POSTED BY January 13, 2013 3:20 pm COMMENTS (4)
ONMy querry is as follows:
I want to buy a car for my family.The cost may be 4-5L.
I have 50K in my currently running RD and 80K in MFs(SIP).I can arrange aroound 40K cash also.
Plz advice me how much loan shall i take.
I am 28, married .
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Dear Waris,
The answer to query would depend on your monthly budget and the long term goals you have set in your life. We would advice that you avail a loan amount – the repayment of which will not hamper your finances.
Regards,
Credexpert
85% of the on road price of the car will be given as loan by ,most lender incl SBI
Consider buying a second had car (SBI has schemes for this).
That is what will be given How much you can take depends on your personal situation:
expenses other emis other goals etc.
you can check this calculator to see why a second hand car is better
http://freefincal.wordpress.com/think-before-taking-a-car-loan/
I think there are some issues in the website for IE9.
My querry is as follows:
I want to buy a car for my family.The cost may be 4-5L.
I have 50K in my currently running RD and 80K in MFs(SIP).I can arrange aroound 40K cash also.
Plz advice me how much loan shall i take.
I am 28, married .
Dear Waris, what’s the query.
thanks
Ashal