Money Saver India

car loan

RBI directive makes prepaying your car loan beneficial

RBI directive makes prepaying your car loan beneficial

The RBI’s directive to scrap foreclosure charges would help you pre-pay your floating rate car loan sans the 3-6% charge levied currently to terminate loans before term. [...]

May 13, 2014 Team MSI FINANCE, MSI NOW 0

Car loans with no prepayment penalty

Car loans with no prepayment penalty

Private banks can match the interest rates of PSBs, particularly if you hold an account with them, but their prepayment penalties makes them a bad option when looking for a car loan. [...]

September 30, 2013 Team MSI FINANCE, MSI NOW 0

The balloon route to your luxury car

The balloon route to your luxury car

This type of loan certainly has its risks, but if you’re willing to accept them, it could be the fastest and cheapest way to your dream ride. Conditions, of course, apply. [...]

July 22, 2013 Team MSI FINANCE, MSI NOW 0