Repaying a car loan
Car Loan Basics
Repaying a car loan
One of the first things you need to look at while taking a car loan is the monthly installment, popularly known as the Equated monthly installment (EMI).
Archive for the 'Car Loans' Category
Insuring your new car
Car Loan Basics
Insuring your new car
Insurance amount: The amount of insurance is equal to the market value of the vehicle and not the original purchase price or book value of the vehicle.
Registering a new car at the RTO
Car Loan Basics
Registering a new car at the RTO
When you buy a new car, you have to register it with the Regional Transport Office (RTO). Remember that despite taking a loan from a bank,
Final touches to the deal
Car Loan Basics
Final touches to the deal
You are happy now – the technical details as well as the documentation for buying that second hand car is done and dusted. It is not over, though; now comes the hardest part – negotiation.
Car purchase finance options
Car Loan Basics
Car purchase finance options
Financing a car purchase has become rather easy these days. In recent years, a whole lot of financing options have emerged for the potential car buyer. Here we list a few options.
Old or a new Car?
Car Loan Basics
Old car or new?
This is totally dependent on your mentality. And of course, there is a price differential. So, it is better that you identify your needs first and then take a call on the one that suits your purposes.
Document checklist
Car Loan Basics
(A) Document checklist for a new car
Car loans require very few documents when compared to other types of loans. They can be classified into three categories: documents supporting your identity, your residence, and your income.
Charges before and after a car loan disbursement
Car Loan Basics
Charges before and after a car loan disbursement
Very often we fail to read the fine print in a loan document. The real cost of your car loan is visible only when you factor in numerous other charges levied.
Car Loan: Application Process
Car Loan Basics
Car Loan: Application Process
Once you have zeroed in on the car that you want to purchase, the next step is to apply for a car loan. There is a lot less paperwork involved than a home loan
Car loan or Car overdraft
Car Loan Basics
Car loan or Car overdraft
The car overdraft or the overdraft against car is essentially a secured loan like a home mortgage loan. It allows you to take a loan on your existing car, by pledging the car registration papers with the lender.