What are auto loans?
In auto loans, the borrower receives a cash advance from a lender, which can be a bank or a financial institution. Borrower receives the funds at the time of purchase of vehicle and he can pay it to the auto dealer.

How does Charter Auto Loans facilitate auto loans?
Charter Auto Loans aims to ease the process of availing auto loans. Instead of running to the lenders office, we bring to borrowers the deals from prominent lenders right at their doorstep. Just fill the online application and we will select lenders and get you auto loans.

Will I be eligible for auto loans with a bad credit against my name?
Though bad credit history does have a bearing on the terms of the auto loan, it does not affect the loan decision.

How much amount can I avail under auto loans?
The amount of car loan is a function of several factors such as type of loan, credit history of borrower, down payment made etc. Borrowers may not be able to get the whole amount of loan financed by the lenders. Lenders lending policy too will affect the loan amount.

What will be the rate of interest on auto loans?
The rate of interest is the cost of inflation charged by the lender. However, risk involved in a loan deal affects rate of interest significantly. Other factors that will affect the rate of interest offered on auto loans will be collateral, credit history, type of loan etc.

Explain auto refinance opportunities available with you.
Auto refinance repays the existing loan deal and initiates another loan. We help borrowers looking to move over to a more favourable interest rate regime through auto refinance.

What will be the monthly repayments?
Monthly repayments will change with the amount of loan, term and rate of interest. Use an auto loan calculator to compute monthly repayments. Submit the details about amount of loan, term and rate of interest and monthly repayments will be available.