Thanks mithun.U mean its not wise to go with dealer finance(Citibank)?? hmmm SBI. I've an account in SBI and will that help me to get a better deal. When i asked about a month ago they(SBI) quoted 9% interest. Don't know whether it includes all the charges. How much loan will they approve for me. They said 1 lakh/annum should be my income and its way above it.
One more Q. How should i approach the dealer say that i've got bank approval of the loan sanctioned. Then what should i pay as downpayment. Is it that what ever the dealer quotes or say i give some money and the rest will pay as EMI?? I'm ready to give a downpayment of 75K. Will it be ok with the dealer?? Plz clarify. |