The EMI (Equated Monthly Installment) for a car loan of three lakhs (300,000) depends on the interest rate and loan tenure. For example, at an interest rate of 10% for a 5-year tenure, the EMI would be approximately ₹6,427. You can use an EMI calculator to determine the exact amount based on your specific interest rate and loan duration.
A Honda CRV costs as low as One hundred and eighty three dollars per month if a car loan is taken out. A car loan was taken out for that rate when a Honda was purchased in 2012.
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A pre approved car loan is a loan where the car dealer or banks have already run your credit. They have determined how much money they will lend you and what you can afford to buy.
car financing is basically when u get 10lac car at 2 lacs thry financial institutions
One man had bad credit and had to pay 27% interest on his loan. Yes, he got a car loan. He did not get a 7% loan. You can probably get a car loan. There is no telling what percent you will have to pay and how much down payment you will need to put up.
If you are within your three days of rescission, you return the car and are good to go. Otherwise, you are liable for the loan. You probably need legal advice to do otherwise.
heck if i know
You can find a a car amortization calculator at www.bankrate.com/calculators/auto/auto-loan-calculator.aspx.
The easy-to-use auto loan calculator helps car buyers plan monthly car loan payments. Calculate car financing and car payments in advance to make a smart decision on how much you might owe each month.
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Since the car is financed, it already is collateral for a loan. Your car loan uses the car as collateral for that loan. I think the only way for you to use the car as collateral for a different loan is to have the NEW lender pay off your car loan, tack the ammount of the car loan on to the new loan you are getting, therefore they would then be the leinholder on the car.
Yes, a car loan is considered an installment loan.