Quote:
Originally Posted by dadu  Probably he has moved to bglr, didnt notice that earlier. bangalore doesnt have such laws but still to be on safe side, dont get it on the back.
Avin, are you a corporate buyer or pulling up a loan. |
Dadu, as you mentioned that even you are planning for EX....are you going on loan from banks?
Today someone from Prerna motors called...she said that she handles Tata Finance, ICICI and HDFC..
I asked for 2 options...one with 2 Lakhs downpayment and another with 3 lakhs downpayment...
Below is what she told me for EX...4*2
For 2 Lakhs downpayment:
For 3 years, the EMI will be 25568/- with interest rates of 11.5% with 1 EMI in advance
For 5 years, The EMI will be 17394/- with interest rates of 12.50 reducing..
For 3 Lakhs downpayment:
For 3 years, the EMI will be 22618/- with interest rates of 11.5%
For 5 years, the EMI will be 15387/- with interest rates of 12.5%
Also included are the post processing charges
Tata Finance = 2550/-
HDFC = 1950 + .1% of loan amount
ICICI = 2090/-
For all of them there will be a preclosure charges of 5% :(
I think that I should also check with some National banks to look for a better deal for finance...
Avi