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Originally Posted by Samurai  Holy cow, two years back I got 7.3% with HDFC for my Baleno. At 13%-14% it really hurts to buy a new vehicle.  |
And 2 years back (exact 2 years) I got roughly 6% for my car from ICICI.
And yes you can simply pit one against the other. Even the DSAs of the same bank. I was getting around 6.25% from a ICICI DSA as a final offer, the lowest till then. When I went to book the dealer had a ICICI guy at their showroom through whom they wanted to route the loan. However the guy quote 6.35% as a final offer. I deliberately played him off against the other DSA and fibbed that I am getting less than 6% and I am not having the loan through him. They tried a lot and then after several phone calls etc he came back with roughly 6% and said thats the lowest any DSA can ever give me. So I agreed after some dilly dallying. The moral being even the same bank's DSA undercut each other, particularly when the deal is at its last leg, to snatch business.