Almost all car loan products available in India are secured loans, with the procured vehicle itself acting as the customary security. Most lenders in India will not insist upon any guarantors; however, if your annual income does not match up to the expected requirement, then you may be expected to sign-up as a co-applicant and/or guarantor.
Penny Cap Fin incorporated in 2019, works in finance sector, banking sector, and also in telecom sector.