Your desire of experiencing the ultimate dream on THOSE FOUR WHEELS has now become economical and easy. Car loans are the best way to acquire a new car as per your ambition. You can even buy a second-hand car by availing loans from banks or non-banking finance companies (NBFCs). However, there are some banks that charge a higher rate of interest on loans for second-hand cars. For getting the best deals on car loans, you can have a look at Afinoz.com. We've made it possible for you to apply for a quick approval of car loan where you only have to fill in our easy-to-follow two-minute application form online.
In order to be eligible for a home loan in India, the individual must fulfill certain eligibility criteria.
Avail better car:
A car loan helps you purchase a better car than the one available in your budget. While this might not be a rule, it holds true for a majority of car purchasers in India.
Save Income Tax:
To buy a car you need lakhs in your pockets. However, if you buy a car with a loan, not only you can save some income tax, but can also get loans at very attractive rates...more
This approach is more reliable than borrowing money from pawnbrokers.
Negotiate the Loan Amount:
Usually, banks sanction 80% to 90 % of the on-road price of a car. You can even ...more
Flexible pre-payment choices:
Pay-off your loan early and give less interest.
Under car loan financing, a car loan is secured against the car itself, so there is no need for collateral or any other assets to get a car loan.
Improve Credit Score:
If you make your payments timely then you could be in the process of rebuilding your credit score for a better life.
Car loan eligibility or car loan interest rates:
It can be easily assessed with Afinoz. If there is any query about car loan application,...more