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Cars Q&A

hi, i m goverment servant, i purchage a new car. i will get 2.50 lac's loan from my company, but i choose a new wagon-r lxi about 4.13365 lac's, so pleas tell about rest of finance, will i gate finance from bank or dillers
By Pratik 08 August 2010

Hi, U can directly proceed to any nationalised bank or the bank in which ur salary is being deposited by your department. They can tell u how much you can obtain thru their bank itself. But, I think you have to convince them that, you have the ability to repay i.e., by your credit history etc., ask your bankers to calculate on repayment period upto 7 years (Max).. being a government servant you have the option to select the maximum repayment period...


Answer by Sagar 08 August 2010
Expert`s comment:

Please use the link below for finance

Answer by Shiva Shankar 08 August 2010

Dear Pratik, The 2.5 l by your company will be given to u or directly to the company(Maruti). If 2.5 is deposited in your a/c then it is easy. This 2.5 will be the margin mony. Any bank will jump to finance the rest of the amount. Approach SBI.

But if the 2.5 is given directly to the company then you cannot get two loans on one article.

Answer by A G 08 August 2010
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