Car loan size rises 49% to ₹8.2 lakh in 7 yrs amid SUV shift: Report

The average car loan size in India has risen by 49% to ₹8.2 lakh in the last seven years, amid a shift towards SUVs and rising vehicle prices, according to TransUnion CIBIL. The average loan repayment tenure have also increased by five months to 62 months over the same period, indicating longer repayment periods to manage higher loan amounts.