If you’re searching for a new or used car, chances are good that you’re planning on financing.
But before you sign the papers at the dealership, you might want to consider if you can get better interest rates and lower your payment by financing your next car through a bank or credit union.
Which bank is best for car loan?
Best Car loan Interest Rates India March 2019
|Car loan Banks||Interest Rates||EMI per Rs 1 lakh for 7 Years|
|HDFC Bank||8.50% – 11.25%||Rs. 1,584 – Rs. 1,725|
|ICICI Bank||8.82% – 12.75%||Rs. 1,600 – Rs. 1,806|
|IDBI Bank||9.00% – 9.10%||Rs. 1,609 – Rs. 1,614|
|Indian Bank||9.00%||Rs. 1,609|
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Should I get approved for a car loan before going dealership?
Why You Should Get Pre-Approved for a Car Loan Before You Head to the Dealership. The idea behind getting pre-approved for a car loan is simple: By shopping around for an auto loan, you’ll enter the dealership with a good idea of the interest rates and terms you can expect.