Quote:
Originally Posted by bblost  You can take a personal loan for anything.
Its a simple loan wherein the bank checks your ability to pay back and gives you money.
The interest % is dependent on your credit history and mostly on where you work. For example when I took my loan I was offered 11% by Icici but this was for my company. Otherwise the normal rate was in the range of 16% at that time.
Also there is no entry in the RC book of the car from the bank.
The car and the loan remain as separate entities. |
Sadly I'm not eligible for a corporate discounts for Personal loan as the company do not come under their list so I think I might end up paying the same interest rates as of the used car loan's interest rate, right guyz?