Features & Benefits
What is Car Loan?
A car loan is secured against the vehicle you want to buy, therefore the vehicle acts as collateral for the loan. The lender has the right to take your vehicle if you default on your payments.
Throughout the loan, the debt is paid off in fixed installments. The lender keeps possession of the asset until you complete the last payment, similar to a mortgage.
Because the lender has financial control over the automobile (it’s a secured loan), the debt is considered a smaller risk, resulting in a cheaper interest rate for the borrower.
How to Apply for Personal Loan
Download from Play Store
Just download & install the application from Google Play Store
Register on the Platform
Fill up your work and personal details in the application.
Upload the required documents
Upload a few required documents for identity verification.
Choose from the Loan Options
Choose from the list of loan options provided to you.
Apply for Loan
Apply for your desired loan.
Receive Funds in Bank
The loan amount will be sent to your bank account within few hours.
A car loan is a type of loan that allows you to borrow money for a variety of purposes. . There are many reputable and trustworthy loan companies that offer car loans online such as SmartCoin Financials Private Limited.
When you take out an online car loan, you are given a certain sum of money at a fixed interest rate and can repay it for a set period of time, much as every other loan. However, there are a few features of a car loan that can make it more beneficial than other types of loans, such as:
It does not bind the applicant’s properties in any way. Car Loans, unlike Home or personal Loans, which are secured by the asset against which the loan is sought, offer cash advances for your needs without including any collateral.
If you need a large amount of money for personal reasons, you can take out a car loan. It can be for a medical/social emergency, lifestyle needs like home repairs/renovation, or even to consolidate current debts.
Car Loan Interest Rates
At SmartCoin, we bring you the best car loan rates based on your individual and financial profile as well as your requirements. You can avail of loans up to 1,00,000 to meet your financial needs. We value your expectations and budget, that’s why we will quote a suitable rate of interest that you can afford.
Please do note that the exact interest rate applicable to you would also depend on the loan tenure you select and the loan amount requested.