Financial Responsibility: Exploring The Influence of Vehicle Loan Repayment Credibility On Behavioral Perspective.

Abstract

This paper explores the intricate relationship between vehicle loan repayment credibility and the resulting behavioral perspectives towards financial responsibility. The study hypothesizes that timely repayment of vehicle loan enhances individual percept ions of financial reliability and influences broader financial behaviour positively. The current study is descriptive in nature; the primary study is collected from the peoples who have taken vehicle loan in Tamil Nadu by using a structured questionnaire.   Utilizing a mixed- methods approach, we collected data through surveys and interviews from a sample of 400 vehicle loan borrowers across various demographics. The framework of analysis included was Descriptive Statistics, Reliability Analysis, ANOVA, Correlation Analysis, Regression Analysis and Garret Ranking. Regression Analysis is to determine the impact of repayment credibility on financial behaviour indices such as credit score improvements, future loan accessibilities, and propensity to save.  Result indicates a significant positive correlation between consistent loan repayment and improved financial discipline, heightened credit scores, and better financial planning capabilities. By understanding how adherence to loan repayment schedules affects personal finance management, stakeholders can develop targeted interventions to foster a culture of financial responsibility and stability