01 May 2017 17:11:33
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Take The Right Car Loan
Firm up car brand and model
This is the first step in the search for the right car loan.Contact car dealer for the priceGet the quotes from as many dealers as you can
Enquire about special finance schemes. Also, get details of lending institutions with which these dealers have tied up for speedy car loan processing.Check out the best offer from lenders at dealerships
Check out with your car dealer the loan rates and other charges by different lenders. Since other charges are typically one time payments, it makes sense to take a decision based on the best rate offered.Check with other banks
You can also scout for other lenders, especially PSU banks, for lower rates and prepayment flexibility. However, PSU banks may lag behind in loan processing. Check with your existing bank since it might offer concessions to its customers. Compare all such offers besides the offers at the dealer. Opt for one that seems to be the best.We hope you found this useful. Please leave behind your comments and suggestions. For more, download our mobile app, visit our website www.fundoomoney.com and subscribe to our YouTube channel and digital magazine FundooMoney Indian. Also, follow us on Instagram, Pinterest and Slideshare.
