Frequently Asked Questions

Do I have to pay a fee for application to auto financing?
The application for auto financing is free and requires no fee from the borrower. Find the application on our website and start applying now.

This is my second loan through Peoples Auto Loan. Is a re-application necessary?
A re-application is always preferred since borrower can communicate about any improved circumstances through this mode. Again, borrower can use the online application to apply with convenience.

Is refinance of an existing loan helpful? Do you offer refinancing services?
If your existing loan is one where the lender is charging a very high interest rate or your monthly repayments are burning holes in your pocket, you must seek refinance as early as possible. Yes, we offer auto loan refinance at attractive terms.

What is the amount of finance available?
At Peoples Auto Loan, we always try to find finance up to the amount required by borrower. But a few deciding factors here will be the type of loan one is demanding, collateral placed, borrower's credit score, financial status etc.

Is the information that I have provided here secure?
The various steps that Peoples Auto Loan takes to ensure privacy and confidentiality of the information of borrowers has been described in detail in its privacy policy.

Is there any hidden fee in the loan transaction?
At Peoples Auto Loans, we follow a transparent procedure and borrowers are explained every single cost at the time of agreement, thus putting away fears of hidden fees.