Car Loans
Car is now no more a luxury item but it became the essential part of many of Indian Families. In India Car Density is 3% to its population ration. This ratio has increased by 1% in just last 5 years.
Due to easy availability and processing 80% of car buyers buys cars on Loan. Car loans popularly known as vehicle loans are secured loans and can be avail in 2 to 3 working days, in some cases where the credit score is high it can be availed within 1 Day.
Most of the nationalised banks, Private Banks, and NBFC’s do fund car loans. Approx. Average car loan rate of Interest is 8.50% to 13%
At 4way Enterprise we helps you to avail Car Loans Nationalise Banks Like State bank of India, Bank Of Baroda, Punjab National Bank, Bank of Maharashtra, Bank Of India and May more. Private Banks Disburses 60% of car loans of our portfolio, We help to get approval of Car loan from Private banks. Some of the key banks funding on new cars are ICICI Bank, HDFC bank, Kotak Bank, Axis bank etc.
We have very good disbursement ratio in Car Loans from NBFc’s As well. We work with NBFC’s Like Tata Finance, Mahindara finance, Shree Ram Finance, HDB Finance, Fullerton Finance, Edelweiss Finance, Aditya Birla Finance etc.
CAR Loan Top-up
One can avail addition fund on the car, if he or she has active car loan with clear repayment history and the valuation of the car. These are call Car loan Top up loans. Mostly all Private bank finances in Car top loans to their existing customers of Car loan and they do Balance Transfer to Other Banks car loans customer as well.
Finance on Old Car
Resale of car is highly popular in India. Many Private banks and NBFC’s do provide fiancé or loans on Second Hand Car Purchase, The rate of Interest in this Second Hand Car Loans is slightly higher than the New Car Purchase loans.
4 enterprises is having very good experience in disbursing the Second Hand Car Loans. We Majorly works with NBFC’s and Private Bank For Second Hand Car Loans. Our Major Landers are ICICI Bank, HDFC bank, Kotak Bank, Axis bank, Tata Finance, Mahindra finance, Shree Ram Finance, HDB Finance.