{"id":9792,"date":"2019-02-27T17:40:05","date_gmt":"2019-02-27T12:10:05","guid":{"rendered":"https:\/\/golocalclassified.com\/article\/?p=9792"},"modified":"2019-02-27T17:43:56","modified_gmt":"2019-02-27T12:13:56","slug":"ways-to-improve-your-eligibility-to-avail-a-car-loan","status":"publish","type":"post","link":"https:\/\/golocalclassified.com\/article\/ways-to-improve-your-eligibility-to-avail-a-car-loan\/","title":{"rendered":"Ways to Improve Your Eligibility to Avail a Car Loan"},"content":{"rendered":"<p>Gone are the days when most people could not afford a car.\u00a0Nowadays, owning a car is more of a necessity than a luxury. All banks and loan lenders provide car loans for individuals. A car loan is the amount of money an individual borrows from loan lenders or banks in order to buy a car. Individuals will need to pay back the car loan by a specific date via Equated Monthly Instalments (EMI).\u00a0<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>The duration of a car loan can vary\u00a0from\u00a01 year\u00a0to\u00a07 years. Car loans are also secure as there is a fixed interest rate for the duration of the loan. Individuals can make use of the Car Insurance Calculator to calculate the EMIs and duration of a car loan.<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h2><b>Documents that must be submitted for a car loan<\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h2>\n<p>The documents that are required for availing a car loan will depend on an individual\u2019s <a href=\"https:\/\/www.bankbazaar.com\/car-loan-eligibility.html\">source of income<\/a>. Depending on the bank, the list of documents required may vary.\u00a0Given below\u00a0is the list of documents that are required by most banks and NBFCs:<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>The documents that must be submitted in order to avail a car loan are mentioned\u00a0below:<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-aria-posinset=\"1\" data-aria-level=\"2\">Photographs<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:792,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-aria-posinset=\"2\" data-aria-level=\"2\">Age proof<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:792,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-aria-posinset=\"3\" data-aria-level=\"2\">Proof of income such as the latest income tax returns, 6 months bank statements,\u00a03 months\u2019 salary slips, etc.<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:792,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-aria-posinset=\"4\" data-aria-level=\"2\">Address proof such as\u00a0Passport, Voters ID, etc.<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:792,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-aria-posinset=\"5\" data-aria-level=\"2\">Car documents<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:792,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-aria-posinset=\"6\" data-aria-level=\"2\">Identity proof such as\u00a0Driving\u00a0Licence,\u00a0Passport, Permanent Account Number (PAN)\u00a0card,\u00a0etc.<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:792,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p>Some loan lenders make it mandatory for the insurance of the car and the driving license to be submitted\u00a0before they offer\u00a0a loan.<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h2><b>Methods to increase eligibility in availing a car loan<\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h2>\n<p>The process of getting a car loan can be\u00a0made\u00a0simple by following the below steps:<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b>Improve your credit score:<\/b>\u00a0Credit score can be increased by clearing any outstanding loans and fixing any errors\u00a0that may have crept\u00a0in\u00a0your\u00a0credit\u00a0report.\u00a0Another way to increase your credit score would be to increase the credit limit of your credit card. It is also vital to use your credit card wisely.<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b>Step-up loans:<\/b>\u00a0A step-up loan allows an individual to pay a lower monthly EMI in the first half of the loan term and the EMI increases in the second half. Banks and loan lenders usually check the eligibility by considering low EMIs initially.<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b>Clear your debts on time:<\/b>\u00a0In case you have any pre-existing loans, it is vital to make sure that the EMIs\u00a0for those loans\u00a0are cleared on time. Having a clean record will increase your chances of getting a loan, as banks will know that the EMIs will be cleared on time.<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b>Check eligibility criteria:<\/b>\u00a0 Evey bank has a different eligibility criterion for a car loan.\u00a0It could vary with regards to the minimum salary, or the maximum loan amount, among other things.\u00a0\u00a0It is vital to do thorough research on the eligibility criteria.\u00a0<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-aria-posinset=\"5\" data-aria-level=\"1\"><b>Buy the car from a reputed dealer:<\/b>\u00a0Chances of the car loan getting approved an increase\u00a0if you buy the car from a reputed dealer who has a tie-up with the bank you wish you avail a loan from.<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b>Arrange all documents and down payment:<\/b>\u00a0Banks will ask you\u00a0to pay a\u00a0certain percentage of the car cost as a down payment. It is important to make sure all finances are ready. When applying for a car loan it is important to keep all the documents required in the order. There could be a delay in the car loan getting approved if documents are missing or incorrect.<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b>Apply from your existing bank:<\/b>\u00a0Getting a car loan from a bank you have an account it is easier since the bank will already have details of your credit history. A few banks may also offer instant loan approvals with the minimum amount of documentation for their customers who have a good credit history.<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b>Opt<\/b><b>\u00a0for a longer policy term:<\/b>\u00a0The most common way of improving your eligibility for a car loan is to increase the duration of the loan term.\u00a0A longer loan duration allows you to pay a lower EMI and down payment. Lower EMIs can make the repayment also easier and hence the eligibility increases.<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p>It is also important to know the interest rates,\u00a0repayments, benefits, processing fee, and if any offers are available when buying a car on loan. Doing proper research and understanding the terms and conditions is also important when buying a car on loan.\u00a0\u00a0<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>Some of the main <strong>Benefits of Buying a Car on Loan<\/strong>\u00a0are mentioned below:<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b>Easy to buy a car:<\/b>\u00a0Banks offer of up to\u00a080% to 90%\u00a0of the on-road price of the car on loan.\u00a0Therefore, with a\u00a0low down\u00a0payment, most individuals will be able to buy a car.