Economy, asked by gracysingh07, 1 year ago

why an auto driver need loan and from whom ?​

Answers

Answered by DiptiUchale23
1

Explanation:

There can be many reasons . He can take loan for his personal needs, building house, medical requirements, etc. He can take the loan from his employer, friends, relatives, etc

Answered by Hiyakarani
1

Answer:

· Some lenders also ask for a car insurance copy and driving license before accepting the loan application. Hypothecation When you buy via a loan, your car is hypothecated to the lender. Hypothecation gives the right to the lender to seize your asset, i.e., your car, for instance, if you do not pay the EMI on time.

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