NEWS & ADVICE : CAR LOANS
Your dream car - with good Car Loans from Banks in India
By Joseph Samson
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As we succeed in life and achieve new milestones, we reward ourselves with better things. Buying a car is one such thing, and most of us look forward to it. However, it is not essential that you must have the entire amount to fund the car in your pocket. Based on certain conditions, banks in India are more than willing extend a car loan to finance the major share of the car's cost. Getting your dream car is now very easy with a good car loan.

A secured loan

Beginning with the basics, a car loan by nature is a secured loan. In simple words, the vehicle or car you are buying will be the collateral or security for your loan. Until you complete the loan repayments, your lender will have complete authority over the purchased car. So to avoid any inconvenience, it is essential that you follow the repayment schedule strictly.

The margin money or down payment

Whenever you go out for a car loan, there is some amount (usually 15% to 30% depending on the car model and bank), which has to be paid up front to the car loan company. This amount is called the margin money or the down payment. So, if you want to buy a car whose cost is Rs. 5,00,000 the bank will ask you to deposit anywhere between Rs. 75,000 to Rs. 150,000 as the margin money or down payment.

Car loan on ex-showroom or on road prices?

Some banks like State Bank of India provides car loans at On Road Prices. This means that the loan amount sanctioned for your cars will contain the ex-showroom price of the car plus the insurance, the road tax and any other amount that is required. The car loan amount in case of On Road Price will be significantly greater than the Ex-showroom price of the car. Let us take an example.

Suppose you want to buy a car which has an ex -showroom price of Rs. 5,00,000. To insure this vehicle you have to pay Rs. 18,000, and for the road tax you have to pay Rs. 4,000. Thus the total cost of ownership of this vehicle is Ex-showroom price plus insurance plus road tax, that is Rs. 5,22,000. So, if you get a loan from bank which gives you car loan on Ex-showroom prices you will have to pay the Insurance and Road tax from your pocket. If you get an On Road Price car loan you won't have to pay this amount, instead it will be clubbed in your car loan.


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(Comments Posted : 6) Post Your Comments
1. Hola,

¿Cuáles son sus necesidades financieras?
Otorgamos préstamos a un mínimo de $ 2,000.00 hasta un máximo de $ 100,000,000.00 de comodidad duradera, de 1 a 30 años a una tasa de interés muy baja del 2%.

¿Necesitas un préstamo comercial?
¿Necesitas un préstamo personal?
¿Quieres comprar un auto?
¿Quieres refinanciar?
Necesitas una hipoteca?

¿Necesita un gran capital para comenzar su negocio o expansión? ¿Has perdido la esperanza y piensas que no hay salida y que las cargas financieras permanecen?
Por favor, no dude en contactarnos para una posible cooperación comercial.

Contáctenos por correo electrónico: jdfinancier.agencia@yandex.com
Jorge (Posted: Oct 26, 2017)
2. ¿En cualquier tipo de dificultades financieras? ¿Necesita un préstamo para liquidar sus deudas? ¿Vas a aumentar tus finanzas? Eres una persona de negocios que quiere expandir su empresa. Por la presente, se le solicita que se ponga en contacto con el verdadero héroe, la confianza y los préstamos de crédito de la compañía de préstamos efectivos. Aprendí a las personas y al gobierno por nuestra alta eficiencia.

Los servicios incluyen:

* Préstamos personales (seguros y no garantizados)
* Préstamos comerciales (seguros y no garantizados)
* Mejoras para el hogar
* Préstamos de inventor
* Préstamos automotrices
* Préstamos agrícolas

Entregamos préstamos personales en el rango de $ 1000 a $ 500000, mientras que los préstamos comerciales se entregan desde $ 10,000 a $ 50000000 y este préstamo se otorga a individuos de 1 año a 30 años con una tasa de interés del 2% que es muy asequible Por favor, contáctenos si está interesado, a través de jdfinancier.agencia@yandex.com

Sinceramente,
Jorge Dominguez (jdfinancier.agencia@yandex.com)
Jorge (Posted: Oct 14, 2017)
3. Hello to all those who receive a legitimate loan have always been a big problem for customers who have financial problems and need a solution. The issue of credit and collateral is something that clients are always worried about when looking for a loan from a legitimate lender. But ... we've made that difference in the lending industry. We can arrange for a loan of the range of $ 10,500. At $ 9500,000,000 as low as 2% interest please respond immediately to this email: (carlosfinancialcompania@yandex.com)

Our services include the following:
Debt Consolidation
Second mortgage
Business Loans
Personal loans
International Loans
Loan for any type
Family loan
ETC

No social security and no credit check, 100% guarantee. All you have to do is let us know exactly what you want and we will surely make your dream come true. (LOAN COMPANY). SI says when your banks say NO. Finally, we finance small-scale lending company, intermediaries, small-scale financial institutions because we have unlimited capital. For more details on how to get a loan, contact us, please respond immediately to this email: (carlosfinancialcompania@yandex.com)
JOSE PEREZ (Posted: Sep 12, 2017)
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