A car loan is money borrowed in order to purchase a vehicle. Most people look into a car loan rather than handing out cash, to pay for the vehicle, whether the vehicle is new or used. More
Clearing your car loan is only half the job, unless the hypothecation is removed from your RC, you won’t be able to transfer or sell the vehicle smoothly.
High-end vehicles including BMW, Volvo, Mercedes and Land Rover models were seized from multiple premises.
Compare car loan rates from top banks: Punjab National Bank (7.85%), Union Bank (7.90%), IDBI Bank (7.95%), and more. Rates vary based on credit profile and loan terms.
When seeking a car loan, explore multiple options like banks and loan aggregator websites to find the best rates and terms. Interest rates for a Rs 10 lakh loan range from 7.85% to 9.99%.
Car loan interest rates vary with the banks, with banks like Punjab National Bank and Union Bank of India offering competitive rates starting from 7.80% and 7.90% respectively.
During the festive season, car buyers can expect attractive loan offers from banks, with interest rates ranging from 7.90% to 9.99% for a Rs 10 lakh loan.
Confused between a personal loan and a car loan for your next car? This article breaks down the pros, cons, and cost differences to help you choose smartly.
Looking to buy a car without stretching your budget? A used car loan can help you drive home a pre-owned vehicle with ease and affordability.
A used car loan helps you finance a pre-owned vehicle by covering most of its cost. While interest rates are slightly higher than new car loans, they offer a budget-friendly way to own a vehicle without making a huge upfront payment.
Planning to get a car but worried about getting a loan? Here's all you need to know about the credit score required for getting a car loan with smooth approval.
A car loan in India involves more costs than just the principal amount borrowed. Interest rates, loan tenure, down payment, and fees all influence the overall expense. Ultimately, understanding these factors and other will enable more affordable car ownership and financial stability.
The new rules follow a pledge last month from the head of the National Financial Regulatory Administration to promote consumption by making it easier to get car loans.
The new rate, the bank said, is applicable on the purchase of a new car and is linked to a borrower’s credit profile.
It’s one thing to aspire to buy a luxury car, but quite another if your car’s equated monthly installments exhaust your entire monthly budget. Ideally, your total EMIs should not exceed 30 percent of your monthly take-home income.