Sir, yours is one of the most underrated channel of all motor websites. Your knowledge on car buying & selling process is amazing. Thanks for the treat 🙏
He is the reason Im not broke by now.. especially amid COVID related financial issues. there is literally no one else who guides us in so streighforward and honest way...
Sabse badhiya....gaadi cash mai lo.....i am a normal working person ...and purchased 2 cars by age of 36 yrs...one is Chevrolet beat petrol top model..in 2011 and second is Nexon diesel in 2019 and both purchased on cash, rather then giving money to banker or dealer on interest .....yes have to take help of rs 2 lacks from my brother...and returned him as per commitment.....it's always better to be transparent in money transaction with family members...and we all can save lot more on interest part
Same thing happened with me. They tried selling me insurance to cover loan. My simple answer was you are charging interest rate for the risk you are taking to lend me money, show where on the loan document it is written that this compulsory. They had no answer as expected
Extensive & informative. Beautifully described financial aspects of car loan. You possess better financial knowledge and ability than any banker. I wish you success and fame.👍
Dont go to showroom for loans, go to banks directly and from there go to showroom, If you purchase bank loan from car showroom, the rate of interest will go up, which will go as a commission to showrooms
Sab private bank me aisa hi hota he ... as a banker and they also hide the real interest rate just saying that reducing rate of interest ... rate remain same but amount will vary gradually
@@rahuldey7408 no... There is a difference. Govt banks have daily reducing rate and pvt banks have monthly reducing rate. And why i know this is bcoz i work in a bank
Your videos really knowledgeable and whatever you are giving information it’s 100% true even being a customer I would like to choose sbi for a car loan because private bank has log of hidden charges like pre-closure and foreclosure axis and icici both have 5% pre-closure and foreclosure,but in sbi no hidden charges 🎉sbi always great but it’s takes little time for getting a car loan
Dear Sir, 1)Loan assurance is designed as per risk so it's very voluntary 2) Advance EMI will make a difference in interest . For a period of 7 years if 7.5 then advance emi it will be 7.3 interest it's not private or public bank it's convince. With one Banker opinion you can't make a opinion on banks 3) Regarding payout banks pay by losing their interest income . It's independent of payout it's the risk banks making . Dont divert the topics . 4) Banks don't charge flat rates and further they will provide key fact statement as per Rbi guidelines . Flat rates are charged by the finance companies . Kindly educate accordingly. Intially I love watching channel but for view you are saying whatever.by imagination you are videos are very diverting. .
Same cheez merko PNB k manager ne boli thi ki ek insurance lelo aur loan ka int rate bht zada bataya tha Showroom wale ne Bank of baroda se kraya loan aur lowest rate pe hua without any insurance
This are the tricks Private Banks use. PSBs can't even change the ROI. However, I have seen SBI offering differential ROI by waiving off processing charges, which is again a trick.
Sir jaise aapne bataya ki 7 years ka loan agar mai 3 years par close kar raha hu to mera nuksaan hai , magar jab reducing principal pe interest calculate kiya jaata hai, to initial years me interest ka component zyada kaise hua ??? Please explain .
Sir, I apply loan from kotak bank, Car loan amount is 5lakh, for 3yr. Rest of the amount i am paying. I got email after giving all details to bank, It says my loan is sanctioned, Banker take my blank cheque and saying loan will disbursed in two days, After two days he is keep telling me it will done tomorrow tomorrow from last 5 days, And he is start telling me like he need some more details of me this and that, Even they took blank cheque and sign the agreement also, So my question is if there is problem why they sign agreement and take blank cheque ? Please suggest me is that fine or not ?
Hello, monthly running 500 km hai, mainly city me hi chalani hai. Long term use ke liye hatchback manual Car leni hai. Petrol ya CNG me confuse hu. Pls suggest good car. budget 7-8 lakh. also suggest fuel type.
Sir, Pvt banks provide facilities to wealthy people only. Poor people or common person cannot afford their facilities. One example of me, I took personal loan from icici bank in 2019 for four years term and now when I told bank to close it then icici told me to pay 5.90% interest penalty if I close it now. But you take any laon from any govt banks they didn't charge anything if you want to close prior to mature period.
Namaskar Modi ji ! Liked your videos so much. Please make people aware about the benefit of taking insurance on taking any loans. In fact it's a necessity now a days considering the pandemic situation.
Partially true. If income more than 6 lakh per year, you will get 7.65% from hdfc irrespective of cibil. If less 8%. But in other banks, few will check cibil first for interest rate, e.g-sbi.
dekha Gaya he ki jab koi kam tenure ke liye loan leta hai tab bank in Logo ka rate slab ki sabse highest point me rakhte he aur waha best cibil score vi kaam nhi aati. Ese situation me ek customer Kya Kare.
Sir I am going to buy a new car patrol varient. I need your guidance like govt. Is going for the ethanol blending in future. So these engines will be compatible or companies will bring new tech. Pls guide what to do keeping this new in mind.