<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-aria-posinset=\"5\" data-aria-level=\"1\"><b>Loans on used cars:<\/b>\u00a0Many banks offer loans on used cars as well. However, the interest rates are higher on used cars than new ones.<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-aria-posinset=\"6\" data-aria-level=\"1\"><b>Loan duration is flexible:<\/b>\u00a0Individuals have the option to choose the duration of the loan. Banks offer car loans up to a duration of 7 years.<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-aria-posinset=\"7\" data-aria-level=\"1\"><b>Collateral not needed:<\/b>\u00a0No collateral for security purposes is required to avail a car loan. In case the payments are not made on time, banks or NBFCs will seize the car.<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2><b>Things to know before applying for a car loan<\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h2>\n<p>Below is a list of important things to know when applying for a car loan:<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-aria-posinset=\"8\" data-aria-level=\"1\"><b>Interest rates:<\/b>\u00a0Loans are available for new cars as well as used cars. Interest rates are higher for used cars when compared to new cars. Currently, the\u00a0interest rates for used cars\u00a0are\u00a0between 12.50% and 17.50% and for new cars\u00a0are\u00a0between 9.25% and 13.75%. Even a small difference in the interest rates can make a huge difference in the amount that must be paid back by you. Therefore, it is vital to check the interest rates.<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-aria-posinset=\"9\" data-aria-level=\"1\"><b>Credit score:<\/b>\u00a0The most important criteria that\u00a0are\u00a0checked by banks or NBFCs is the credit score of the individual. The credit score determines whether an individual will be able to repay the loan. If an individual has a low credit score, the loan may not be approved, or a low amount of loan would be approved.<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-aria-posinset=\"10\" data-aria-level=\"1\"><b>Amount of loan required:<\/b>\u00a0Your age and income are the main factors that determine the amount of loan that can be availed. Banks and NBFCs give out loans based on your annual income or monthly salary.\u00a0Loan amounts up to\u00a080% to 90%\u00a0of the on-road price of the car\u00a0to 100% of the ex-showroom price of the car are provided.\u00a0<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p>In case of\u00a0loans\u00a0for\u00a0used cars, re-registration charges are not covered under the loan.<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-aria-posinset=\"11\" data-aria-level=\"1\"><b>Repayments:<\/b>\u00a0Banks and NBFCs usually offer a duration between 1 year and 7 years to repay the loan. Individuals can choose a duration as per their convenience. Pre-closure of the loan is possible at a pre-determined cost.<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-aria-posinset=\"12\" data-aria-level=\"1\"><b>Eligibility:<\/b>\u00a0Banks and NBFCs require certain eligibility criteria\u00a0to be met for a car loan to be approved. These criteria may include age, type of employment, the area where the individual is staying, and\u00a0their\u00a0monthly salary.\u00a0<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-aria-posinset=\"13\" data-aria-level=\"1\"><b>Compare quotes:<\/b>\u00a0It is vital to compare car loans from various banks and dealers. Dealers have tie-ups with different banks, therefore, the interest rates may vary. There are various third-party websites available where quotations can be compared.\u00a0<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-aria-posinset=\"14\" data-aria-level=\"1\"><b>Check the processing fee and service tax:<\/b>\u00a0Most NBFCs and banks offer loans at low-interest rates but charge a high processing fee. It is vital to check the processing fee that is charged by NBFCs or banks.\u00a0It is\u00a0important to check the service tax that is being charged as well. While most banks charge the service tax as a lump sum, a few of them charge it on a yearly basis.\u00a0\u00a0<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-aria-posinset=\"15\" data-aria-level=\"1\"><b>Check for offers or schemes:<\/b>\u00a0Check if banks are offering any offers or schemes on car loans. Individuals who have a good credit rating are sometimes offered a\u00a00%\u00a0interest\u00a0finance scheme\u00a0on the loan amount.\u00a0<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-aria-posinset=\"16\" data-aria-level=\"1\"><b>Hypothecation:<\/b>\u00a0In case you buy a car on loan, the car is pledged to the lender. If payments are not made on time, the lender can seize the car.\u00a0<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p>Once the loan amount is completely paid, it is important to change the name of the owner in the documents. Along with documents such as car insurance papers, address proof, and a No Objection Certificate (NOC), you must visit the Regional Transport Office (RTO) to remove the hypothecation.\u00a0<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>However, the NOC must be submitted to the insurance company first before submitting to the RTO to change the name on the insurance papers.<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h2><b>Conclusion<\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h2>\n<p>Though the process of getting a car loan can be tough, especially if it\u2019s your first car,\u00a0following the above-mentioned\u00a0steps would make it easier.\u00a0It is also vital that you go through all the terms\u00a0and conditions thoroughly. The EMIs should also be paid on time to avoid any penalties. Various car loan offers can be compared on third-party websites. Individuals can use the Car Insurance Calculator to find the best down payment and EMIs available on a car loan.<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gone are the days when most people could not afford a car.\u00a0Nowadays, owning a car is more of a necessity than a luxury. All banks and loan lenders provide car loans for individuals. A car loan is the amount of money an individual borrows from loan lenders or banks in order to buy a car. [&hellip;]<\/p>\n","protected":false},"author":6258,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[3080,3081,3082],"class_list":["post-9792","post","type-post","status-publish","format-standard","hentry","category-finance","tag-car-loan","tag-car-loan-eligibility","tag-car-loan-eligibility-criteria"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/posts\/9792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/users\/6258"}],"replies":[{"embeddable":true,"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/comments?post=9792"}],"version-history":[{"count":0,"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/posts\/9792\/revisions"}],"wp:attachment":[{"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/media?parent=9792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/categories?post=9792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/tags?post=9792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}