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Originally Posted by dmitri I took my car loan from Federal Bank, the interest rate is 12% with processing charge of 0.5% with a minimum of Rs 1500.
SBI has the lowest rate i think, 10.5% and they dont charge any prepayment penalty also. But its not an easy task to get a loan approved from SBI. |
hey one more thing i forgot to add was that second hand loan rates vary drastically with the car make and model....so dmitri it would greatly help if you can quote details about your car, the amount of loan availed, tenure, etc.
~A