what's your car loan interest rate?

[deep@vie]

what's your car loan interest rate?

 

[PREMPATEL12]

Deep bhai its 7.6% flat.

 

[deep@vie]

Deep bhai its 7.6% flat.

yar mera bhot zada hai. 9.3%

 

[hashiro7]

7.35% | Fixed | SBI | 21st April 2022

p.s: applied on 13th April 2022 @7.25% but, they processed it after 15th April 2022 - so the interest was increased by 0.10% + dual enquiry was done on the CIBIL as well - as the rate of interest was changed.

 

[eravindhar]

8.1% from Hdfc bank

 

[ankushanup1]

8.5% fixed reducing Toyota finance

 

[deep@vie]

mine is 9.3% from Sbi(May2019)& 7.25% from hdfc(Mar2022)

7.35% Fixed SBI

👍

please share the month & year in which it was disbursed.

 

[PREMPATEL12]

Deep bhai its 7.6% flat.

Jul-22

 

[Venky]

I got it sanctioned at 7.70% from BOB in july and now its at 8.1%. They also just increased the repo rate by 35 bps.

 

[Rahul92]

7.75% Fixed SBI July 2020

 

[deep@vie]

Jul-22

got good rate

I got it sanctioned at 7.70% from BOB in july and now its at 8.1%. They also just increased the repo rate by 35 bps.

it'll only go up

7.75% Fixed SBI July 2020

10-15bps higher but as it's flat,not a bad deal

Jul-22

👍

I got it sanctioned at 7.70% from BOB in july and now its at 8.1%. They also just increased the repo rate by 35 bps.

yes,you should have opted of fixed instead of floating.

 

[Rohankore]

9.3 SBI 2017

 

[deep@vie]

9.3 SBI 2017

in same boat

 

[mechmax]

Never purchased car on finance, i have used car only.

 

[gabu]

7.6% fixed reducing hdfc

 

[P B R G]

Since the interest rates are increased now, is 9.1% good enough or too high?

 

[deep@vie]

Since the interest rates are increased now, is 9.1% good enough or too high?

Depends on time when you took it & was fixed or floating

 

[P B R G]

Depends on time when you took it & was fixed or floating

There is a pre approved offer from HDFC. although I am not looking for any loan right now, just asking for info.

 

[deep@vie]

There is a pre approved offer from HDFC. although I am not looking for any loan right now, just asking for info.

It's avg not on higher side I guess

 

[arko]

don't take loan if possible do sip for the same amount and get car interest free in 3-5 years.
redeem mf in a bull run and buy car in your budget not outside.
you can use cc for more benefits.
check this thread

buying car with credit card

I am eyeing buying xuv 300 or grand vitara(strong hybrid) with credit card. any car suggestion is welcome. I think they will not take more than 5L using cc without charges I can use hdfc tata neu rupay(above 8 lakh limit) for upi ----will it get me neucoins? hdfc diners black --but then i...

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