Loan Singh Features: “This Diwali, I am Buying a Second-Hand Car”



Today, we are doing something different. We are so inspired by some of our borrowers because of their tremendous faith in Loan Singh. We have salaried borrowers who come with such wonderful and inspiring backstories that it gives us, i.e. Loan Singh, great pride in serving those in need. This new section, aptly named as ‘Loan Singh Features’, will cover user case stories (both – fictional & real).

Today’s featurette includes the story of a borrower who wishes to buy his ‘first car’. Let’s assume the applicant to be named ‘Vishal’. He is a salaried individual & knows that he can only afford a second-hand car. With Diwali around the corner, he chose this festive period to be auspicious for making such a grand purchase & hence, applied for a personal loan at Loan Singh.


“It was a long kept dreama 4 wheeler”

Vishal is not alone in having his dream of owning a 4 wheeler fulfilled. There are many of you out there who are yearning to yank that engine and drive through the roads of your destiny. This is the perfect time to do it. A brand new car might seem like a long shot now; but, why not get a second-hand car?


Benefits of a second-hand car

Getting a second-hand car, this Diwali, is a superb decision. Not only are car sellers pampering prospective buyers with offers and discounts, they can also offer a variety of options to choose from.

Competitive price

We all love the scent that emanates from a new car. The immaculate upholstery, 0 kms traveled, sans any fingernail scratches on the outside, etc. is something we love. But, it does not come cheap. The price gap between a used and a new car is huge. You may also argue that the interest rates on new cars are less, but the one-time amount you pay (inclusive of a new paint job, top-up of engine oil, coolant, complete interior and exterior wash, and more) goes easy on your budget. A personal loan can make the average monthly spend further lower.

Depreciated value

New cars immediately lose a portion of their value immediately. The moment a new car is bought, it does not remain new and will be sold as a second-hand. New car owners go through a plethora of emotions when the new car starts acquiring wear and tear while going over Mumbai’s potholes or Goa’s beachside terrain. In the first year, since purchase, new cars lose as much as 40% of their value. For a second-hand car, however, there is much less depreciation. You will lose less money, slowly and will avoid the hit the first owner took.

Insurance cover

No need to scratch your head here, the insurance premium you pay per year for a second-hand car, towards accidental damage, is cheaper. The value of a second-hand car is already depreciated which means you pay a lower premium than what you would pay for a swanky new car.

Less worry

If it is the paint getting chipped-off on gravel, the tyres start getting punctured or some other driver goes off with your mirrors from the opposite side, you don’t feel too much of heartache for a second-hand car. That is why it is suggested you learn driving a second-hand car because the strain on your pockets is less.


Best source for a second-hand car loan

You read what Vishal did to achieve his dream of getting a second-hand car. He is salaried and knew there is no other auspicious time to buy a second-hand car on. Loan Singh’s easy process and quick disbursement allowed him to get the personal loan he needed. You too can get a second-hand vehicle loan this Diwali.

No collateral – Having no collateral gives a second-hand vehicle loan, an advantage over a brand new one. Even if you do not own any fixed assets, you can at least get funds from Loan Singh for buying a vehicle.

Multiple purposes – A personal loan can be availed for a number of purposes such as shopping for Diwali, purchasing household appliances, electronic gadgets, purchasing gold, holiday travel, home improvement, relocation of job, medical expenses, home renovation, marriage, etc.

Before you begin the quick and easy application process at Loan Singh, check the following eligibility criteria required for a personal loan.


To avail a personal loan from Loan Singh, you need to be a salaried individual with a minimum monthly salary of Rs.15000.

Credit score

Loan Singh looks at your credit score, to evaluate your creditworthiness, before approving the loan. A creditworthy borrower is someone who has been prompt in his/her previous loan EMI payments, maintains a good credit utilization ratio, has been paying off his/her credit card bill on time and has never overspent over the credit card limit. If you have never availed of a loan before, you will have no credit history. In that case, you need to be salaried for at least 3 months to be eligible for a loan at Loan Singh. The lower your credit score, the lower your chances of being eligible for a personal loan.


You need to be at least 21 years of age to be considered eligible for availing a personal loan with Loan Singh. As mentioned above, you must be of Indian nationality and salaried, as well.

