whether new or use. In order to tap into this huge customer base the banks and other financing institutions are offering several concessions in car loans with more and more relaxed terms for eligibility of car loan customers. The loans are also… Read More »