• Car Loan BYTES FROM OUR KITCHEN

    Car Loan Tips

    TIP OF THE DAY

    • TIP 1#

      Look for the best interest rate: It’s easy to go with the loan that is offered by your car dealer but don’t forget to evaluate other options as well. Always look around for car loan deals offered by different banks to get the best possible interest rate.

    • TIP 2#

      Loan tenure: It’s not always good to go for loans with long tenures. Such loans often involve high interest rates. The longer the tenure, the more interest you pay. Choose the shortest tenure possible for your car loan; you might have to pay higher EMIs but you will save a lot on your interest payments.

    • TIP 3#

      Down-payment: Consider how much down-payment you can afford before applying for a loan. The higher the down-payment, the lower will be the amount that you need to borrow. It will also reduce the total money you need to return to the lender over the loan tenure. So save up as much money as possible to make the down-payment for your car loan.

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