You are here: Home » PF » News » Loans
Delay in treatment is negligence
Business Standard

Flexible options to make car loan repayment easy, but interest will be high

The more the borrower defers principal repayment, higher is his interest cost

Topics
car loan | Interest Rates | Lockdown

Bindisha Sarang 



Car loan, CAR
Representative Image

India Limited (MSIL) has partnered with banks like and HDFC to offer a variety of loan repayment options to new car buyers in the country. These schemes could provide just the nudge that buyers need amid the resource crunch they are facing in the midst of the Covid-19 . Says Shashank Srivastava, executive director (M&S), India: “New car buyers can select from a host of schemes offering low down payment options and low equated monthly instalments (EMIs). These schemes will particularly help customers in the entry-level segments.” If you are looking to take a and want some flexibility in repaying the EMI, read on.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Thu, June 04 2020. 01:18 IST

RECOMMENDED FOR YOU

.