With the increased incomes of many Indians leading to increased sales of the local automobiles , the global automakers have come forward to make luxury cars available to the Indian market at cost which can be affordable, considering in past, how these products were imported and had huge taxes over them. This move, is basically,… Read More »
During this period of credit crunch, and rising interest rates, it is not advisable to bank a huge amount of interest on your car loan. Prudent borrower is the one, who can finance atleast 30% of his car amount and take a loan on the rest. Here is a following checklist of what you can… Read More »
If you have taken a vehicle insurance on your car loan it is the best move you could make as a borrower of a loan. However, you need to ensure that you keep pace with the developments happening in the insurance and the finance so that you can make wise decisions with the situation in… Read More »
After the increase in home loan rates, auto loans are also following the trend. “We were offering discounts to the tune of 25-100 bps which we will now stop. As a result, our rack rates will now be between 10.5-11 .75% for a 36-month tenure,” says Ashok Khanna, senior executive vice-president and business head auto… Read More »
With the stringent steps being taken by RBI, the latest news they have to offer you is that, auto loan rates are going to increase by 50 basis points .i.e 0.50%, since 1 basis point =0.01 %. Although the change in rate may appear tiny, but it can have a huge impact on your finances.… Read More »
Subvention – a common trend in the Indian financial sector in order to boost the overall business. The concept of providing financial incentives is quite common especially in the car loan segment, although it has been introduced recently in the housing sector. However the extent of providing these incentives is not standardised. The process is… Read More »
Here are 7 steps on how you can zero down on a best car loan deal : Finalize the car : You must remember that, different cars carry different interest rates. And when you visited your dealer after seeing the advertisement, the interest rate then might not be the same now. So, first, decide which… Read More »
Well, it is obvious that, for a great holiday you need deep pockets that can cover up all your expenses that your family is bound to make. But have you thought how handy can a loan come in this kind of a situation? So, this vacation you have thought about a foreign holiday. Greece, Paris… Read More »
When you decide to buy a home there are number of things that need to go in your to do check list. There are also a list of things that needs to go into your DO NOT checklist. Here is one such list for your quick reference.
This is what any prudent loan applicant will do. If you want to enjoy lower interest rates on your home loan during the course of your home loan tenure, do not change your lender. Ravi(39) had borrowed a home loan in the year 2005 which was at 5%, now with the inflation, and rising prices,… Read More »