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|25th December 2009, 23:43||#1|
Join Date: Jun 2008
Thanked: 3 Times
Car loan at Central Bank of India (CBI)
I have booked a Swift Dezire last month and the delivery date is on 30th December. I am taking loan for 4 lakhs from central bank of india. The loan process will take hardly two days as my dad knew the manager. The ROI for three years loan is 10% and the EMI quoted was Rs.3240 per Lakh. There is no processing fee and no preclosure charges. I don't know whether it is a good deal or not. Please advice me on this regard so that i can proceed accordingly.
|26th December 2009, 11:55||#3|
Senior - BHPian
Join Date: Sep 2009
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Just for sure, you should have checked with other banks like SBI, UBI?
EMI Rs.3240 per lakh (if it is for 3 years) seems little high?
(you didnt mention the tenure of the Loan?)
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