Frequently Asked Questions

What is the procedure for application of auto loan?
The best method of submitting ones loan details is through an online application form. It is more convenient. Otherwise, our loan experts will take the loan details during an appointment.

Is auto loan available for buying any specific kind of vehicle?
Consumer Auto Lending can arrange auto loans for the purchase of any make or model of vehicle. The vehicle may be new or not more than two years old and not traveled more than 50,000 miles

What kind of loan can I qualify for?
The kind of auto loan a borrower qualifies for is determined by several factors. Only when each factor has been taken into consideration can the features of auto loan be decided.

Do I have to make a down payment and of what amount?
Yes, auto loans borrower will have to forward a sum as down payment before he is awarded the possession of vehicle. Down payment is dependant on several factors like the credit history, value of loan etc.

Can I qualify for a good interest rate?
Every borrower at Consumer Auto Lending is guaranteed a good interest rate on auto loans. All auto loan deals are arranged at the lowest available and competitive rate.

What are the prerequisites for qualifying for an auto loan?
The prerequisites of auto loans have been kept at the minimum. These have been discussed at relevant places in our website. Since, approval rate at Consumer Auto Lending is high; many borrowers with credit deformities too can hope to get auto loans.

What are my chances of getting a loan with a repossessed car?
Our loan experts can find auto loans in spite of repossessed car.

Will I be offered an auto loan with bankruptcy?
Our loan experts can arrange auto loans in spite of bankruptcy.

What are the provisions for a person with no credit?
People who do not have a credit history at all can hope to get auto loans arranged for them at Consumer Auto Lending.

How much is the monthly payment on auto loan?
Monthly repayments will be fixed according to borrower's ability to pay.