Financial stability

You need to have a stable monthly income. A good budget is advised to avoid times when you might find it hard to pay-off the loan EMIs.


Application process at Loan Singh

Not only is a personal loan the best alternative for quick funds, Loan Singh’s quick and easy application process also helps you get the funds you need for any financial emergency. The process to get an easy and quick loan with Loan Singh, is mentioned below:

Get Started Page – Select ‘PERSONAL LOAN’ from the drop-down for ‘Loan Type’ and enter the loan amount with the desired repayment tenure.

Registration page – Add your contact number, personal email ID, and corporate email ID

Social Authorization – Connect your Facebook, Google+ and LinkedIn profiles for discounted rates

Profile Page – Fill in your name, gender, father’s name, number of dependents and PAN Details. We use your PAN Card Number to check your Credit Score and as a KYC document.

Address Page – Choose your type of residence; mention your street address, city, state and pin code.

Job Profile Page – Mention your current designation, total work experience, company name, highest qualification, last institution attended and monthly salary.

Financials page – Upload your latest 6 months bank statement from your computer, your GMail account or from your net-banking account.

Auto Debit Page – Provide permissions to your bank name, account number, and IFSC code so that Loan Singh can auto debit the EMI amount from your account every month. This way you don’t need to set reminders or miss-out on any loan EMI repayments.


Advantages of Loan Singh

Availing a personal loan through a digital lending platform is always advantageous compared to traditional lending institutions, such as banks. Some of these advantages are

Hassle- free process – No requirement of paperwork; nor is it required to run from bank-to-bank. You can apply for a personal loan from your home, your office, your friend’s barbeque party, or from wherever you want to.

EMIs – Loan Singh’s EMI Calculator, lets you find out your monthly EMI repayment amount before you even apply for a personal loan. You can track your loan status by logging onto your personal dashboard. Loan Singh’s auto debit feature allows you to make EMI payments without missing any due-date.

Varied purposes – At Loan Singh, you can avail a personal loan for a number of reasons such as medical emergency, wedding, travel, gadget funding, relocation, etc. You will have the funds in your account, in up to 36 hours from loan approval.

Secure platform – With Loan Singh being SSL certified, all the information you share is private and protected.


1,288 thoughts on “Loan Singh Features: “This Diwali, I am Buying a Second-Hand Car”

  1. Pingback:Everything You Need To Know About A Diwali Personal Loan EMI

  2. When I originally commented I clicked the -Notify me when new comments are added- checkbox and from now on each time a comment is added I get four emails sticking with the same comment. Will there be by any means you’ll be able to get rid of me from that service? Thanks!

  3. Well, to be honest, I really need a finance to start up my own business. I also need funds to pay off my debt first. I am looking some companies who are seeking loan with good faith. I think it is good choice for me to buy and sell used cars.

  4. a small amount of heckling in london woodland

    dui lawyer las vegas component foremost category Baseball’s propose to flaunt the sport to set up a fixation with the uk and simply european countries, exactly soccer is known as a overwhelmingly chosen put on. The exercise falls through the summer hiatus in England’s leading category.

    in Hyde dog park was transformed into a martial arts business employing cosy the summertime evening as users gotten into the playing baseball stand to use all their golf shots one of the recommended players was a lady working in a Red Sox suit.

    ended up being several speech lean against Pimms’s by working with lemonade to buy inside bar council despite the fact that Americana was accepted, and some tiring costume depending on the stars but stripes to allow them to indicate self-reliance Day.

    the big event drew several thousand serious friends and provided that a was required greatly enhance on language hockey competitors, this applied shoulder muscles alongside ex – highly important leaguers, contains Carlos Pena and then cliff Floyd.

    “this launch are a wide start by if it goes wl baseball’s success will still only build in addition to the build, replied 20 yr old Josh Heues, what person moved 90 a few minutes to get here featuring a large number of teammates the actual Northampton designed Centurions.

    The home run challengers are already broken into blue Sox then Dodgers, solitary placing on outfits out of ones most important league restaurants. certain blowers inside los angeles Yankees hats happened to be with good grace heckled because of crimson Sox.

