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How-To-Get-Best-Auto-Loan
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#How-To-Get-Best-Auto-Loan

Harshala Chandorkar of CIBIL will offer tips on how to negotiate with banks...  more »
Harshala Chandorkar of CIBIL will offer tips on how to negotiate with banks to get the best rates on auto loan in an online chat between 3 pm and 4 pm, January 20.  « less
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debajyoti roychoudhury

Should one go for fixed rate or floating rate of interest. SBI charges floating rate of interest unlike private sector banks which charge on fixed rate of interest

Should one go for fixed rate or floating rate of interest. SBI charges floating rate of interest unlike private sector banks which charge on fixed rate of interest #How-To-Get-Best-Auto-Loan
Posted : 6 months ago
Sab ko Bol
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HC

Harshala CYes, most of the private sector banks charge fixed rate of interest for auto loans. If in your judgement the rate of interest is likely to go down during the tenure of the loan you should opt for a floating rate of interest else go for a fixed rate. But also keep in mind that the car loan is typically a 3 year loan and you should consider interest fluctuations for a period of 3 years

 
Yes, most of the private sector banks charge fixed rate of interest for auto loans. If in your judgement the rate of interest is likely to go down during the tenure of the loan you should opt for a floating rate of interest else go for a fixed rate. But also keep in mind that the car loan is typically a 3 year loan and you should consider interest fluctuations for a period of 3 years
6 months ago  
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