Auto loan
Not more than one and half decade ago, buying a car is a dream for most of the Indians especially for the lower-middle and middle class society, but two critical changes had brought revolution in the automobile industry. First the evaluation of small cars likes Maruti 800, Hyundai Zip, and Indian government’s liberation policy that motivate the banks to distribute loans for the automobile sectors liberally.
Since then, the automobile segment has emerged the second largest debt segment of India that has fulfilled the dreams of millions of Indians who want to buy their own personal and family car. Besides public and private banks, some financial institutes, automobile manufactures and some small lenders have also begun to offer auto...