When taking auto loan, consider various charges; here're car loan options

Compare lenders on parameters like interest cost, prepayment and foreclosure charge before making a choice:
 

• Check the loan amount you are eligible for with different financiers

• Check the percentage of cost of car they will finance. Put down at least 20 per cent out of your own pocket
• Check whether the 80 per cent or so that will be financed will be a percentage of the ex-showroom price or on-road price
• Compare the interest rates of different lenders. The bank with which you have an existing relationship could offer you the best rate
• Besides interest rate, compare other charges: processing fee, foreclosure charge, part-prepayment