Vehicle Loans

A Vehicle Loan is a loan that allows one to vehicles for personal or commercial use. We as the lender loans the money (making a direct payment to the dealer on the buyer’s behalf) while the buyer must repay the loan in Equated Monthly Instalments (EMIs) over a specific tenure at a specific interest rate. The EMI comprises a portion of the principal amount and the interest component. Once the repayment of the loan in full, the lender transfers the vehicle registration in that person’s name.