How does SBI Car Loan compare with those offered by other institutions?

1 ANSWERS

1. Guest22773978
   

   There is total transparency with regards to the rate of interest and the fees charged by us. We offer loans for the longest tenors (84 months) with the flexibility to reduce the tenor by prepaying the loan without attracting any penalty. We also provide finance for both new vehicles as well as old cars (not more than five years old) With an SBI Car Loan you can also choose between fixed rates of interest (for loans up to Rs. 5 lac) and floating interest rates. We levy interest based on daily/monthly reducing balance, unlike the flat rate of interest or interest based on annual reducing balance method used by several other financiers We provide finance for one-time road tax, registration fee and insurance premium also. We provide free Personal Accident Insurance up to the outstanding amount, so that in case of accidental death, your near and dear ones are not required to repay the loan. We do not charge any advance EMIs

   Report (0) (0)  |   1 year, 3 month(s) ago