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Old 11th November 2017, 20:55   #376
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Default Re: Which car loan company to go for?

Hi Friends,
Please help me in deciding whether SBI car loan is good?

Today, I visited Ford Dealership and inquired there for car loan too. There was a person who told me about SBI car loan.

1. Applicable interest rate based on CRISIL rating
For 7 Years
>750 => 8.7%
700 to 749 => 8.9%
<700 => 9.2%

2. No processing fee

3. No pre closure fee

4. I am not sure if there will be any part payment fee. I will check this.

5. Stamp fee - Rs. 2400

6. I was told that I can get 85% of the OTR. Can someone please share your experience on this?

7. Benefit of Max Gain (Similar scheme as Home loan by SBI).


I am looking for your experience with SBI car loan. Should I go for this?
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Old 12th November 2017, 09:32   #377
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Default Re: Which car loan company to go for?

The stamp fee can be waived off with a bit of discussion. Rest all looks standard. SBI any day!
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Old 12th November 2017, 10:40   #378
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Default Re: Which car loan company to go for?

Quote:
Originally Posted by avingodb View Post
The stamp fee can be waived off with a bit of discussion. Rest all looks standard. SBI any day!
Thanks avingodb. I will try if stamp fee also can be waived off.
Is there anything else to keep in mind when i go for carloan to any loan provider?
Thanks in advance.
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Old 12th November 2017, 11:14   #379
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The stamp duty will depend on the loan amount you wish to take. I was told by HDFC representative that the stamp duty is fixed at 1200 for a loan amount of less than 10 lakhs post which it increases to 2000 Rs..
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