Carazoo.com is currently offering all car loans at only 9.99 % reducing balance interest. The offer is exclusive to Carazoo visitors and is available in select cities. Loans are available in select cases up to seven years' tenure, no processing fees.

Pankaj Patel, vice president (VP), India, Logix Microsystems said, "Applying for car loans is a long and enduring process that requires a lot of back and forth between the dealers and the bank. We provide a stable and convenient platform online that allows buyers to easily and quickly apply for loans as per their requirements and then we communicate the same to the appropriate dealers and banks. All an applicant has to do is fill a simple form on our portal and the rest we take care of. Carazoo also carries articles and tips explaining the different types of car loans, so that the applicant can do a bit of research before applying. After all, car buying is supposed to be fun and we try to keep it that way."

About Carazoo.com

Carazoo.com is India’s first and only car portal with interactive animations.

Carazoo is a division of Logix Microsystems Limited, a Bombay Stock Exchange/National Stock Exchange (BSE/NSE) listed IT company, which is the world’s largest supplier of rich media interactive automotive animations and images. It offers a vast range of automotive solutions to United States (US) and Indian car dealers. Logix is a recent recipient of the Deloitte Technology Fast 500 Asia Pacific 2007 Award, which recognises the fastest growing 500 companies in the Asia Pacific region.

Logix is also the owner of izmocars, USA, which has developed ground breaking rich media online sales solutions. A large percentage of the top 100 US car dealers currently use online stores/websites designed by izmocars. Izmocars also powers Yahoo Autos (world’s largest internet portal) and AOL Autos. Izmocars had also designed and developed AutoUSA.com, which is the world’s largest automotive retail portal.