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Originally Posted by swaminathanms Pardon the ignorance. So can i just walk into any nationalised bank branch and enquire about car loans? Are there no loan agents who we could go through? |
1. Its better for the customer that he deals directly with the bank than thru a 3rd party
2. You literally can walk into a bank and apply for a car loan. The only caveat is tha branch/bank requires any loan applicant to have a SB/current acc with that branch/bank. So if u dont have an acc yet, they'll require u to open one.
3. Documentation- These days, ur PAN card is a must to apply for any loan. They'll also ask for the latest 1-year bank statement of ur primary salary account. Its understood at this point that anyone who can personally refer u to the bank manager will make the whole process that much more smoother.
4. Recently, when I was doing the rounds to decide which dealership to book my Swift from (I eventually settled on RNS Motors, Yeshwantpur), I noticed for the 1st time in Sagar Motors, Bannerghatta Rd, that there were actually SBI car loan agents camped there. Just some food for thought.