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| Posted On :- 25/06/2008 | |
| Question Asked :- | |
| Hi, I have taken a Car loan(3.5 Lakhs) from HDFC at 9.25% interest rate for 5 years in 2006. I have already paid 34 EMIs. Is it advisable to foreclose the car loan now going by the current inflation rate and the reducing bank interest rate? Or should I keep the loan? Pls advise. | |
| Answer :- | |
| If you have the funds then you should pay the loan. However you may want to consider the prepayment penalty that you will have to pay to prepay the loan. | |
| Car loan query listing |
| << prev [ 1 ] 2 3 4 5 6 next Last>> | ||
| Qid | Question | |
| 14170 | % per lakh and requarment of documents. | |
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| 13980 | What is the rate of interest for Rs. 300000/- for Five year | |
| 13969 | what institution is offering the cheapest car loan in market for t | |
| 13967 | Please provide me lowest car loan | |
| 13931 | what is the amout u wil be providing on used car that is upto what | |
| 13929 | if I close the car loan how much amount to be remitting, | |
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| 13869 | what is the present rate of interest for car loans. | |
| 13845 | is flat rate good or reducing balance good | |
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| 13120 | I want to know rate of interest for car loan. | |
| << prev [ 1 ] 2 3 4 5 6 next Last>> | ||
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