Ramki, You will need to pay only the balance amount to the dealer. The bank will give you a sanction letter once you have submitted all the documents. You will then have to sign up the loan agreement and other documents.
Based on the sanction letter, the dealer will tell you what is the balance to be paid. You will need to submit the dealer's letter to the bank and get the DD issued. Then go with the bank's pay order (and bank's rep who will also go with you) and your own DD to the dealer.
Be sure to negotiate with the dealer for discounts on ICE, sunfilm, etc that you want. |