A vehicle loan is a type of financing used to purchase a car, bike, or commercial vehicle. The loan is secured against the vehicle, meaning the lender holds ownership until the loan is repaid. Vehicle loans often feature flexible repayment terms, competitive interest rates, and can be customized for new or used vehicles. These loans allow individuals or businesses to purchase a vehicle without paying the full cost upfront, making transportation more accessible. Different loan products cater to personal, commercial, and two-wheeler vehicle purchases.