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Introduction For those in India who have car loans, EMI payments can sometimes appear overwhelming,
Frequently asked Questions
Yes, car loan refinancing is possible. If interest rates have decreased or your credit score has improved, refinancing could help you secure a better interest rate and potentially lower monthly payments.
The approval process varies among lenders. Some may offer quick approvals within a few hours, while others may take a few days to process your application.
When selecting a car loan, consider factors such as the interest rate, loan term, monthly payments, and any additional fees. It’s essential to choose a loan that fits your budget and financial goals.
The required down payment varies depending on the lender and the price of the vehicle. In general, a higher down payment can lead to more favorable loan terms.