Is an auto loan a personal loan?

Updated: 9/17/2023
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9y ago

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An auto loan and a personal loan are both loans. Personal loans can be secured or unsecured. Secured meaning that there is some form of collateral to back up the loan in the event that the borrower defaults. Unsecured loans have no collateral which usually translates into higher interest rates due to the added risk on the lender. An auto loan may carry a lower interest rate due to it being secured; if you don't make the payments you lose the car.

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Q: Is an auto loan a personal loan?
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When a auto loan personal loan and credit card loan are combined what is it called?

That is called a ACP Loan

Can you have an auto loan and personal loan?

BadCreditLoans provides an easy and convenient way for people to be matched with a personal loan from up to $5,000.

How do you obtain a new auto loan?

You can apply for a new auto loan through your personal bank or the dealership that you buy your car through.

Personal Auto Loans?

When people start thinking about purchasing a car they also start thinking about applying for a personal auto loan. Some people go to a local bank to see if they qualify for a personal loan; however, some choose to go about the process a simpler way by going online and applying for personal auto loans. One of the best parts about getting a personal auto loan online is a person can do it right from their comfort of their own home. When applying for a personal auto loan online the only thing a person has to do is fill out a few short forms. Most times a person can receive a response as to whether they are approved or not in as little as an hour. It is wise to compare personal auto loan rates with several lenders so the best personal auto loan can be obtained. The lower rates a lender offers the more money a person will be able to save.

Can a personal loan be added to a car loan.?

As far as I know Personal Loans are completely different from Car or Auto Loans and they can not be added to Car Loans.

Can you still get a car loan even if you have bad credit?

A car loan is considered a personal loan. While bad credit makes it harder to get any loan, individual car dealers decide whether they will allow a car loan with bad credit. A personal loan is an unsecured loan.

What is The Lending Tree's main offer?

Lending Tree provides loans for refinance, loan for buying a home, home equity loan, reverse mortgage loan, auto loan, personal loan and credit cards.

Where can you get an auto loan?

You can usually obtain an auto loan from the dealership you are purchasing from. If the establishment or private seller does not offer financing you can go to your personal bank to get an auto loan. Sometimes local credit unions will allow you to open an account with them, they usually have slightly more aggressive rates on auto loans but may require you to carry a balance with them.

What is the contact number of apna loan?

Apna Loan is a loan company who offer mortgages, personal loans and auto loans in Bangalore, India. The contact number for Apna Loan is 91 9741 611 455.

What information does the dealership need for me to fill out their auto loan forms?

In order to apply for an auto loan, you will need your personal information such as your name, social security number, income details. You will also need to provide your employment details.

Do auto loan calculators accurately predict auto loan payments?

Auto loan calculators are not reliable. Although they can sometimes predict auto loan payments correctly, they are often inaccurate and can cause issues.