What is a Good LTV (Loan to Value) Ratio for a Car Loan?
Posted on Saturday, December 14th, 2024 |
Summary: A car loan LTV (Loan-to-Value) ratio indicates the percentage of the car’s value that the bank is willing to finance versus the amount you need to pay as a down payment. The higher the LTV ratio, the lower your down payment. IndusInd Bank offers car loans of up to 100% of the car’s value,…
Read more5 Reasons Your Car Loan Application Was Rejected
Posted on Thursday, July 1st, 2021 |
Do you wish to buy a new vehicle but have been denied a car loan? Don’t feel disheartened! Read about these 5 possible rejection reasons to figure out the mistakes you could have avoided. Top 5 Reasons Why Your Car Loan Application Was Rejected Remember, you can apply for car loan quickly after rectifying the…
Read moreFactors to Consider While Applying Car Loan Online
Posted on Tuesday, June 15th, 2021 |
Eligibility While we apply for a car loan, there are certain eligibility conditions which needs to be fulfilled including age, salary requirements, employment type and a place of residence. Following are the primary documents that are required to be submitted online or in person: i) Identity proof like Permanent Account Number (PAN) Card, passport, driver’s…
Read moreNew Car Loan vs Old Car Loan: Here’s the Difference
Posted on Monday, June 7th, 2021 |
If you’re thinking of purchasing a vehicle, you may have considered choosing between a new car and a used car. While a new car is going to be higher on performance, an old car may be more value for money. So, there is a good chance that buying a second-hand car can be an equally…
Read moreDo’s and Don’ts in Car Loan Application
Posted on Friday, May 7th, 2021 |
Buying a car is not an easy choice. If you have already considered buying a new car, there’s no going back. The rule is straightforward here, you need to do your research and go for a car loan application that’s not only easy, but also flexible for you. Loans can be immensely useful in meeting…
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