Vehicle Loan
![icon_buy icon_buy](https://hsbcshah.com/wp-content/uploads/elementor/thumbs/icon_buy-p50ntqxg08q6444a5imgenpdichsi6k2f1rv7pni98.png)
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As the name suggests vehicle loans are provided to purchase either new or used vehicles.
In some cases, you can pledge your old car as collateral for a bank loan to buy a new car and this is known as Loan against Car.