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Loans FAQs

Explore various loan options with our detailed FAQs. Access clear, concise information to choose the most suitable financing solutions for your needs.

There are some major differences between new and used auto loans in terms of the rates, amounts, term and approval process.
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Assuming you've taken a used car loan, are you thinking about paying off that loan either partially or in full before the due date?
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For a salaried person, often, they must be around 21 years old to apply for a used vehicle loan.
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When you want to borrow money in India to finance a used car the amount you are eligible to borrow depends on several practical factors.
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The maximum loan term for used car loans is of 7 years or 84 months.
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Seasonal businesses that operate in any sector, be a part of tourism, agriculture, or holiday retailing businesses, will experience variations in revenue that a seasonal business will go through, and these seasonal low periods can make meeting loan repayments difficult.
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In general checking eligibility for a used car loan is quite easy. Most lenders offer an online way to check your eligibility with an eligibility calculator.
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