Trivandrum: Rakesh was delighted that day. After all, he had achieved his dream of buying his first car. But with that joy there was a shade of disappointment. While there were a large number of avenues where he could compare and buy the best car deal, when it came to car loan , he had to simply go by the agent who he had the closest access to. You too would have faced the same situation as Rakesh, in case you have bought your car. But not anymore!

CarLoanHub.in, India’s first neutral comparison portal for car loans was launched in August 2012, to provide neutral view and analysis of all the major car loan products available in the country so that the customers can make a judicious choice. “It is an exciting initiative by our team. Gone are the days when the Indian consumer had to solely rely on the information provided by banks or that provided by the loan sellers to select a car loan. CarLoanHub.in is bringing the concept of a neutral loan product reviewing medium to the Indian market”, says Mr. Ganesh Iyer, chief editor of the portal.

Indian auto market is seeing an unprecedented boom. Consumers with purchasing power pampered for choice and the easy access to finance has contributed to this boom. The spiraling interest rates for car loans are an impediment to the growth, though. In this market, what is absolutely necessary for the consumer is to be educated about the features and the costs associated with each loan product and the factors he should bear in mind to get the maximum value out of his car loan in terms of legal and other benefits. It was to address this gap that CarLoanHub.in has been launched. The portal offers up to date information and unbiased comparison of the car loan options available to the consumers.

“Selling car loan is never a part of our business strategy; although it is an easy route to revenue generation considering the portals ever growing traffic. Although we use the revenue from advertisements to support the cost of our operations, not being a sales portal gave us the right to honestly analyze the key loan offerings available in the country with the consumer’s best interests in mind.”, Mr. Iyer said. This availability of unbiased review is perhaps what is driving consumers to visit CarLoanHub.in before deciding on their car loan product.

“Car loans are pretty costly these days. The information available in CarLoanHub.in ensures that you select the best available product in the market”, Kishlay, a recent car buyer tweeted. Currently, the portal compares the features, interest rates, costs and eligibility criteria for each car loan. The inputs of the consumers who have opted for these loans are a key input in this analysis. The company also plans to implement a “people pulse meter” survey to graphically represent the market sentiment about each loan product. “The whole idea is to let consumers compare apples to apples as quickly and conveniently as possible.”

About CarLoanHub.in:

CarLoanHub.in is an independent reviewer of car loans providing comprehensive details about all the major car loan products in India. It has been launched in August 2012 by a group of personal finance experts. The company is headquartered in Trivandrum - http://www.carloanhub.in/