The loans are available to both salaried and self-employed customers.
Here's how the car loan rates offered by various banks stack up
Don't over-leverage when buying a car
While NBFCs are increasingly willing to lend to below-prime borrowers, the latter should remember that failure to repay can have dire consequences
For salaried, it's a depreciating asset with no tax benefit
Explore online platforms that offer certifications, warranties, and have partnerships with financiers
Lending partners at times charge a higher interest rate to pass on hefty commissions to dealers
If the borrower has a good credit score and a relationship with the bank, he can check personal loan offers
Besides interest rates, compare LTV, processing fee, pre-payment charges
This is how the car loans offered by various banks stack up
Here's how the car loans by various banks stack up
Here's how the car loans by different banks and NBFCs stack up
Here's how the car fees and terms of top banks
Compare lenders on parameters like interest cost, prepayment and foreclosure charge before making a choice
It helps secure loans faster. However, ensure that documentation and registration have been done