• suraj asked on 27 Mar 2022
    Q.

    What is the downpayment?

    • Cardekho experts
    • on 27 Mar 2022

    If you are considering taking a car loan, feel free to ask for quotes from multiple banks from the dealership itself. A lot of banks and lending authorities have tie-ups with dealers to offer you an easy loan. Or, you can check with your own trusted bank and authorities in case they have a better loan plan to offer. Also, if you are planning to buy a new car on finance, then generally, 20 to 25 percent down payment is required on the ex-showroom price of a car. However, exact confirmation regarding EMI, down payment, interest, loan period and its procedure will be discussed by the bank and dealer only, as it depends upon individual eligibility. You can click on the following link to see the details of the nearest dealership and selecting your city accordingly.

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