loan deal for hyundai verna

khadoos baby · 14th June 2008, 13:12

guys, plannin to buy verna sx ABS:-
I want opinion:

1) should i go for black or white?

2) sharayu hyundai vashi, offers me

- tata capital finance- 14.5% and finance discount of 25000?i am yet to understand whats this finance discount?
thus EMI COMES TO - 14717 FOR 5 YEARS
- bank of maharashtra offers me at 11.5 %
with no discounts , emi comes to -13900 for 5 years!

why such amazing disparity? i am totally confused? is there something i am missing or wat?
with concession of 1000 hard earned bucks.. why would any1 ever go for private finance firms?

icing on cake-- processing fee.... bank of maharashtra-2000 rs flat and with tata its 4900!!!!

kindly comment?

blip · 14th June 2008, 21:03

Hi ,

Pardon my ignorance but i am little confused here.

The OTR price of Verna Sx ABS is around 9,57,000 (in bangalore,slight difference might be there in mumbai).

@ 11.5 % intrest rate for 5 years intrest rate shouldn't the EMI be

around Rs 20,851 per month.

Could you please explain how you calculated EMI?

khadoos baby · 15th June 2008, 20:13

Post Deleted by the Team-BHP Support : SMS / Slang is STRICTLY prohibited on this community. We would much appreciate your using full & proper english in posts, for the benefit of other forum users.

Please view our board rules carefully before proceeding any further.

14th June 2008, 13:12	#1
khadoos baby BHPian Join Date: Oct 2007 Location: Navi Mumbai Posts: 69 Thanked: 3 Times	loan deal for hyundai verna guys, plannin to buy verna sx ABS:- I want opinion: 1) should i go for black or white? 2) sharayu hyundai vashi, offers me - tata capital finance- 14.5% and finance discount of 25000?i am yet to understand whats this finance discount? thus EMI COMES TO - 14717 FOR 5 YEARS - bank of maharashtra offers me at 11.5 % with no discounts , emi comes to -13900 for 5 years! why such amazing disparity? i am totally confused? is there something i am missing or wat? with concession of 1000 hard earned bucks.. why would any1 ever go for private finance firms? icing on cake-- processing fee.... bank of maharashtra-2000 rs flat and with tata its 4900!!!! kindly comment?
	() Thanks

14th June 2008, 21:03	#2
blip BHPian Join Date: Jun 2008 Location: Bangalore Posts: 45 Thanked: Once	Hi , Pardon my ignorance but i am little confused here. The OTR price of Verna Sx ABS is around 9,57,000 (in bangalore,slight difference might be there in mumbai). @ 11.5 % intrest rate for 5 years intrest rate shouldn't the EMI be around Rs 20,851 per month. Could you please explain how you calculated EMI?
	() Thanks

15th June 2008, 20:13	#3
khadoos baby BHPian Join Date: Oct 2007 Location: Navi Mumbai Posts: 69 Thanked: 3 Times	Post Deleted by the Team-BHP Support : SMS / Slang is STRICTLY prohibited on this community. We would much appreciate your using full & proper english in posts, for the benefit of other forum users. Please view our board rules carefully before proceeding any further. Last edited by GTO : 16th June 2008 at 14:36.
	() Thanks $Received Infraction$