Car Loan: Process: Overview
With comparatively lesser paperwork and minimal verification from the bank, it takes about three to six days to get a car loan -a lot less time than a home loan. Here is a step-by-step break-up of the car loan application process:
- Enquiry with a lender (Interest Rate, EMI, ),
- Documents,
- Field investigation agency representative visit,
- Loan approval.
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A maximum of 5 providers will compete to give you the best rates (May 2012)
Car Loans of over Rs. 860.76 crores applied for in 2012 (Last Updated on 21 May 2012 8:49 PM)
Car Loan: Process: Opinion
Decision-making Corner
- Car Loan Comparator
- Car Loan Interest Rates
- EMI Calculator
- Car Loan Interest Rate Calculator