New and used vehicle finance for personal and commercial use.
Vehicle loans are secured against the vehicle itself, which is hypothecated to the lender until the loan is closed. New car finance is usually available for a high proportion of the on-road price; used vehicle finance depends on the age and valuation of the vehicle and carries a higher rate.
Commercial vehicle finance is assessed differently — the lender looks at route, operator experience and earning capacity, not just personal income. We place the file with partner banks and NBFCs, and make sure the hypothecation is removed from the registration certificate once the loan is closed, which is the step people most often forget.
Key features
- New car, used car and two-wheeler finance
- Commercial vehicle and fleet finance assessed on earning capacity
- Vehicle hypothecated to the lender until closure
- Tenure commonly up to seven years for private vehicles
- Insurance of the financed vehicle required throughout the loan term
- Hypothecation removal from the RC handled after closure
Risk disclosure. Loans are sanctioned at the sole discretion of the lending institution, subject to its credit policy, documentation and applicable charges. We facilitate the application; we do not sanction credit. Pyrramid Wealth Distributors distributes this product and does not manufacture it. Nothing here is a recommendation or investment advice.