Saw a good car which you want to own? If you take the route of applying through the traditional bankers and money lenders, the car may be sold before your loan is approved. For real fast processing of auto loans, apply with the new age money lenders. They provide fast auto loans, which are processed at most within 48 hours. Imagine driving in your own car within hours of applying for the car finance.

The best thing in applying online is that you can also ask for unsecured loans. If you do not have any valuable to place as collateral, you can ask for unsecured loans. The interest rates may be a bit high but considering the fact that the loan process is so fast that you actually drive your own car in few days make the rates affordable. You can apply for these loans even if you carry a bad credit.

While approving fast auto loans, the online money lenders do not care about your credit records. This means you can still get your car financed even if you have a bad credit. You can even use this opportunity to repair your credit score by way of repaying the loan properly. In case of unsecured auto loans, while you get to keep the car and use it, the ownership of the car remains with the money lenders. Once you pay off the loan, the car papers are transferred to you without any extra charges.

You can even get 100 per cent finance under fast auto loans. Some money lenders may demand upfront payment. Most of them do not. It is better to do some research on the internet regarding the terms and conditions as well as interest rates of the different money lenders so that you bag the best deal. The repayment tenure for these loans varies from 7 to 10 years based on the repayment scheme you choose.