In case of housing loans, banks have a provision for restructuring the loan e.g. terms of extending the tenure of the loan. For the same, the bank must perceive the reason of default to be genuine. The Reserve Bank of India (RBI) has issued guidelines on the same. For. e.g. the loan tenure can be [...]
When you compare cars, check the mileage that they are offering, accessories and featiures offered, the insurance cost of the car, the maintenance cost of the car and the warranty offered with the car. If you are not picky about the color of the car, a color which is not that fast moving may come [...]
So how do you negotiate a claim to get it fully or at least the maximum amount? What do the insurance companies usually do during a negotiation process? What are your rights and when and how do you exercise them? The following is a comprehensive guide to give you an insight into the various possibilities [...]
Try to lower your interest rate. Negotiate with your bank. One other way is to convert your credit card debt into a personal loan debt. It will definitely be lesser than the credit card interest rate. Calculate your net worth and see if any of your investments could help you prepay a [...]
Some insurers offer certain add-ons like Personal Accident cover along with your policy. If you want to get the car repaired but don’t have money to pay for it, cashless claim settlement can definitely help you. Opting for third party legal liability will help you safeguard yourself against the legal liability in case of accident. [...]
Normally, banks only give 85%-90% of the total cost of the vehicle. The rest will need to be provided upfront as a down payment. Always opt for a higher down payment and look to save on total interest costs. When you book the car, you need to pay a booking amount, which can range anywhere [...]
Fixing a budget will give you more clarity on which models to choose. It will also act as a locus which defines the perimeter of flexibility that you can afford in case your needs are not satisfied by a lower end model. A budget is the best way to shortlist a segment as most of [...]
Technically, a car loan default happens when a customer repeatedly fails to make the agreed car loan payments to the lender/bank that lent the money for its purchase. But is there a prescribed number of payment failure mentioned? Yes. Usually, the car loan agreement that you signed with your lender/bank will have these terms clearly [...]
The second most important price adding factor is probably the taxation involved vis-à-vis the city of purchase of your car. The price variation between a Maruti Swift taken in Chennai and one taken in Mumbai could be even upto Rs 25,000/- costlier in Mumbai. Similarly there exists a huge price difference between models taken in [...]
The interest rate offered by banks depends upon several factors like the term of loan, amount of loan, type of interest rate - fixed or floating, whether it is a new car or an old one, credibility of the borrower, age and income of the borrower etc. Therefore, one has to negotiate to get the best [...]
Driving the most luxurious car has been made possible by the stiff competition in the automobile industry in India, with overseas players gathering the same momentum as the domestic participants. Every other day, we have been hearing about some new launches, some low cost cars - all customized in a manner such that the common [...]
Indian Automobile Industry is in the growth phase and the Indian auto market is still untapped with the majority of the people in the country not owning a four wheeler. Also even with those who own cars - the trend suggests that people tend to shift cars every 4-7 years of owning a car with [...]
Japan’s Mazda Motor recalled nearly 90,000 passenger cars domestically and in China due to an oil hose defect. The automaker, which is part owned by US giant Ford, will recall 35,181 units in Japan and some 54,000 in China. The cars produced from January 2006 to March 2009, have been recalled.
The present scenario is indicates that restraint of inflation is the need of the hour, far more crucial than economic recovery. This is believed to be the RBI’s chief idea when announcing the monetary policy today.
Use chip based credit cards. These cards offer better security than credit cards with black magnetic stripes. This is because in a chip based card, all information is stored in the small chip in encrypted format and it also uses a PIN. This makes changing or copying this data extremely difficult. So, the chance of [...]
Deutsche Bank AG has said that it would be commencing its retail operations in Ludhiana.
The bank had just started its branch in Moradabad on 10th April 2010. With this the total number of branches of the Deutsche Bank in India has gone up to 15. The Ludhiana branch would be offering the bank’s entire range [...]
Bajaj Auto, which is intending to introduce four-wheelers in passenger and commercial vehicle section in 2012, will use the Renault platform for their manufacture. The platform is being built and it will distribute common features, meeting the needs of passenger vehicles and goods carriers, according to Bajaj Auto MD Rajiv Bajaj.
Mr Bajaj said, “Our four-wheelers [...]
India’s biggest car manufacturer Maruti Suzuki is ready to reintroduce a refurbished and cheaper Alto. Maruti considers that the time is ripe to introduce a basic model of its most popular car. It sells nearly 20,000 Altos a month, thus making it India’s best selling car.
With consumers grabbing every available Ninja (performance bike from Kawasaki) from Bajaj Auto showrooms, the company is readying to introduce more premium products from the Japanese company later in the year. Part of the increased demand has also been due to economical car loans.
India’s leading car manufacturer Maruti Suzuki has increased prices of many models as it claimed that the company intends to pass on to clients a portion of the increase in input costs and expenses associated with adhering to new emission norms.
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