One of the major types of loans are the auto loans. This is also known to be the second largest subsector in the Asset Backed Securities field as well. There are a large number of people all over the world who are interested in Auto loans. As a result of this, you will find a large number of banks offering auto loans. These banks issue securities which are again backed by the underlying sections of auto-related loans. There are three categories in which Auto Asset Backed Securities can be classified. These are subprime, nonprime and prime. The banks offering auto loans will provide you with these different types of loans.
Some of the major banks offering auto loans include HSBC, ICICI, HDFC, SBI, UTI, UCO, Citibank, ABN Amro, SCB, Kotak, DCB as well as IDBI.
|