Wed, Dec 11, 2024
Thinking of taking a car loan? Hold on! While it's common knowledge that you pay a down payment and the bank finances the rest, the loan repayment period can extend up to seven years. However, the loan tenure you choose directly affects the interest rate, making it crucial to carefully evaluate this before applying. In this video, we'll discuss the top 5 tips to help you avoid wasting your hard-earned money by rushing through the car loan process.
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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.
Tue, Dec 12, 2023
RBI has issued a warning regarding fake advertisements offering loan waiver through social media.
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.
Wed, Mar 01, 2023
ICICI Bank MCLR 2023: The latest hikes in the interest rates follows the Reserve Bank of India's (RBI) latest move to increase the repo rate by 25 bps to 6.50 per cent.
Fri, Aug 05, 2022
RBI raised the repo rate by 50 basis points. With this the repo rate has increased from 4.90% to 5.40%. In all, the RBI has raised benchmark lending rate by 1.40% points since May this year. Now all types of loans will be expensive. EMI will be increased on home loan, car loan. On increasing the EMI, the existing savings will be less. On increasing the loan rate of the bank, the bank will increase the tenure. Make a plan to improve the budget, reduce expenses, make a list of necessary expenses. Keep repaying the loan when you get the lump sum amount. Increase EMI if you can pay EMI with extra savings: Pankaj Mathpal, MD, Optima Money Managers and Jitendra Solanki, SEBI Registered Investment Adviser.
Wed, Aug 25, 2021
Are you planning to buy your dream car and need loan? Several banks including Punjab National Bank offer car loan facilities to its customers.
Sun, Nov 01, 2020
Bank of Baroda, India's third largest public sector bank, announced a reduction in Baroda Repo Linked Lending Rate (BRLLR) from seven per cent to 6.85 per cent.
Tue, Sep 22, 2020
The country's largest lender State Bank of India (SBI) has said that it has launched a facility on its website to help retail customers check their eligibility for one-time loan restructuring announced by the RBI.
Sun, May 24, 2020
HDFC Bank is offering a top-up loan on your existing car loan now!
Sat, Nov 23, 2019
In a big relief to car buyers, Toyota has launched a facility for fast tracking car loans to its customers in India within 30 minutes of their applying.
Thu, Sep 05, 2019
Know how to book online appointment to get Aadhaar card.
Tue, Aug 20, 2019
For car loan seekers, the SBI has waived processing fees during the festival season, offering lowest interest rate starting from 8.70% to customers with no escalation in interest.
Thu, Jun 20, 2019
Almost all private/public sector lenders in the country provide car loan facility with customer friendly terms and conditions.
Fri, May 24, 2019
This is a must-watch video for those who have availed any kind of loan. This video will increase your knowledge about Income Tax benefits that can be availed after borrowing loans.
Just like every other loan, you also repay your car debt via EMIs which includes principal amount and interests.
Wed, Apr 17, 2019
In just 3 simple steps you can avail ICICI Bank Insta Auto and 2-Wheeler loan using the lender's internet banking platform. Both the facilities will offer 100% of the on-road price of the vehicle.
Wed, Apr 10, 2019
According to Kumar, fintechs are gaining popularity in lending space, which can be a challenging factor for banking sector.
Fri, Apr 05, 2019
The bank has now cut their MCLR which is a benchmark for deciding lending rates on home loan, personal loan and vehicle loan.
Thu, Apr 04, 2019
When repo rate is low, this should ideally mean low-cost loans in general. Every time RBI repo rate is cut, banks are expected to lower the interest rates they charge their home, auto, personal loan takers.
Wed, Mar 20, 2019
Now when it comes to borrowing, Ranjith Punja, CEO and Co-Founder CreditMantri, says, “lenders generally look at your credit score to gauge your creditworthiness."
Mon, Oct 22, 2018
There are many pros regarding why buyers should choose a car loan rather than investing their own hard earned money.
Fri, Jan 19, 2018
Starting to build a retirement corpus at an early age may seem a little strange to many, but according to experts, starting early helps you to save a great deal.
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