Car Loans

Get your dream vehicle with one of the Best Car Loans in INDIA

Agenda

• Loan Contract

• Loan Repayment Schedule

• Secured loan

• Unsecured loan

• Selecting the car

Loan Contract

A Contract that specifies the terms of a loan, as agreed to by the borrower and the lender

Amount of the loan Interest rate

Loan Repayment Schedule

Amortize: To repay the principal of a loan through a series of equal payments each payment includes part of the principal and part of the interest

Maturity: The life or duration of the loan longer maturity equals lower payments, but more interest is paid over the life of the loan

Car Loan Options

Secured loan:A loan that is backed or secured by collateral which could be repossessed if the lender defaulted on the loan

Unsecured loan: A loan that is not backed by collateral

Selecting the car — things to consider

Personal preferences Price Insurance Resale value Repair expenses Financing rate

Negotiating the Price

Negotiating by phone may be beneficial

Trade-in tactics can be misleading No-haggle dealers can save time and

stress Information is valuable – shop

around Purchasing a car online is possible,

but not yet a streamlined process

Car Loan Interest Rates from Different Banks

Financing Decisions

Estimate INR amount of monthly payment you can afford before shopping

This Car Loans in INDIA provides a car loan interest rate quotation based on your desired car, the amount you need to borrow, and the term of the loan.

For More Information About Car Loans Visit:

Car Loans in INDIA

Car Loan Interest rates