The interest rates are generally low and you can choose your repayment tenure, which can last up to seven years.
The cool thing about getting a Car Loan is that you don’t have to provide any collateral to get the loan. The bank will consider the car you buy as security.
We’re pretty sure you’ve thought about heading out on road trips with your friends or family multiple times but you just haven’t had the means to do it. Well, you can put certainly put paid to that with a Car Loan.
You’ll save money in the long run by getting a car of your own, especially if you depend on cabs or autos to commute every day.
And last but certainly not the least, by taking out a Car Loan and making monthly repayments consistently on time every time, you’ll see your Credit Score shoot up before you know it. This can be especially beneficial if you have a low to moderate Credit Score and are looking to ramp it up.
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