Best interest rates on car loan?

[fageriaji]

Hello Guys,
Hope all you are doing good.
I need a car loan around 15 Lac for 4 year as I am planning to buy a new car.
Can anyone suggest best bank for car loan with lowest interest rates ?
My primary requirement is to avoid prepayment/ foreclosure charge.
Lowest processing fee and lowest interest rate.

@Abhishek012 , @D₹V @SSV any idea?

 

[6ix9ine]

Guys need some inputs and advice, Instead of financing a car and avoid debt burden, can family members jointly contribute in the purchase, dividing the amount proportionally? Say 16 lakh car, car booked on mother’s name, can a family of 4 contribute 4 lakh each through online transfer to dealership? Any tax implication or justification/document required in such transactions? Thanks!

Why not transfer 4L each from 3 members to that person's account, who is going to be owner of that?

and give them cheque of 16L.

 

[6ix9ine]

Transfer to account as gift?

Just simple NetBanking transfer mate, you don't need to report this 4L as a "family gift", no one is going to ask for it.

This is penny for ITD, and banks rarely report netbanking transfers, telling from experience. Have done more than 10-15L, it's all breeze.