Gone are the days when cars were included in the list of luxury items. Cars have become a necessity nowadays. With a remarkable increase in the living standard of people, cars have become an inalienable part of our lives.

A car gives you the independence to commute at your own will. There are a large number of people who use cars for different purposes such as Office-goers, businessmen, students, small merchants, doctors, engineers and other professionals etc.

But everyone is not satisfied with the car he/she possesses. Your car may be old and you want to replace it with a new one. Most of us want luxurious cars these days fitted with state of the art technology. But, the problem arises when many of such people willing to buy new cars fall short of finances. Taking a CAR LOAN is a wise option in this case.

A CAR LOAN is specifically meant for your car-buying requirement. You may choose from among a variety of cars available in the market and apply for a car loan accordingly. When you want to avail a car loan you have two options. Either you can avail a secured car loan or an unsecured car loan.

A secured car loan is provided against collateral, which is usually your house. But, in case you don