Car Loans

 

In India almost all Banks offer car loans at attractive rates for their customers.




Getting a set of wheels of one’s own requires a big amount of money. Leave alone the highly expensive Rolls Royce, buying even a used car needs a heavy purse. It is because of this reason there is abundance of car financiers as well as lending agencies offering car loans.

Now the question is whether car loans or other means remain cost-effective. The discussion below will throw light on this aspect.

In order to see whether car loans are more cost-effective than other means of car finance, the main points where they differ from each other are compared.


 

List of Some of Banks Offering Car Loans

 

    ICICI Bank- Car Overdraft
    State Bank of India - SBI Car Purchasing Loan
    Bank of India - Autofin Scheme
    HDFC Bank - Overdraft Against Car
    Bank of Baroda - United Car Loan Scheme
    United Bank of India - Union Miles
    State Bank of Mysore - Comprehensive Car loan



*Terms and conditions may vary from bank to bank.