|Taxi Loan Compared to Private Car Loan|
The reason? It's so simple and easy to understand. According to my marketing manager, the influencing factor to a lower or higher loanable amount is the risk factor. A regularly traveling car (a public vehicle) poses much higher risk than a car that rarely gets out in the streets as a private vehicle with green plate. So basically, risk do play a big factor in determining the loanable amount of car loan upon application.
So the next time you opt in to apply for any lending company like banks (bank loan) or private lending company, make sure that you expect no less than getting lower loanable amount for a taxi than a private car, even if you have the same year model and same car make or brand, just like what I have posted above as an example. For personal loan comparison, please click here.