Now the car of your dream is not very far away as car loans are here to help you out. India is a place where even today buying a car for oneself is considered to be a big deal. People across the whole India still toil day and night, work overtime, 24 x7 to earn themselves sufficient money so that they could realise their dream of buying a car one fine day. Not only the car, even buying a two-wheeler is still a big thing for an average Indian. Today there are number of lenders and lending authorities in the market that are willing to offer loans at attractive rate of interest. But even today normal people consider availing car loans or any other kind of two-wheeler loans as a risky proposition. Most of the people still fear from it. The reason, well it is generally the rate of interest, legal formalities and sometimes even the repayment options. It is because most of the people fear that in case they failed to repay the availed loan back, they will not only lose the vehicle but also their dignity. But now people can avail these car loans and two-wheeler loans without any problem. It is because the procedure of availing these loans is very easy, also you need not to go through the tiring process of documentation and loose your peace of mind. You just need to be above the age of 21, have a permanent bank account and a regular source of income. You will also need passport size photographs, residence proof, identity proof such as voter ID card, driving license and some other important documents too (which may vary from one lending authority to another) and after submitting these required documents along with the duly filled form, you will get the desired loan. As far as the loan amount is considered, some lending authorities even finance 95% of the cost of the car excluding the insurance and road tax. Also there are cases where minimum loan amount for a used car is around Rs. 75000, (please bear in mind that these figures are for indicative purpose only, thus may differ from one authority to another). The repayment options too available for both the car loans and the two-wheeler loans are flexible and are made convenient from time to time by the lending authorities, so that the borrower does not feel the burden of repaying it back.