I recently bought a car in about 8 lakhs, I was looking for a used car in a budget of 4 lac but ended up buying new one with December discount! I looked around and found Bank of Baroda's floating rate with no charges for foreclosure and part-payment is great, since I wanted to close the loan within a year. But I ended up getting Overdraft against my FD, which I found the most suitable for my needs! Rather than getting a Car/Personal loan I would suggest all eligible buyers to look for loan against FD or agaisnt your Mutual Fund.
@@kavitasethi2947 in whichever bank you have your FD call them and ask for Loan against FD. Interest rates are usually 1-2% over whatever rates you are getting for that FD. This is helpful when you still have some time on your FD to mature and also you are willing to pay the loan back as soon as possible.
Very good Gagan! You are a pro and always helpful to customers like us. Really genuine and different from other motor vloggers! Keep it up bro, thanks!
Floating interest ghatne k bajaye bar bhi to sakti hai samay k sath... Aur mujhe nahi lagta loan interest aage jake kam hogi bakayda izaafa aur badega...ab 9 % pe chal rahi hai magar 10 ya 12 hotey hue jyada samay nahi lagega
Awesome video boss. You are that category of RUclipsr - "Seedhi baat, no bakwaas" Thanks for all your efforts in making each one of Aware about Car stuff!! 🙏 Just one ques to you- I'm planning for Nexon (Creative+) in early 2024. Any chance of Nexon CNG in 2024(rumors are there but if any idea you have?)
Thanks for the update and information you provide to your subscribers!! 👍🏻 Your website was extremely helpful when I bought Brezza Zxi Automatic this September!! Keep the good work up!! 🤞🏻✌🏻
Regarding floating rate change, couple of things to keep in mind : 1. Borrower can reset his interest rate to a lower figure once in a given time frame, example 3 months, if the prevailing rate is lower than borrower’s current rate. 2. Everytime a borrower revises his interest rate to a lower rate, a processing fee has to be paid. 3. Since the loan is floating rate, if the prevailing rate increases, then bank will automatically increase the borrower’s interest rate as well.
Just want to share my experience. My friend got home loan of 20 Lakhs, which he had to pay for 15 years. He got Floating interest. Now, the interest has increased, and he have to pay for 35 years ago. Which, when we calculated, the amount goes around 90 lakhs. He has to pay total of 90 lakhs for 20 lakhs. It may increase or decrease, we dont know. So, i would always stay away from Floating Interest. I dont want to be greedy. Whatever Fixed interest rate is there, I would go with that. Everyone has their opinion, you can have yours. Also, Saying BJP would win 2024 elections is also not 100% guarantee. I am from Telangana. Here, everyone was hoping BRS would win, but Congress got it with 65/110 seats. So, nobody can predict the future. So, i would not take risk by taking Floating Interest. Again, its upto you, you can vote for anyone, you can go for Floating Interest. I am not against anyone or anything. Just sharing the info I got.
Bhai fix internet bhi kwal 2 sal tak dete hai. lene k alawa kroge kya.bahtar hai govt Bank se loan lo or ache cibil bna k. Other wise mat lo ya postpone kro
I am planning to buy an automatic car. Confused between Breeza & Nexon. Pls suggest. My priorities are safety, mileage, easy maintenance & pocket friendly.
Sir i watch all your videos, worth watching and full of knowledge. One question to you thst i am planing for Safari Automatic, should i wait for Safari Petrol to launch or in this sake budget one can afford used luxury cars like Audi/BMW/Fortuner of 2013/2015 modeks in Punjab is it make sense to buy used kuxury cars or not. Please suggest
Hello my car helpline. Is it good to buy the citroin C3 .? And would really suggest you to make a good info video on bank snached away cars and what's the process of buying that car
Nice video!!. Kindly share your experience if the cibil score is around 500 then how to take care of loan as the Roi is high if the minimum cibil score isn’t achieved .. thanks
Achhi jankari tha kotak mahindra walone 6.5 % interest rate me car loan offer kar rahe the, joki ICICI Bank or HDFC Bank mujhe 9.7% me derehethe, fir mene calculation kia kee 6.5% nehin13% interest rate nikla
sir, does your team provide any service regarding purchase of car to guide the customers through out the whole process., like booking, pdi, insurance, rto, which car, loan , etc etc ? if yes then how can we contact you, there are still so many customers who need your help, sorry its called spoon feeding but we really need your help
Interest rate will decrease whether Modi is coming or not. That would depend on inflation going forward. If you are suggesting that Modi is controlling RBI too, that's a very dangerous situation to be into.
