Overhaulin' - WHICH IS THE BEST BANK WE SHOULD APPROCH FROM THE POINT OF CAR LOAN RATES?

WHICH IS THE BEST BANK WE SHOULD APPROCH FROM THE POINT OF CAR LOAN RATES?

WE WISH TO SEEK A LOAN OF RS 3,50,000 FOR A PERIOD OF 24 MONTHS.

wherever you are-pick a medium-sized bank.
your number is wrong. if you can get into a credit union
the one that will give you the lowest rate
take a hundred dollars open an account at a credit union. Wait about 2 weeks, Approach them tell them what you are looking for, most of the time they will tell how much they will loan on the vech. That way you have a figure to go by.
The best bet now is SBI and during festival season it is 8 percent in 1st year and 10 in the second and 3rd year .The main attraction is even if you close yr loan after 1 year there is no penal interest.But the process is time consuming ,showing past 3 yaers it returs ,bank salary statement and so on. The new generation bank charges more say 11.5 percent but is quicker and will charge a penal interest if u close yr loan early.Processing fees is about Rs 3000 plus The PNB charges say 10.5 percent and carries a 1 percent of the loan amount as processing fees plus stamp fees etc ,I had to pay Rs 3800 as processing fees for a 3 lakh loan
see 2 points who don't take book charges or any other charges except interest also compare the loan rates also