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Online Car Loans. Get Lowest Interest Rates on Car Loans in India. Read Informational Topics, Use Calculators. Lowest Finance Interest Rates Starting @ 10.25% in India
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  3. Wednesday, April 16 2014, 01:59 AM
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I am keen to buy Hyundai Grand i10 on loan. What is the finance interest rate offered by PSU Banks - SBI and Private HDFC Bank on it with loan eligibility criteria
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Hello,

Hyundai Grand i10 is one of the best selling cars we have in Indian market. All the banks are offering aggressive finance scheme

If you check with SBI - present rates are 10.95% - with finance upto 7 yrs loan tenure. This is quiet competitive - especially with the fact hatchback cars are operating at higher than 11% with most of the private banks

However - for this particular model - you can get as low as 11% from HDFC Bank - the scheme is however profile specific and presumes fact - if you have an existing relationship with HDFC Bank and is salaried.

In terms of loan eligibility criteria - its almost similar - 2 yr work experience for salaried, age > 25 yrs, good average bank balance, clean cibil record. Nothing specific as such !! For more information - may refer
[b][url="car-loan-documentation"]Car Loan Documentation[/url][/b]

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