Loan Details

An auto loan is a loan taken out in order to purchase a motor vehicle.They are typically structured as installment loans and are secured by the value of car,truck,suv or two wheelers being purchased.

Your repayment capacity is based on your monthly disposable/surplus income, which, in turn, is based on factors such as total monthly income/surplus less monthly expenses, and other factors like spouse's income, assets, liabilities, stability of income, etc.

A vehicle loan is simply a loan offered to a borrower for the purpose of buying a residential property, usually to be used as the borrower’s home or as an investment property.