https://www.taxtmi.com/news?id=34170 The Loan-to-Value (LTV) ratio governs used car lending by expressing the loan as a percentage of the car's appraised value; higher LTVs lower down payment requirements but raise lender risk and may produce tighter loan terms, while lower LTVs can secure better interest pricing. Shriram Finance's used car loan operationalises these principles with competitive interest rates, flexible tenures, high financing proportions subject to eligibility, minimal documentation, online application and EMI tools, and borrower notifications; applicants are advised to increase down payments, prefer cars with strong resale value, and maintain good credit to obtain favourable terms. en-us Sat, 15 Feb 2025 15:16:03 +0530 Sat, 15 Feb 2025 15:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34170 The Loan-to-Value (LTV) ratio governs used car lending by expressing the loan as a percentage of the car's appraised value; higher LTVs lower down payment requirements but raise lender risk and may produce tighter loan terms, while lower LTVs can secure better interest pricing. Shriram Finance's used car loan operationalises these principles with competitive interest rates, flexible tenures, high financing proportions subject to eligibility, minimal documentation, online application and EMI tools, and borrower notifications; applicants are advised to increase down payments, prefer cars with strong resale value, and maintain good credit to obtain favourable terms. News - Sat, 15 Feb 2025 15:16:03 +0530 https://www.taxtmi.com/news?id=34170