Bhai aap gyaan n dein. Fixed rates hmesa best hota. Agr 9% se lg ra h to 9 he lgega. .25.50 paise se kucch n frk pdega. Bs kuch cheez jese reducing balace p int, forclosure, pre paymt, part paymnt, procesing fee etc dekhna hota. 2024 2025 2026 crucial time h. Israel palestine war, russia ukraine war, flicts between us china, arab countries k issues us k sath, china taiwan issues, upcoming three 4 yrs r too volatile. Agr galti s bhi logo n floating le lia aur world war jesa koi b scene bna to la.. de lg gye uske. Jo .50 , .25 bchane ka sochega wo fir +2+3+5 bhrega. To bewkooofi n krein. 40 50k bchaane k chakkr m
Yeh Positive energy hain Gagan Sir mujhe baaki ka toh pata nehi ha personally mereko thoda faida hain khudko groom karne main agar phirse se Bhajpa sansad main sarkar banaye 2024 main 🌹🙏
2 saal pehl maina brhampur vw ko dikhaya unhone bola ki fuel pumps change kare karna ki baad bhi same problem unhone bola ki relay change kare fir bhi same problem
Boss my name is dr Anand bhayana i am driving a 2013 vw gt tsi 2 yts back my car used to atop in sun or would not start if i wait for 30 minit used to start of its own
As always, very genuine information!🙌 You're like an elder brother, a sensible friend we can always seek valid advice from! I bought your highly recommended SCross Zeta @11.5L in May, 2022 as my First car with 5-year loan from SBI @7.45% (Fixed). The Basis point hike was already announced but not implemented at the time while the car prices were being revised in Maruti portfolio and new Brezza with Bloated price tags was launched around the same time. I thus saved a few lakh rupees by going with the outgoing model and a fixed lower rate of interest and I am extremely happy that I trusted you and went with your advice. (I also replaced my father's car with another SCross Zeta @11.0L (on cash) at 1.2L discount only 3 months later in sep'22 after the discontinuation was announced) I owe you a bottle (or more) of single malt!😂🙌 Cheers!🍻
10 din peghlha gadi start nahi hui main lekar gaya Brhampur vw me wo bola themostat change karna padhegh 20000 ka i agreed paid 5000 and came back aj woho bolta hai kharcha 1.5lakh hai kindly advice.
Hi sir, I am planning to buy a 2nd hand car on loan. But instead of direct car loan I am thinking to opt for a personal loan which I am getting at 11% reducing rate. Is that fair in your opinion? Or I should go for a car loan of 12%
How can you be so sure the interest rates will reduce in the next 2 years. If bjp comes to power high chances it would increase. Share why you think the rates will be lower
Hi, Was planning a 2nd hand car. If you could guide, it would be great. Details are as follows:- Ford Ecosport First owner Petrol Manual 23000 kms done 2021 model Titanium Plus 5 yrs warranty Goa Asking price: 8.5lacs.
Floating will be blunder I have face the issue during home alone they keep on increasing tenure period and u will never be informed regarding intrest rate goes down but on increase they will inform u with increased tenure period and u will end up paying more than u should and i have closed the loan last year bcz rbi have increased repo rate four times and hence banks have increased intrest rate too and eventually i have to end up paying 2-3 years of more emi .. go for fixed plus reducing .. after election is done rate of interest will go up ..bcz loan will be of minimum of 2 yrs mostly u wil troubled fluctuations and increased tenure period and emis.. dont fall for the trap please i have suffered bcz of floating intrest its biggest scam in long run u will be suffer bcz of this and might end up paying 2x or more than original amount bcz no one who is lending the money wants to have less interest and trust me no matter how mails u sent they will not listeb regarding lower intrest rates..
