Vehicle loans, also known as auto loans or car loans, are a type of secured loan used specifically to purchase a vehicle.

Purpose:- The primary purpose of a vehicle loan is to finance the purchase of a new or used vehicle, such as a car, motorcycle or other type of vehicle like SRTO.

Loan Amount:- The loan amount for a vehicle loan typically covers the purchase price of the vehicle less any down payment made by the borrower. A down payment is often required to minimize the loan amount and risk.

Loan Term:- The repayment term for a vehicle loan typically ranges upto 7 years, although this can vary depending on the lender and the specific terms agreed.

EMI (Equated Monthly Installments):- Repayments are structured as monthly installments, which include both principal and interest components. Borrowers can choose the EMI schedule as per their budget and financial capacity.

Documentation:- To apply for a vehicle loan, borrowers are required to provide documents such as identity proof, address proof, income proof (such as salary slips or tax returns), employment details and details of the vehicle being purchased.

1. Two wheeler           

2. Four Wheeler Loan