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Car Financing

Which bank is best for car loan in india quora?

SBI is best car loan provider. Lowest Interest Rates & EMI; Longest Repayment Tenure (7 years);

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Which bank is better to take car loan?

Top 10 Banks for Car Loan in IndiaName of the LenderInterest Rate (p.a.)HDFC BankStarting from 8.90% (Please contact the bank for updated rates)Federal Bank9.25%Axis Bank9.05% to 11.30%Canara Bank8.75% to 11.30%6 autres lignes

Is Bank of India good for car loan?

Bank of India Car Loan Overview The car loan that BOI offers is called ‘BOI Star Vehicle Loan Scheme’ and is one of the best car loans in the market as it offers ease of access, competitive interest rates and flexible repayment tenure.

Which bank offers cheapest car loan Quora?

ap per the current rates, HDFC Bank, Axis Bank, Bank of Maharashtra offers the lowest car loan interest rate of 9.25%. These rates can vary depending upon the company you are working with, loan amount you have applied for, value of the car and your repayment capacity.

Is it good to buy car on loan Quora?

A car loan may indeed be a great option depending on your circumstances, interest rate offered etc. However keep in mind that it only makes sense to start considering a loan as an option if and only if you have already established the need to purchase a car and have the income to comfortably afford it.

What is the interest rate for car loan in SBI?

7.50%

How much car loan can I get on 40000 salary?

It is advised to customers that they restrict their car loans to not more than 20 percent of their monthly income. For example, if you make Rs. 40,000 per month, your monthly car loan EMI should not exceed Rs. 8,000.24 jui. 2020

How much is the minimum down payment on a car?

When you take a loan, some banks will expect you to pay a certain portion (usually 5% to 15%) of the car value to the dealer before they release the Car Loan. This is called a down payment.

What is the EMI for 10 lakhs car loan?

What is a car loan EMI calculator?Loan amountLoan tenureEMIRs.5 lakh1 yearRs.43,819Rs.5 lakh5 yearsRs.10,477Rs.10 lakh1 yearRs.87,637Rs.10 lakh5 yearsRs.20,9532 autres lignes

Is cibil score required for car loan?

There is no minimum CIBIL score that you would require to be eligible for a car loan but if you have a CIBIL score of above 750 your chances of getting a car loan is higher. When you have a high CIBIL score, you can also negotiate for better terms on your loan and a better interest rate.31 juil. 2019

How much interest is a car loan?

Compare Best Car Loan Interest Rates in India for 2021Bank NameCar Loan Interest RatesProcessing FeeFederal Bank Car Loan8.50% p.a. onwardsContact the bankSBI Car Loan7.70% p.a. onwardsRs.1,000 plus GST onwardsICICI Bank Car Loan7.90% p.a. onwards0.5% of the loan amount3 autres lignes

What is the interest rate for car loan in HDFC Bank?

7.95%

How much car loan can I get Quora?

Your income – Maximum amount of loan will directly depend on your monthly salary. For example, maximum loan amount that banks offers is 48 times the net monthly income for a salaried individuals; and up to 4 times the net profit or gross taxable income for self- employed and professionals. Your car – i.e., t.

Is SBI car loan good Quora?

Car loan is pretty much a standard product offered by various banks and NBFCs such as ICICI Bank, HDFC bank, SBI, Axis, etc. They are all good leading banks and provide excellent services. In short, they are all pretty much the same.

What is Quora car loan interest rate?

9.50% to 10.25% is a good interest rate for a car loan but it depends on the segment of vehicle as well. I had got my Maruti Suzuki WAGON R through HDFC Bank which funded me to buy my first car. There are certain factors a bank considers before approving you of your Car Loan.

See also:   How to refinance a car lease?
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