Vehicle loans make buying two-wheelers and cars affordable through easy EMIs.
What is a Vehicle Loan?
A vehicle loan is a secured loan where the vehicle itself is collateral.
Features:
- Up to 90% financing
- Tenure up to 7 years
- Competitive interest rates
Benefits:
- Immediate ownership
- Improves credit score with timely payments
Tips:
- Make a higher down payment
- Avoid long tenure for depreciating assets
Vehicle loans should be taken wisely to avoid paying excessive interest on depreciating assets.
