Vehicle loan is a loan that person takes out in order to purchase a motor vehicle. Vehicle loans are typically structured as installment loans and are secured by the value of vehicle being purchased.Vehicle Loan is available for purchase of two wheelers, three wheelers, four wheelers and for Commercial vehicles and also for purchase of two years old car with good condition.
- Higher Vehicle loan amount availability.
- Low processing time.
- Accountability of transactions.
- Tough repayment timeline.
- Lower rate of interest for loan.