WHAT A JOKE !? HOW COME YOU WILL BE SURE THAT INTEREST RATES WILL GO LOW ? PEOPLE THERE'S NO GUARANTEE. IF MODI COMES, YOUR INTEREST RATES WILL GO HIGH AS SOME RUclipsRS AND RESEARCH SAYS
I recently bought a car in about 8 lakhs, I was looking for a used car in a budget of 4 lac but ended up buying new one with December discount! I looked around and found Bank of Baroda's floating rate with no charges for foreclosure and part-payment is great, since I wanted to close the loan within a year.
But I ended up getting Overdraft against my FD, which I found the most suitable for my needs!
Rather than getting a Car/Personal loan I would suggest all eligible buyers to look for loan against FD or agaisnt your Mutual Fund.
How it work? I mean at what percentage did you get the loan ?
@@kavitasethi2947 in whichever bank you have your FD call them and ask for Loan against FD. Interest rates are usually 1-2% over whatever rates you are getting for that FD. This is helpful when you still have some time on your FD to mature and also you are willing to pay the loan back as soon as possible.
You can avail upto 90% of your FD amount as loan from most banks.
Thanks Gagan sa'ab for your efforts to empower car buyers!👌
Literally the only channel with helpful tips for viewers buying cars.
Thank you for your efforts Gaganji 🙏
Very good Gagan!
You are a pro and always helpful to customers like us. Really genuine and different from other motor vloggers! Keep it up bro, thanks!
I live in Assam. For Govt employees there will be 2'/' subsidy on car loan. So I think its ok to consider fixed roi in sbi.😮
Floating interest ghatne k bajaye bar bhi to sakti hai samay k sath...
Aur mujhe nahi lagta loan interest aage jake kam hogi bakayda izaafa aur badega...ab 9 % pe chal rahi hai magar 10 ya 12 hotey hue jyada samay nahi lagega
Awesome video boss.
You are that category of RUclipsr - "Seedhi baat, no bakwaas"
Thanks for all your efforts in making each one of Aware about Car stuff!! 🙏
Just one ques to you- I'm planning for Nexon (Creative+) in early 2024. Any chance of Nexon CNG in 2024(rumors are there but if any idea you have?)
Thanks for the update and information you provide to your subscribers!! 👍🏻 Your website was extremely helpful when I bought Brezza Zxi Automatic this September!! Keep the good work up!! 🤞🏻✌🏻
Regarding floating rate change, couple of things to keep in mind :
1. Borrower can reset his interest rate to a lower figure once in a given time frame, example 3 months, if the prevailing rate is lower than borrower’s current rate.
2. Everytime a borrower revises his interest rate to a lower rate, a processing fee has to be paid.
3. Since the loan is floating rate, if the prevailing rate increases, then bank will automatically increase the borrower’s interest rate as well.
Just want to share my experience. My friend got home loan of 20 Lakhs, which he had to pay for 15 years. He got Floating interest. Now, the interest has increased, and he have to pay for 35 years ago. Which, when we calculated, the amount goes around 90 lakhs. He has to pay total of 90 lakhs for 20 lakhs. It may increase or decrease, we dont know. So, i would always stay away from Floating Interest. I dont want to be greedy. Whatever Fixed interest rate is there, I would go with that. Everyone has their opinion, you can have yours. Also, Saying BJP would win 2024 elections is also not 100% guarantee. I am from Telangana. Here, everyone was hoping BRS would win, but Congress got it with 65/110 seats. So, nobody can predict the future. So, i would not take risk by taking Floating Interest. Again, its upto you, you can vote for anyone, you can go for Floating Interest. I am not against anyone or anything. Just sharing the info I got.
