WHICH IS THE BEST BANK WE SHOULD APPROCH FROM THE POINT OF CAR LOAN RATES?
Written By: admin on October 4, 2009
One Comment
WE WISH TO SEEK A LOAN OF RS 3,50,000 FOR A PERIOD OF 24 MONTHS.
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The best bet now is SBI and during festival season it is 8 percent in 1st year and 10 in the second and 3rd year .The main attraction is even if you close yr loan after 1 year there is no penal interest.But the process is time consuming ,showing past 3 yaers it returs ,bank salary statement and so on.
The new generation bank charges more say 11.5 percent but is quicker and will charge a penal interest if u close yr loan early.Processing fees is about Rs 3000 plus
The PNB charges say 10.5 percent and carries a 1 percent of the loan amount as processing fees plus stamp fees etc ,I had to pay Rs 3800 as processing fees for a 3 lakh loan