Tag: Car Loan

Generally one should not borrow more than 5 times of their take-home annual income. You should also watch that your EMI obligation does not go beyond 40-50% of you monthly take home.

New Delhi: In a bid to boost car sales amid piling inventories, the State Bank of India (SBI) on Tuesday waived processing fee on car loans during the upcoming festival season and is also offering the lowest interest rate starting 8.70 per cent on car loans, with no escalation in interest. The move is likely […]