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Take a look at interest rate while applying for a car loan

Take a look at interest rate while applying for a car loan

Friday, June 9, 2017, 10:21 AM

The interest rates of car loans can vary anywhere from 8.5% to 14% per annum, depending on the lenders and your car model, monthly income, employer and loan tenure. As far as interest-rate type is concerned, avail floating rate car loans, as you can benefit from the current scenario of falling interest rates and also make prepayments without incurring any penalties.
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