One of the latest features that the online moneylenders are offering is the online FREE loa
n calculator. This gadget allows you to calculate the monthly installment on different loan amounts and on different repayment tenures. Based on this, you can decide how much can you set aside per month for the car, and thereby determine the loan amount.
n calculator. This gadget allows you to calculate the monthly installment on different loan amounts and on different repayment tenures. Based on this, you can decide how much can you set aside per month for the car, and thereby determine the loan amount.Speaking of auto loans, these loans can be secured or unsecured. You can also get the loan if you hold a poor credit. Auto loans are available for both new and used cars. Once you buy the car through the moneylender, you can use it as you want. But the ownership of the car is under the moneylender until you repay the entire loan.
Once you repay it, you are the owner. But this does not mean that you have limited rights on the car. You can do anything except resell the car without paying off the car. Most moneylenders do not charge anything on the transfer of the car papers to you.
