How much loan can I get?

The amount of the loan depends upon:

  1. Vehicle cost
  2. Vehicle type (standard/premium)
  3. The percentage of finance offered

If you are buying a new car, you can get up to 90% financing but some banks have a limit beyond which they do not offer loans. Also different banks have different terms for different models (standard/premium, new/used). The percentage of finance the banks give on cars is also determined on the basis of the resale value of that particular car.

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