Car Loan

What is the car loan?

Car loan is a loan with the purpose to buy a car or pay car related expenses. With car loan you can buy a used car, which is not be accepted by banks or leasing companies.

Car Leasing may often be more expensive than obtaining a car loan. A leasing contract usually demands the kasko insurance . Car insurance expenses depend on the vehicle, policy holder, region, etc. and might usually be quite expensive. Each loan is a financial obligation that must be repaid. Consider the loan terms carefully. As a result of loan repayment default your loan debt might increase due to reminder fees and other costs associated with the debt collection process.

Advantages of MoneyZen Car loan

  • Reasonable interest rate
  • You own the car
  • No additional costs
  • No restrictions on car's age

Recommendations before applying for a car loan

  1. Consider carefully if you really need a loan and in which amount Why?
  2. Investigate and compare the terms of several loan providers Why?
  3. All your loan repayments should not exceed 33 percent of your total monthly income Why?
  4. Make sure that you have considered all additional terms and costs Why?