Team-BHP - View Single Post - ARTICLE: How to get the lowest EMI & the best Finance Deal

rohitbagai · 2nd March 2007, 23:46

Nationalized banks don’t give such discounts. Private Banks like ICICI HDFC Etc give these types of discounts. DSA/DMA's are Direct Sales Associates/Direct Marketing Associates for the private banks. Many small financers are DSA/DMAs of private banks. They usually give better discounts than bank itself. Dealers are least bothered to give you best discounts as they have other streams of revenues. They just need DO (Delivery Order) from bank or financer to deliver you the car. Also if you have an existing relationship with the bank for example a home loan or a credit card from ICICI. The bank will give additional 0.25% discount on the overall rate of interest. On the other hand the FI report is not necessary in such a case and you can get loan disbursed more quickly.

2nd March 2007, 23:46	#34 (permalink)
rohitbagai BHPian Join Date: Aug 2006 Location: New Delhi Posts: 193	Nationalized banks don’t give such discounts. Private Banks like ICICI HDFC Etc give these types of discounts. DSA/DMA's are Direct Sales Associates/Direct Marketing Associates for the private banks. Many small financers are DSA/DMAs of private banks. They usually give better discounts than bank itself. Dealers are least bothered to give you best discounts as they have other streams of revenues. They just need DO (Delivery Order) from bank or financer to deliver you the car. Also if you have an existing relationship with the bank for example a home loan or a credit card from ICICI. The bank will give additional 0.25% discount on the overall rate of interest. On the other hand the FI report is not necessary in such a case and you can get loan disbursed more quickly. Last edited by rohitbagai : 2nd March 2007 at 23:51.