A vehicle loan (also known as an automobile loan, or auto loan) is a sum of money a consumer borrows in order to purchase a vehicle. Many consumers apply for loans at their local bank. When applying for a vehicle loan a borrower will usually begin by specifying how much money he or she wants to borrow.

A Vehicle Loan is a loan that allows you to purchase two and four wheelers for personal use. Typically, the lender loans the money (making a direct payment to the dealer on the buyer's behalf) while the buyer must repay the loan in Equated Monthly Instalments (EMIs) over a specific tenure at a specific interest rate. An auto loan is a loan taken out in order to purchase a motor vehicle.They are typically structured as installment loans and are secured by the value of car,truck,suv or two wheelers being purchased.