A personal loan can be made secured against something of value, or more commonly, unsecured. A car loan is considered secured against the car you intend to purchase, which means the vehicle serves as collateral for the loan.
- What checks are done for car finance?
- Proof of identity and personal details
- Driver’s license
- Address and address historys
- Proof of income
- Credit score
- Employment details and history
- How long does it take for car finance to be approved?
- How to get the best car finance deals
Car Finance applications can get paid out the same day, they can be really really quickly if there are no strange problems with the application, however, if you have poor credit you may be required to upload bank statements and also driving licenses to the brokers. This can take time.
In Only Desi, you will find the best car loan, provider. There are a number of car loan providers and dealers who will help you to get a car loan at an affordable rate of interest.
That entirely depends on the value of your car.
