Credit scores are two major factors that have to be considered when a potential loan is about to be provided. ... Indeed, you can certainly take out one loan when you already have another one out.

A lot of financial institutions offer up to 90 percent of the car value as an auto loan. However, the final value might vary with the lender. They check factors such as vehicle cost, type, and value in the second-hand market while deciding the amount of loan to offer.

You would require submitting your identity, address, and income proofs along with the loan application. The mode will be online.

After submission of the documents online, it takes about 3-6 days for processing the loan and getting it approved.

Yes, interest rates for car loans are not fixed. They can be negotiated.