Auto Loan
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What is the meaning of auto loan?
In direct lending, you get a loan directly from a bank, finance company, or credit union. You agree to pay, over a period of time, the amount financed, plus a finance charge. Once you enter into a contract with a dealership to buy a vehicle, you use the loan from the direct lender to pay for the vehicle.
What do you need to get a loan for a car?
Here's what you'll need to qualify:
- Proof of income. In order to qualify for a car loan, you'll need to prove that you have a steady source of income. ...
- Proof of insurance. ...
- Proof of identity. ...
- Proof of residence. ...
- Trade-in documentation (if applicable). ...
- See what kind of interest rates you can get
What you need to know about financing a car?
Here's what I recommend:
- Understand your credit score before you go to the dealership.
- If your credit isn't perfect, get financing quotes before you go.
- Keep the term as short as you can afford.
- Put 20 percent down.
- Pay for taxes, fees, and “extras” with cash.
- When to refinance a car loan.
Can you get financing for a used car?
It is easier to get a used car loan if you are buying from a dealer. It doesn't matter if it is a dedicated used car dealership or a dealer that has a used car department. Banks see less risk in this type of lending. Therefore, you will have more options when financing a used car.
Can you get a loan for a car without a job?
When trying to go for car financing without a job it will need a down payment. ... Some lenders will require a down payment of 30% or more before granting a loan to some one who is unemployed however. So be prepared to pay a little more for the down payment if you do not have a job or a regular source of income.
List of auto loan providers bank in India
- Abu Dhabi Commercial Bank
- Bank Bank Of Baroda
- Barclays Bank
- Allahabad Bank
- Bank Of India
- Canara Bank
- Bajaj Finserv
- Bank Of Maharashtra
- Catholic Bank Syrian Bank
- Central Bank Of India
- Corporation Bank
- Deutsche Bank
- Chinatrust Commercial Bank
- DBS Bank
- Development Credit Bank
- City Union Bank
- Dcb Bank
- Dhanalakshmi Bank
- Exim Bank
- IDBI Bank
- IOB
- Ge Bank Money
- Indian Bank
- Jammu Kashmir Bank
- Hsbc Bank
- Indusind Bank
- Karnataka Bank
- Karur Vysya Bank
- Nainital Bank
- Punjab National Bank
- Kotak Bank
- Oriental Bank
- Ratnakar Bank
- Lakshmi Vilas Bank
- Punjab And Sind Bank
- Reliance
- Royal Bank Of Scotland
- South Indian Bank
- State Bank Of Mysore
- SBI
- State Bank Of Bikaner Jaipur
- State Bank Of Patiala
- Sidbi
- State Bank Of Hyderabad
- State Bank Of Travancore
- PNB
- Saraswat Bank
- Cosmos Bank
- Syndicate Bank
- Union Bank
- Yes Bank
- Tamilnad Mercantile Bank
- United Bank
- Axis Bank
- Uco Bank
- Vijaya Bank
- Federal Bank
- HDFC Bank
- Andhra Bank
- Magma
- ICICI Bank
- Dena Bank
- L&T Finance
Auto Finance Companies
- Audi Finance
- L-And-T Finance
- Renault Finance
- Cholamandalam Finance
- Mahindra Finance
- Skoda Finance
- Ford Finance
- Maruti Finance
- Shriram Finance
- Sundaram-Car Finance
- Toyota Finance
- Volkswagen Finance
- Tata Financ
Used Car Loan Banks
- SBI
- Bank of Baroda
- Canara Bank
- Allahabad Bank
- Bank of India
- Central Bank of India
- Andhra Bank
- Bank of Maharashtra
- Dhanalakshmi Bank
- Federal Bank
- Karur Vysya Bank
- Nainital Bank
- Jammu and Kashmir Bank
- Kotak Mahindra Bank
- Oriental Bank of Commerce
- Karnataka Bank
- Magma
- PNB
- State Bank of Mysore
- TamilNad Mercantile Bank
- Vijaya Bank
- State Bank of Patiala
- Union Bank of India
- HDFC
- Syndicate Bank
- UCO Bank
- ICICI
- Axis Bank
- Dena Bank
- State Bank of Hyderabad
- TVS
- Lakshmi Vilas Bank
- State Bank of Travancore
- IndusInd Bank
- State Bank of Bikaner and Jaipur
- United Bank of India
- Capital First
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