Smart Car Financing

How to Pay Off Your Car Loan Faster: Here are Five Tips to Do it

Banks offer the facility of part payments during a car loan tenure, which helps in reducing the interest and principal over the tenure. While some banks offer the leverage of making only a selected number of part payments, others provide unlimited part payment options

Lowest Rate of Interest for a Car Loan: Here’s How You Can Get it

The interest rate of car loans is primarily of two types: fixed and floating. You can lower the interest rate yourself by opting for the lowest possible tenure and the highest possible down payment.

Strike a Better Deal with a Pre-Approved Car Loan: Here’s How it Can be Helpful

The bank offers a pre-approved car loan based on a good credit score, which is

Managing Car Loan EMI: Here’s How You Can Do It Efficiently

There are three factors that make up an EMI: principal, rate of interest and loan tenure.  The option of auto-debit or Electronic Clearing Service (ECS) provides a more straightforward, well-documented payment method and a track record. 

Having a low Credit Score? Here’s How You Can Still Get a Car Loan

People with credit scores lower than 670 usually have a tough time availing a car loan easily. One can still obtain a car loan with a low credit score by improving it before applying, as long as there are timely payments on previous loans, if any.

Depreciation on Car Rate: What it Means for You

Cars lose 15-20% value in the first year and up to 50% by year five. Better maintenance, fuel efficiency, and fewer owners help slow depreciation.

Green Tax in India Explained: Is Your Car On The List?

Green Tax varies across Indian states, but there’s a guideline to be followed. It was introduced by the Ministry of Road Transport and Highways (MoRTH) in April 2022.

Full Cost Breakdown of Repainting a Car

A Comprehensive Guide for Car Engine Overhauling: Here’s What You Should Know

There are two types of engine overhaul: top overhaul and full overhaul, the latter of which requires more extensive work.