Car Loan Tips
Most banks finance 80–90% of on-road price. A larger down payment reduces EMI and total interest. Car loans are typically secured (car as collateral), hence interest rates are lower than personal loans. Check SBI, HDFC, ICICI, Axis bank rates before finalising.
⚠️ Disclaimer: Rates vary by lender, credit score, and car type. Verify with your bank. Source: RBI, individual bank websites.