Hypothication Loan
Hypothecation is the practice where you pledge an asset (in this case, a car) to a bank when applying for a loan. The bank keeps the car as collateral or security until you pay it off. Your bank technically “holds” your car during your loan's tenure, though you physically have possession of it.
The Interest Offered on Loan is Below
14% up to 1 Crore Loan Amount
13% more than 1 Core Loan Amount