There are many ways of reducing the interest rate or tenure. one of them is prepaying principal amount.
MIDI will be back in Telengana too you peaceful community
Accept you are Anti-Modi
Bhai fix internet bhi kwal 2 sal tak dete hai. lene k alawa kroge kya.bahtar hai govt Bank se loan lo or ache cibil bna k. Other wise mat lo ya postpone kro
Why Govt will reduce interest if they are winning at high interest rate era 😮
Sbi old car pr krta h kya finance
I am planning to buy an automatic car. Confused between Breeza & Nexon. Pls suggest. My priorities are safety, mileage, easy maintenance & pocket friendly.
Breeza
Brezza ek tarfa
Wow. Great info. Currently i am planning to buy a new car. And this was really helpful. Subscribed !
Sir i watch all your videos, worth watching and full of knowledge.
One question to you thst i am planing for Safari Automatic, should i wait for Safari Petrol to launch or in this sake budget one can afford used luxury cars like Audi/BMW/Fortuner of 2013/2015 modeks in Punjab is it make sense to buy used kuxury cars or not. Please suggest
Hi. You hv very capable choice of xuv700 petrol at the moment.
Hello my car helpline. Is it good to buy the citroin C3 .? And would really suggest you to make a good info video on bank snached away cars and what's the process of buying that car
Avoid this car.. too bad in quality cost cutting
@@mycarhelpline thanks 😊 . Would really appreciate if you make video on bank snached cars and it's process to buy.
Sir, should i buy Citroën C3 shine turbo or Brezza Lxi?
City- Bengaluru
Monthly usage 600-750kms
City 35% highway 65%
C3 shouldn't it be a gem of a car?
Just buy brezza for peace of mind n if you want to keep car for long time
Nice video!!. Kindly share your experience if the cibil score is around 500 then how to take care of loan as the Roi is high if the minimum cibil score isn’t achieved .. thanks
Thank you Gagan Sir I am quite lucky that I hota top deal with fixed rate of interest in the year 2021 and 2017 and 2022🙏🌹
Sir businesses ke liye car loan par lena faydemand hoga ya full cash
Achhi jankari tha kotak mahindra walone 6.5 % interest rate me car loan offer kar rahe the, joki ICICI Bank or HDFC Bank mujhe 9.7% me derehethe, fir mene calculation kia kee 6.5% nehin13% interest rate nikla
sir, does your team provide any service regarding purchase of car to guide the customers through out the whole process., like booking, pdi, insurance, rto, which car, loan , etc etc ? if yes then how can we contact you, there are still so many customers who need your help, sorry its called spoon feeding but we really need your help
Have liked this video. This video is very informative. Kindly keep making these sort of informative videos.
My best wishes to you!
I really like your car loan section because it is one of the most important thing in buying a car.
Sir ertiga gaadi le raha hu commercial, 950000 ka loan hy, kon se bank se or kaise lia jae jissay kuch banifit ho 🙏
Why interest rate will reduce after electiom? We also currently have modi government, why they will reduce ?
Very good information thanks for your information.
What about individual company car finance like Mahindra and Toyota finance? Is it better than a bank?
Compare in deal in terms of emi, rates, pf, fc to make a choice
ஜெய் ஹிந்த் ஜெய் இந்தியா ஜெய் மோடி ஜீ ❤❤❤
Kaunsa finance easily approve hota hain without physical verification????
Congratulations for 6 lakh subscribers 👏
Sir I recently bought car loan from SBI at fixed rate of 8.9%, can I shift it to floating in future?
I have also taken SBI @8.9% fixed last month. So same question from my side as well.
Interest rate will decrease whether Modi is coming or not. That would depend on inflation going forward.
If you are suggesting that Modi is controlling RBI too, that's a very dangerous situation to be into.
