Car Loan

On auto loans, you can get a 100% on-road price for select models of cars under conditions provided by various lenders. Likewise, you get up to 100% of financing with a bike loan without offering collateral on the loan amount. However, most lenders will offer you a loan of up to 80% to 90% of the vehicle’s(any) value with a 10% to 20% down payment.

Of course. You can buy a car with cash alone. However, the size of the car, income, and other aspects are taken into account when purchasing a car. With falling loan rates, you can turn your investment into an advantage by purchasing a loan with a reputed financier.

All over the world, including in India, it is required by law to have your car insured, not an option. The Motor Vehicle Act of 1988 makes it mandatory for all vehicles to be insured before they can be driven on the road.

Most banks consider the vehicle itself as collateral for the loan amount sanctioned by the lender. But, with a good credit score, documents, repayment history, and a sufficient downpayment, you can get a loan without offering collateral or security on behalf of the loan obtained.

Yes, you can as long as the loan borrowed is a finance and not a lease. However, you might have only two ways to do this if you wish so. The car loan can be transferred to the new owner of the car under certain conditions provided by the bank or be cleared with the amount obtained from selling the car. 

Talking to the bank or the lender before selling the car will steer you clear of legal issues that may arise in the future. There are several ways you can do this, but legal and financial safety is a priority.

Charges such as foreclosures, prepayments, processing, etc can be applied by banks if not checked before the contract. Check with our financial experts about your rights and what our partners have to offer to you to lift those fees off your shoulders. Avoid penalties and hidden charges with Loanz360.

RC transfer and hypothecation will be taken care of by Loanz360. Our RTA agents will ensure the process is smooth and thorough without long commutes or extended phone calls made to the officials to get it done.

We offer options for those who have a car on rent or are looking for an affordable car but don’t want to be weighed down by high credit score preferential treatment. Loanz360 has connections with leading banks and financial institutions that go beyond just looking at credit scores.

Generally, the bank or the lender will need some documents from you to process your loan. These documents will help us verify your identity and income. Please visit the documentation section above to see a list of the required documents. 

However, we DO NOT store any of your personal information in any state or form. Loanz360 marketplace only works towards providing a secure experience for investors in every way possible.

We have partnerships with India’s leading financiers such as Bank Of Baroda, HDFC, IDFC, IOB, IndusInd, Kotak, Axis, Tata Capital, Muthoot LTD, Bajaj Finance, Shriram Finance, as well as several private sector banks, captive lenders, NBFCs, and other well-known financial institutions. With a wide assortment of choices in each category and the lowest auto loan rates for your vehicle loan to save a lot of money and time.

Find the contact information on our website and get in touch with our representative to schedule a call or mail us at contact@loanz360.com for any additional information. Avail of the lowest auto loan rates by booking today!

If you have a satisfactory credit score and still your application is rejected, pending or inaccurate paperwork might be the reason for your car loan getting rejected. But if you are concerned that your credit score or economic instability might be a factor in your loan application, it is advisable to schedule a call with our representative at Loanz360. We will be able to advise you on different lenders that may be more suitable to your requirements and have a better understanding of your economic background.

No. The security for an auto loan is your vehicle itself. No guarantor or additional security is required to avail of the loan. But if you are unable to meet one or more requirements stated by the lender, you might benefit from bringing a guarantor with you. However, some banks do provide a LAP (Loan against property) for an existing vehicle owned by you(If applicable).

Yes, in some cases students may be able to get a loan by finding a co-applicant, such as a parent, guardian, or close relative, to guarantee payment on their behalf. Although it’s important to keep in mind that not all lenders offer loans to students or individuals with no Income, with Loanz360 we make it possible.

Most lenders offer a loan of up to 90% value of the car. However, a down payment of anywhere between 10% to 20% is considered desirable.