Easy India Loans

In the past few years India has been witness to a phenomenal rise in sales and profits of four wheelers of nearly all the leading manufacturers. The main reason for this trend has obviously been the ease with which one can get automobile loans from banks and also the substantial pay packets that the youth of the country have at their disposal nowadays in this booming economy. The types of auto loans offered are two wheeler loans, car loans and commercial vehicle loans.
 

According to statistics nearly 75% of the total vehicles sold in the last decade were financed through auto loans. In fact NCAER did a huge car market survey for Maruti Udyog which covered around 4,50,000 households across 342 cities/towns and 1,976 villages across the country which revealed some interesting trends.For e.g. in North India, two in every five cars sold in north India, for instance are  still bought predominantly on cash while in  the conservative south India, three of every four new cars are bought on finance and Delhi alone sells 35% of all the cars sold in India.

(more…)