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Old 22nd October 2008, 22:07   #16
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Quote:
Every executive of SBI has their own rules and regulations
Hahaha. That was a left handed complement, right?
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Old 22nd October 2008, 22:12   #17
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Along with SBI try Bank of India - when i checked with them last month they were giving at 12.25%.
Forget HDFC and ICICI as PSU banks are more reliable and hassle free.
Or if you can wait a bit Interest rates are supposed to come down as per RBI repo rate cut.
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Old 23rd October 2008, 13:20   #18
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Update:
I spoke to Reliance Finance & they gave me a bigger shock - 16% & the guy at the other end tells me sternly to take it or leave it when I politely try to bargain.
ICICI has been telling me that they will get back ASAP. Dont know what do they exactly mean by ASAP.
Now comes the glimmer of hope - I spoke to the sales guy in Concorde Motors with reg to my problem. It was then that he informed me that SBI was offering a floating rate of 12.75% & he will also try & get the processing fee waived off.
However I am now left confused with this Floating Rate business. Is this the same as in Home Loans. If so then it could be beneficial to me since the rates might come down.
What do U guys suggest? Should I finally settle with SBI?
Also ppl who have bought the Vista - What were the freebies given to you, in case if there were any?
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Old 23rd October 2008, 15:52   #19
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Sbi is good. Try to strike the deal. I dont think any freebies are given with Vista right now.
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Old 29th October 2008, 02:17   #20
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If it helps. I had taken a 5 year loan on my Indica DLS in May 2006 from ICICI bank. The interest then was 8.75%. Have since closed the loan over a year back. This was from an agent at the dealer's premises itself. Wasan Motors, Borivli.
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Old 29th October 2008, 11:28   #21
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Maverick,

I had opted for Tata Motor Finance when I bought my Indica (DLG TCIC) in Mar '06. It was a fixed rate loan, costing me Rs 7865 for 2.5 lakhs at that time. I found it quite competitive and totally hassle-free.

Regards,
Sameer.
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Old 29th October 2008, 21:31   #22
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[quote=rkg;1025634]I have taken loan from Vijaya Bank @13% for 5 years, 3.5 lakhs for Indica vista. Loan was disbursed in the first week of Oct, 2008. EMI was rounded off to Rs 8000/=
No processing fee except Rs 450 as stamp paper.

Check Canara Bank has 12.5% fixed rate


Hi,

The latest policy in Canara Bank is, there is no fixed rate for above 3 yr's loan, after completion of 36 month's, it will be changed/refixed to rates in that paticular period, it's just like home loan's.......
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Old 31st December 2008, 18:39   #23
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I took Tata Motor Finance loan and over a loan of Rs. 275000 and 36 month period I pay Rs.8930 per month. This was in May 2008. I found this rate better than HDFC where I have a relationship of more than two years including a salary account. But Tata finance will collect more personal details from you including you fathers job, your wife's job, your horoscope, your house vaastu and what not! Otherwise they are extremely competitive and even forgave me once when one of my checks got declined in the bank.
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Old 16th January 2009, 18:08   #24
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I spoke with Bank of India Representative and he told me that car loan rate is 11 percent for a loan of 3.5 lacks

As far as my Research goes,this is the best rate available

The car loan rate is fixed (for 36 months

-Hdi
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Old 19th January 2009, 09:35   #25
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I checked this url to compare all the loan rates.

Compare Car Loan Rates for a new car : Rupee Times

-hdi
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Old 20th January 2009, 16:52   #26
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Quote:
Originally Posted by hdi_pro View Post
I spoke with Bank of India Representative and he told me that car loan rate is 11 percent for a loan of 3.5 lacks

As far as my Research goes,this is the best rate available

The car loan rate is fixed (for 36 months

-Hdi
Are you sure they don't bargain?
When I bought my Verna HDFC bargained with me.
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Old 20th January 2009, 18:14   #27
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I am not sure what you mean by "bargain".

I just spoke with their customer rep over the phone.

-hdi
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Old 21st January 2009, 09:30   #28
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Quote:
Originally Posted by hdi_pro View Post
I am not sure what you mean by "bargain".

I just spoke with their customer rep over the phone.

-hdi
Sirji they will come down on the % of interest. May not be more but still they come down.
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