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Factors Affecting Vehicle Loan Interest Rates

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Several factors influence vehicle loan interest rates, such as your credit history, employment status, loan amount, and tenure. A strong credit score often results in lower rates, while a low score may lead to higher interest. The age and type of vehicle—new or used—also affect the rate. Additionally, lenders assess your repayment capacity, which is influenced by your income and exist... https://canarabank.com/canara-vehicle

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