Bhai aap gyaan n dein. Fixed rates hmesa best hota. Agr 9% se lg ra h to 9 he lgega. .25.50 paise se kucch n frk pdega. Bs kuch cheez jese reducing balace p int, forclosure, pre paymt, part paymnt, procesing fee etc dekhna hota.
2024 2025 2026 crucial time h. Israel palestine war, russia ukraine war, flicts between us china, arab countries k issues us k sath, china taiwan issues, upcoming three 4 yrs r too volatile.
Agr galti s bhi logo n floating le lia aur world war jesa koi b scene bna to la.. de lg gye uske. Jo .50 , .25 bchane ka sochega wo fir +2+3+5 bhrega. To bewkooofi n krein. 40 50k bchaane k chakkr m
Babutee badiyaa sir hamesh jaisen...badiya se k bin loan k jitna pocket allow karee utte ka hi car le liyoo vahi badiya se
Sir,
I think Your Personality suits without Moustache.
And Yes,
Very important update you have shared 👌🏻🙏🏻
Is it advisable to take car loan from cooperative bank?
Very nice information👍👍👍Thanks Sir
Yeh Positive energy hain Gagan Sir mujhe baaki ka toh pata nehi ha personally mereko thoda faida hain khudko groom karne main agar phirse se Bhajpa sansad main sarkar banaye 2024 main 🌹🙏
Very informative video, floating seems to be a better option at this moment as the interest rates will reduce in the near future.
What if the interest rates get high in the future
2 saal pehl maina brhampur vw ko dikhaya unhone bola ki fuel pumps change kare karna ki baad bhi same problem unhone bola ki relay change kare fir bhi same problem
Indian Bank 8.60% onwards
Zero preclosure charges !
Boss my name is dr Anand bhayana i am driving a 2013 vw gt tsi 2 yts back my car used to atop in sun or would not start if i wait for 30 minit used to start of its own
Sir jha tak hai rate of interest BJP ke aane ke baad badhega hi😂
Sir any news about the facelift of Honda Amaze?
Mahindra finance car loan ke bare ke bataye..
As always, very genuine information!🙌
You're like an elder brother, a sensible friend we can always seek valid advice from!
I bought your highly recommended SCross Zeta @11.5L in May, 2022 as my First car with 5-year loan from SBI @7.45% (Fixed).
The Basis point hike was already announced but not implemented at the time while the car prices were being revised in Maruti portfolio and new Brezza with Bloated price tags was launched around the same time.
I thus saved a few lakh rupees by going with the outgoing model and a fixed lower rate of interest and I am extremely happy that I trusted you and went with your advice.
(I also replaced my father's car with another SCross Zeta @11.0L (on cash) at 1.2L discount only 3 months later in sep'22 after the discontinuation was announced)
I owe you a bottle (or more) of single malt!😂🙌
Cheers!🍻
Trust going to have same tonight, 1st cheers on your name.. all the best.
Thanks nice information
Very Informative Video 👍
10 din peghlha gadi start nahi hui main lekar gaya Brhampur vw me wo bola themostat change karna padhegh 20000 ka i agreed paid 5000 and came back aj woho bolta hai kharcha 1.5lakh hai kindly advice.
Wrong info.. banks are offering on floating. I myself have. Just enquired few days back
Thanks Sir for this Update.
Your videos are very informative
Thank you so much sir bohot achi information hai ❤
SBI also lending at floating interest rate
Hi sir, I am planning to buy a 2nd hand car on loan. But instead of direct car loan I am thinking to opt for a personal loan which I am getting at 11% reducing rate. Is that fair in your opinion? Or I should go for a car loan of 12%
PL @11% is excellent. Go for it
Please add english subtitles for your videos
Is this still releavant in April 2024
Not agree this time... roi will increase.
