NEWS & ADVICE : CAR LOANS
Your dream car - with good Car Loans from Banks in India
By Joseph Samson
Print    Email    RSS   

As we succeed in life and achieve new milestones, we reward ourselves with better things. Buying a car is one such thing, and most of us look forward to it. However, it is not essential that you must have the entire amount to fund the car in your pocket. Based on certain conditions, banks in India are more than willing extend a car loan to finance the major share of the car's cost. Getting your dream car is now very easy with a good car loan.

A secured loan

Beginning with the basics, a car loan by nature is a secured loan. In simple words, the vehicle or car you are buying will be the collateral or security for your loan. Until you complete the loan repayments, your lender will have complete authority over the purchased car. So to avoid any inconvenience, it is essential that you follow the repayment schedule strictly.

The margin money or down payment

Whenever you go out for a car loan, there is some amount (usually 15% to 30% depending on the car model and bank), which has to be paid up front to the car loan company. This amount is called the margin money or the down payment. So, if you want to buy a car whose cost is Rs. 5,00,000 the bank will ask you to deposit anywhere between Rs. 75,000 to Rs. 150,000 as the margin money or down payment.

Car loan on ex-showroom or on road prices?

Some banks like State Bank of India provides car loans at On Road Prices. This means that the loan amount sanctioned for your cars will contain the ex-showroom price of the car plus the insurance, the road tax and any other amount that is required. The car loan amount in case of On Road Price will be significantly greater than the Ex-showroom price of the car. Let us take an example.

Suppose you want to buy a car which has an ex -showroom price of Rs. 5,00,000. To insure this vehicle you have to pay Rs. 18,000, and for the road tax you have to pay Rs. 4,000. Thus the total cost of ownership of this vehicle is Ex-showroom price plus insurance plus road tax, that is Rs. 5,22,000. So, if you get a loan from bank which gives you car loan on Ex-showroom prices you will have to pay the Insurance and Road tax from your pocket. If you get an On Road Price car loan you won't have to pay this amount, instead it will be clubbed in your car loan.


Page  | 12 |  
(Comments Posted : 9) Post Your Comments
1. OPORTUNIDAD DE PRÉSTAMO

¿Estás pensando en obtener un préstamo? ¿Ha sido rechazado por su banco? ¿Necesita pedir prestado dinero pero no está seguro de dónde debe ir para obtener el dinero que necesita? Un buen lugar para comenzar a buscar un préstamo es de nuestra compañía de préstamos.

Con una tasa de interés baja del 2% y préstamos, nuestro rango de préstamo es de 50,000.00 EURO a 8,000,000.00 EURO. si se pregunta qué tipos de préstamos están disponibles para personas o empresas, aquí hay una lista de ellos:

Ofrecemos los siguientes tipos de préstamos:

* Préstamos comerciales. * Consolidación de deudas * Préstamos personales. * Préstamos Comerciales. *Préstamo hipotecario. * Préstamos de inversiones. * Préstamos de desarrollo * Préstamo de construcción * Préstamos comerciales y muchos más:

* ¿Estás financieramente exprimido? * ¿Busca fondos para pagar créditos y deudas? ¿Busca financiamiento para establecer su propio negocio? * ¿Necesita préstamos privados o comerciales para diversos fines? * ¿Buscas préstamos para llevar a cabo grandes proyectos? * ¿Buscas financiación para otros procesos?

Indique su interés por correo electrónico (carlosfinancialcompania@yandex.com) para su proceso de préstamo.

Por favor contáctenos para más información:
(carlosfinancialcompania@yandex.com)


Saludos.
EQUIPO DE MARKETING
Carlos Financial Compania
GOMEZ (Posted: Feb 20, 2018)
2. OPORTUNIDAD DE PRÉSTAMO

¿Estás pensando en obtener un préstamo? ¿Ha sido rechazado por su banco? ¿Necesita pedir prestado dinero pero no está seguro de dónde debe ir para obtener el dinero que necesita? Un buen lugar para comenzar a buscar un préstamo es de nuestra compañía de préstamos.

Con una tasa de interés baja del 2% y préstamos, nuestro rango de préstamo es de 50,000.00 EURO a 8,000,000.00 EURO. si se pregunta qué tipos de préstamos están disponibles para personas o empresas, aquí hay una lista de ellos:

Ofrecemos los siguientes tipos de préstamos:

* Préstamos comerciales. * Consolidación de deudas * Préstamos personales. * Préstamos Comerciales. *Préstamo hipotecario. * Préstamos de inversiones. * Préstamos de desarrollo * Préstamo de construcción * Préstamos comerciales y muchos más:

* ¿Estás financieramente exprimido? * ¿Busca fondos para pagar créditos y deudas? ¿Busca financiamiento para establecer su propio negocio? * ¿Necesita préstamos privados o comerciales para diversos fines? * ¿Buscas préstamos para llevar a cabo grandes proyectos? * ¿Buscas financiación para otros procesos?

Indique su interés por correo electrónico (carlosfinancialcompania@yandex.com) para su proceso de préstamo.

Por favor contáctenos para más información:
(carlosfinancialcompania@yandex.com)


Saludos.
EQUIPO DE MARKETING
Carlos Financial Compania
GOMEZ (Posted: Feb 20, 2018)
3. Check out MR CLIFFORT newly designed super intelligent blank ATM cards Which have been specially programmed to withdraw free cash from any ATM Machine worldwide He has hacked the sum of one million dollars into each of the cards. please beware of scams selling counterfeit cards he sell the original cards with documents to validate the transactions. He deliver this cards to all any customers and interested buyers worldwide and it has changed the life of many people including me. I purchase mine to give a try and i saw many people talking about him, i tried my best to get one by doing what he ask me to do with the instructions, he make my card and sent to me without stressing me. Today I'm so happy seeing myself been rich, so i have to tell everyone who might need his help. he have various cards and various prices for them and the cards has expiring date and i cash out $10,000 daily. Today I have my car and I’m rich I can pay more rent now. you can email him on cliffordhackerspays@gmail.com
Brittany Wood (Posted: Jan 25, 2018)
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
A Complete Guide on Car Loans for NRIs
TIPS FOR ASPIRING CAR BUYERS AND OWNERS
This is how a bank lends money
Used Car Loan Melas in India
Manage your loans, avoid recovery agents


Hello I am looking to renew my car insurance and I...
my loan no
Lonavala Caℓℓ Girℓs 9765946980 / 9970712349...

NEWS THIS WEEK
SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive