Page 2 - Vehicle Loan

OTO achieves Rs 100-cr disbursal for 11k vehicles via its commerce platform

OTO, founded in 2018 by IIT-Mumbai alumnus Sumit Chhazed and Harsh Saruparia, has facilitated in sale and financing of over 11, 000 vehicles, of which approximately 2, 700 vehicles are electric

Shriram Transport Finance sees vehicle financing on recovery road in FY23

Pegs credit growth at about 15%, based on a GDP growth projection of 7-8%

Borrowers' falling fleet use, cash flows to hit vehicle financers: Ind-Ra

Drop in collection efficiency to materially impact vehicle financers' asset quality, as rising fuel cost would reduce borrowers' ability to service debt

Credit to industry shrank 1.7%, personal loans slowed in October: RBI

Credit to large companies contracted 2.9%, but that to medium enterprises grew 16.7% YoY. Overall credit to industry had grown at 3.4% in October 2019

Post Covid-19 lockdowns, demand for vehicle loans is rising, says financier

The lockdown, which impacted the movement of vehicles across states, and subdued economic growth in the last few years impacted sales of commercial vehicles

Pay higher percentage of vehicle cost upfront to get loan in pandemic

A low EMI to take-home income ratio will also improve your chances of getting a loan

SBI to finance Uber's driver-partners

Collateral-free loans will get covered under Pradhan Mantri Mudra Yojana