🚗 What Is a Car Loan? A car loan (or auto loan) is a secured financing where the vehicle acts as collateral. Borrowers receive funds to purchase a car and repay in fixed monthly installments (EMIs) over 1–7 years. Failing to pay may lead to repossession of the vehicle (Malikki). 📉 Why Car Loans Are … Read more
🚗 What Is a Car Loan? A car loan (auto loan) is a secured loan where the car serves as collateral. You borrow a lump sum to purchase the vehicle and repay it through fixed monthly installments—typically over 1 to 7 years . Defaults can lead to repossession of the car since the lender has … Read more
🌟 What Is Life Insurance? Life insurance is a contract between you and an insurance company: you pay regular premiums, and in return, your beneficiaries receive a death benefit if you pass away while the policy is active . This financial safety net helps protect loved ones from income loss, debts, and future expenses—like education … Read more
🏠 What Is a Home Loan? A home loan (or mortgage) is a long-term finance product banks and lenders provide to help you buy, build, or renovate a property. You repay it over time through regular monthly payments — called EMIs (equated monthly installments) — which cover both the principal amount borrowed and interest or … Read more
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