Car Loans

Here is how the car loan interest rates offered by banks stack up

Here is how the car loan rates offered by various banks stack up

EVs are expensive but economical on the long run; they are likely to become more popular as charging infra improves

Besides discount, look for free warranty, insurance and accessories to lower purchase cost

RBI MPC: What should borrowers & depositors do amid rising interest rates?

The RBI on Wednesday again nudged up the repo rate by 50 basis points. The move will push up borrowing costs, from home to auto loans. What should depositors and borrowers do in this scenario?

Provisioning burden pegged at Rs 557-667 crore

Maruti Suzuki India (MSI) on Wednesday said it has joined hands with Indian Bank to facilitate easy finance for customers. As part of the partnership, the company's customers can avail the loan benefits in over 5,700 plus branches of Indian Bank at metro, urban, semi-urban and rural locations. Maruti Suzuki customers, under this exclusive scheme, can avail loans up to 90 per cent of the on-road price of the car besides getting benefits of zero processing charges, free accidental insurance cover up to Rs 30 lakh, free fastag and repayment tenure up to 84 months on their loans. The scheme is open till June 30 2022. "About 80 per cent of retail sales in the automobile industry happen through financing and to enable our customer's car-buying decisions, Maruti Suzuki has initiated several partnerships with banks & NBFCs across the public and private sectors. It is our firm belief that this partnership with Indian Bank will go a long way to cater to the diverse finance requirements of .

But even in a seller's market, some tricks like selling your car instead of exchanging it, and buying a less popular colour, can help you save money

State-owned Bank of Maharashtra on Friday said it has launched a digital lending platform for its home and car loan customers.

Positive management outlook post Q2 results has tempted analysts to upgrade their rating

Here is how the new car loans offered by various banks stack up

The country's largest lender is offering the lowest interest rate starting from 7.5 per cent to customers opting for car loans

Take your repayment capability and the extra interest cost involved when choosing a restructuring option

The RBI is also seeking information on steps taken by HDFC Bank to remedy any issues identified during the investigation, the people added, asking not to be named.

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