Car Loan:
Any finance availed for the purchase of buying a brand new or a used car is defined as Car Loan. Car loan, also known as Vehicle Loan or Car Finance is one the most complex loan product in India because the car dealers tend to mix together various cash discounts offered by the manufacturers or car financiers in the interest rate offered to the buyer. Due to such things, the chances are that the borrower may not get the best deal on car loan.
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