Psbl check with IOB too . They have something like PUSHPAKA SCHEME for vehicles. Their int rate as well as pre closure rules are always better then ICICI and other goons hired banks. KVB is also good in car loans. Many customers are lured by NON PSU by making them not to visit the banks & do everything either at the showroom or at customers house/office but making the customers to pay 16 or even 17 or 18 percent diminishing & do have high foreclosure int ( 4-5 %), whereas with PSU we have to make 2 0r 3 visits YET we can save so much . with PSU one can also pay extra amount as & when you can , WHICH will reduce the EMIs.. whereas with these so called multinational you can't cause THEY FIX their terms & see to that you pay FULL EMIs or close if & only you pay 4-5 percent added int on the available principal - to pay.
so if ur records are clean it should be PSU only . my sincere view.
Quote:
Originally Posted by Woods  Hi all,
This is my first car 
I've been quoted interest of 11.9% for 3Lakhs for 3 years.
with a EMI of 6900/-
Can somebody comment if its a good deal or I should bargain more? 
Thanks!
Amit |