Thu, Sep 19, 2024
SIP Investment vs Rs 18 lakh Car Loan: If you are taking a Rs 18 lakh auto loan at a 10 per cent interest for 7-year duration, the estimated equated monthly instalment (EMI) will be Rs 29,882, the estimated interest will be Rs 7,10,099, and the estimated repayment amount will be Rs 25,10,099.
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Fri, Sep 06, 2024
SIP investment vs Auto Loan EMI: When you take a Rs 20 lakh auto loan at a 10 per cent interest rate for 7 years, your estimated EMI is Rs 33,202, the estimated interest is Rs 7,88,999, and the estimated repayment is Rs 27,88,999.
Fri, Aug 30, 2024
SIP investment vs Car Loan: If you are taking a Rs 15 lakh car loan for 7 years at 10 per cent annual interest rate, your estimated EMI will be Rs Rs 24,902, and estimated interest will be Rs 5,91,749.
Fri, Aug 23, 2024
SIP vs Car Loan EMI: Do you want to buy a car? Should you go for a loan, or plan purchase in advance and invest through SIP in a mutual fund? Know which can be a faster route
Fri, Aug 16, 2024
Mahindra Thar Roxx MX1 Diesel MT 2WD is the new buzz in the town. A number of auto enthusiasts want to take a drive of Mahindra Thar's brand new model. Do you want to own it? Do you want to purchase it by taking a loan? Car loans are for up to 7 years, but the majority opt for 5 years.
Tue, Aug 06, 2024
How to buy car through SIP investment: Cars are expensive, and people often buy them on loan. But since the value of the car depreciates and you pay interest on the loan, buying a car on loan may not be a good option. The other way can be to make a monthly systematic investment plan (SIP) in an equity mutual fund, withdraw it, pay long-term capital gains tax, and make a one-time payment to purchase car worth Rs 22.75 lakh.
Thu, Jun 20, 2024
SBI Car Loan Latest Interest Rates: A car is no longer just a style statement. It has become a necessity in most parts of India. From Tier-1 cities to small towns to hamlets, people use cars to save time and, in many cases, money.
Thu, May 09, 2024
SBI Car Loan EMI: Are you planning to buy a car, or have you ever thought about it? People often buy a car with on a loan. The longer is your loan duration, the more interest you pay on your EMI. Know here your EMI calculation for a 3-, 5- and 8-year SBI car loan.
Tue, May 07, 2024
Buying a car is a dream as well as a necessity for a large population in India. A majority of Indians buy car through loans. They take deposit some down payment and make equated monthly instalments (EMIs) for rest of the amount.
Tue, Apr 23, 2024
Union Bank of India, Canara Bank and Bank of Maharashtra offer car loans at a starting interest rate range of 8.70 per cent.
Thu, Jun 08, 2023
One of the biggest advantages of financing a new car is that it allows the car-buyer to purchase a car that they might not be able to afford with cash upfront. This means that they can get a nicer car that has more features, better performance, and higher safety ratings.
Mon, May 08, 2023
Deciding which car to buy takes a long time in itself. Then comes the hard part of deciding how to pay for it. Whether you should pay for your new car by cash or finance it — in this video we weigh the pros and cons of both the options to make the choice easier for you.
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