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Iam interested in buying a car, Maruti Alto Price is around 2.9Lakhs. What is the max loan tenure, if so which is the bank providing such facilities. Regards, Murali
By Murali 11 November 2008
Answers:

Hi Murali,
The loan tenure could be 7 , 5, 3 years.

Please consider the following bank preferences that i suggest in my experience!

1) SBI
2) HDFC
3) Kotak Mahindra

I never prefer ICICI for their service and their Pre-closure charges are very high upto 5.6 % of the total ouststanding loan amount! I have valid reasons for why iam saying this.

Two of my cars with the SBI Hypo.

Thanks
Suresh

Answer by Suresh 11 November 2008
expert
Expert`s comment:

Hi,
I agree with Mr Suresh .Genuine and practical solution has been given .

Answer by Shiva Shankar 11 November 2008
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