What is the maximum limit one can borrow in terms of a car loan?

It entirely depends on your repayment ability and financial status. If you are seeking a secured loan then the collateral determines your loan amount to an extent.

What is the repayment period offered for car loans?

Generally the repayment term is provided up to 7 years. But Cheap Car Loans can help you to extend this repayment term according to your need and situation.

How long it takes for a car loan to be granted?

24 hours or less than that also. Actually the time period depends upon how quickly you are supplying us the requisite documents and credentials to verify before granting a loan.

Are the bad credit holders eligible to get a cheap car loan?

Yes of course! Bankruptcy, CCJs, arrears, late payment, default or any sort of bad credit is eligible to get a cheap car loan.

Are my personal financial details provided in the application form safe?

Your personal financial data is kept absolutely confidential. We follow all the standard norms and regulations of the market to save our customer’s personal information from illegal access.

Am I bound to buy a particular kind of vehicle with the car loan?

You have the liberty to choose any kind of vehicle. New or used, we don’t interfere in your personal choice. You can use the loan to buy a truck or a bus or a car or an auto rickshaw or motor bikes.

Is down payment compulsory in car loans?

Though the down payment is not compulsory but it makes you borrow a lesser amount at cheaper rate. But if your circumstances don’t permit for a down payment then, Cheap Car Loan is here for you to get a car loan at affordable rates.