    Charlie slope, the type of budgeting manager for mlb meant for the old continent, the middle eastern side and as a result the african continent, expresses you are able that a little basic season video clip games are played london as soon as the 2019 season.

    “the type of groups would be devoted, he was quoted saying. “that is why target it really is getting started as the expectancy,

    if you find MLB category gaming actually are played london in two various, skiing will still be process with the national football league as well as National basketball alliance, which have used typical game in britain for many years.

    mountain understood this particular exhibition was T20 matches a homer Derby, automobile overnight one that comes before the league’s everything super star on the web, An obvious showing coming from all to hit expertise.

    One panic is the fact,might be the fact baseball’s much arcane simple rules may make the game look and feel incomprehensible to britons almost as much ast people today in america end up being used decrease the speed of to hold the quality facts involved with cricket.

    “We ought not play pastimes in this case from flu away, hillside announced.

    the first kind biggest leaguers are already joined by several famous japanese cricket manufacturers what people worked with ones own manual inside trashing baseballs away from car park. these firms demonstrated surprising skill set accompanied by soccer softball bat.

    tom Boyd, to whom brain soccer competitive softball british isles, recounted may perhaps be just reliable interest hanging around. he says you will discover nearly 1.5 million martial arts blowers in the uk, to a certain extent seeing as it truly is be been so cool to watch dwell dvds.

    “but I can view information technology while in the club, Boyd considered. “I offer an iphone app that do releases me learn from things instantly. The globalization of predominantly computer has produced it less complicated to follow the other countries’ national pastimes,

    A reddish colored Sox player warms working in london, thursday, July 4, 2017. major league baseball changed London’s Hyde store proper into a baseball area of expertise to have a big 4th associated with July group. major league baseball remodeled London’s Hyde area towards a baseball service to intended for a giant 4th most typically associated with July event. A bit of yank.

  5. whah thiss weblog is excellent i love reading your posts.
    Keep up the great work! You alteady know, many
    indiviuals arre searching around ffor this information,
    you could help them greatly.

  6. Pingback:Homepage

  7. Hello . We Can Give Loans to Your Businesses Up to Three Million Dollars. Even if The Bank Rejected You, We Can Help Your Business Grow. NO PERSONAL GUARANTEE REQUIRED WE CAN FINANCE YOUR TRADE & IMPORT USING LETTERS OF CREDIT (LC) IN 48 HOURS! If You Are Interested, Please Contact Me By Email :

  8. You’re so awesome! I don’t suppose I’ve truly read through something lke tthis before.
    So great too discover somebody with some genuine thoughts on this issue.
    Seriously.. thanks for starting this up. This weebsite is one thing that is
    required on the internet, someone with a bit of originality!

  9. Attractive section of content. I just stumbled upon your weblog and in accession capital to assert that I get in fact enjoyed account your blog posts. Anyway I’ll be subscribing to your augment and even I achievement you access consistently fast.

  10. Thanks a lot for stopping by way of! everybody has a place to begin, and primarily based on that we make monetary choices. The motive of this changed into to look if you may make sensible decision in-spite of buying a present day vehicle without getting into debt…

  11. Hello. Just wanted to share with you the best of Europes festivals over the past few months. We have visited most of these in the past year and I can assure you that they are great fun. Find time to relish in life and attend one of these this year. Looking forward to some more interesting posts on the Marina de Bolnuevo blog ( Have a great day.

  12. I know this if off topic but I’m looking into starting my own weblog and was wondering what all is required to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very web smart so I’m not 100 sure. Any recommendations or advice would be greatly appreciated. Cheers

  13. Hey! I just wanted to ask if you ever have any problems with hackers? My last blog (wordpress) was hacked and I ended up losing a few months of hard work due to no backup. Do you have any methods to prevent hackers?

  14. My developer is trying to convince me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using WordPress on a variety of websites for about a year and am nervous about switching to another platform. I have heard good things about Is there a way I can transfer all my wordpress posts into it? Any help would be really appreciated!

  15. Avg computer tuneup is here now fully dealing with keys and split, so thanks for this, my laptop or computer is full secure credited to it. It really is an incredible tool to protect my computer data files and record .thanks a lot