which bank is more suitable to taken car loan can u

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which bank is more suitable to taken car loan ... can u tell wich is the less rate of interest in the banks ....
  • 1516 day(s) ago by Jaya Shankar
Under:   #Cars
8
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Ravi From Chennai
For small cars the Public sector banks give loans at lesser rate of Interest. They do not give loan for luxury cars.
 

Posted: 1516 day(s) ago


Kiran
For any car, small or big, loan from Public sector banks are recommended as the interest charging procedure is depreciating whereas pvt banks it is cumulative.
 

Posted: 1516 day(s) ago


AD
PSU banks , always read the fine print.
 

Posted: 1516 day(s) ago


Ravi
Public Sector banks give loans mostly for small cars Only banks like ICICI give loans for bigger cars like CRUZE. Kiran is it necessary that you comment even if you do not know. I have tried to obtain loan for my Boss That is why I am sure.
 

Posted: 1515 day(s) ago


Ravi From Chennai
Here is the Logic say you and I both avail Loan You Buy Chevrolet Cruze and I buy Alto 800 and after 6 months we each decide to return the cars to the respective banks. The amount I have paid as advance plus the installments and the price for which the used car sells will recover the banks loss but in your case the used car will not even fetch half its price so that is the reason Public sector banks stay away from financing costly cars.
 

Posted: 1515 day(s) ago

Public sector banks like Corporation bank, State banks would be good.
 

Posted: 1515 day(s) ago


Kiran
Mr.Ravi, I have a sanction letter from a reputed PSU lying write at my desk now for a loan for Audi A4 2.0TDI Technology edition, you want me to mail it to you ?
 

Posted: 1515 day(s) ago


Kiran
And Audi A4 costs double as much Cruze.
 

Posted: 1515 day(s) ago


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