Looking to buy the new car with the help
of car loan? Then you need to do
good comparison different banks. This will help you to get the loans at the
lowest possible interest rate. The interest rate on the car is varying in the
range of 10% to 13% and this is absolutely not a low number. One can go ahead
and avail the loan from any bank- private or public. But looking at such
variation in the range of a car loan, it calls for a good comparison.
Car loan can be taken
from any bank a discussed above but one must take in the help of car loan calculator
so that you should know the amount of emi that you would be paying to the bank
after availing the loan from them.
Summary: Car loan should be compared across different banks before availing the same so as to get linked with the right
bank giving out loan at lowest possible interest rate.