I do have the same thought..looking at previous years it will go up only
Intrest rate is ok but modi will not come into 2024 😂
RIP for those who want to see "Pappu" as a PM of India in 2024😂😂
@@push919 RIP for all #Andbhakht 🤣
@@SKumar_____ thanks Chamche 😝😝
@@push919 It means the arrow is on target😜🤣
@@SKumar_____ I am not sure about your Arrow and Target but I know one thing very well that an eunuchs can't be Archer 🏹😆😆😆
Just 1% is i think 50k for 10 Lakh loan for 5 year
Once again very helpful content sir, Thank u very much, we love u❤❤
My homeloan intrest part has increased by 3k per month on 25 L after increase in intrest rate.
Liked the thoughts but having query
If I plan to take loan for 7 years then which one I should choose
Floating
Fix
Now floating looks better as choice
How can you be so sure the interest rates will reduce in the next 2 years. If bjp comes to power high chances it would increase. Share why you think the rates will be lower
Right modi g hi Anne wale hai
Very good info thank you sir
Hi,
Was planning a 2nd hand car.
If you could guide, it would be great. Details are as follows:-
Ford Ecosport
First owner
Petrol Manual
23000 kms done
2021 model Titanium Plus
5 yrs warranty
Goa
Asking price: 8.5lacs.
Don't buy second hand car, instead go for new Fronx base model.
sir,
mahindra finance se keisa hoga car loan lene me
Bhai gives awesome information but truth is that bhai also a Modi bakt. 😉😉😉😉
Super liked
Floating will be blunder I have face the issue during home alone they keep on increasing tenure period and u will never be informed regarding intrest rate goes down but on increase they will inform u with increased tenure period and u will end up paying more than u should and i have closed the loan last year bcz rbi have increased repo rate four times and hence banks have increased intrest rate too and eventually i have to end up paying 2-3 years of more emi .. go for fixed plus reducing .. after election is done rate of interest will go up ..bcz loan will be of minimum of 2 yrs mostly u wil troubled fluctuations and increased tenure period and emis.. dont fall for the trap please i have suffered bcz of floating intrest its biggest scam in long run u will be suffer bcz of this and might end up paying 2x or more than original amount bcz no one who is lending the money wants to have less interest and trust me no matter how mails u sent they will not listeb regarding lower intrest rates..
Interest rate never get reduced
Thank you sir
Very True...👍
Buy it on fixed rate
thank u sir
Mne floating rate p car loan liya h bank of india se
Hanji Ramdev bhi 30/40 rupees petrole dilwa rha tha..
Somehow
U really want to save 50k for a span of yrs????
Good information sir ji
Nice info....
Hum first hum first
Thanks bro ❤❤🙏🙏
Sir Mai to fix pe Chala gya isi month me
Very informative video sir
Like it
Don't listen to this guy..always buy car loan on fixed rate.
Ab ki baar 400 par 😊
Bahi pura pura hindi me me bolo bich bich me Keya english bol rahii ho yer
मोदीजी को 100 सीटें भी नहीं आएंगी।
😂😂 Nice dream
Sir muchoo ko cutwa kar smart lag rahe ho 😂❤❤
First like ❤
Kiyon faltu bakbus Kar raha hai? Tum he kaise pata 2% Kam hoga? Bakbus bate mat Kiya kare
Aapko koi shanka hai toh opinion badal lijiye
If Modi will come. Interest rate will increase 😅
Vo aa gya..aur sab badha gya😢😢
Jab tak EVM rahega, aayega to modi hi. Jeet modi ni EVM ki he. Tabhi EVM ni hta rha EC coz sare EC k chief are all bjp bhakts.
अंधनमाजी का कुछ नहीं हो सकता।
WHAT A JOKE !? HOW COME YOU WILL BE SURE THAT INTEREST RATES WILL GO LOW ? PEOPLE THERE'S NO GUARANTEE. IF MODI COMES, YOUR INTEREST RATES WILL GO HIGH AS SOME RUclipsRS AND RESEARCH SAYS
L***** election se phle hi jo jayenge rate kam 😂
hua to nahi ❤de
bring the moustache back, you looked good sir 🙌🏿
❤❤❤