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Planning to buy a new car? Check out which bank is offering lowest interest rate
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Buying a car is aspirational for some and a necessity for others. Whatever be the case, buying a car is a big financial decision that can use up your savings or necessitate a car loan. A car loan comes at a lower interest rate than an unsecured loan such as a personal loan.
When you are out in the market to shop for a car loan, make sure that you compare various offerings by different banks. Some lenders may have exclusive tie-ups with the dealers and may offer a much faster processing and discounted rates. Some lenders also offer pre-approved car loans to their selected customers or preferential rates to their existing home loan borrowers. Therefore, to get the best deal, you must compare the car loan offers by different lenders.
That said,
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