New Delhi, Feb. 3 -- As the Indian economy evolves and moves towards becoming the third largest in the world after the US and China so are the aspirations and wishes of Indian youth. Having a car hence is now more than a status symbol. It adds convenience and elevates one's lifestyle.

In this ever evolving growth environment there are numerous options through which a borrower can avail carloans. Still, having a low credit score or a weak credit profile can easily bring down chances of loan clearance.

Before going ahead with a car loan application with a designated bank or financial institution, it is crucial for applicants to always keep in mind their basic customer rights,credit score, loan repayment potential, applicableinterest rates...