skoda Rapid Finance

hi guys

we have planned to buy  skoda rapid ambition 1.6 petrol.

EX show room price is - 716000

we are planning to avail a loan for 571000 for tenure of 3 yrs.

from offers from different banks, kotak was the best 10.9%(after negotiation) for 3 yrs .@pre closure 5%

i would like to know if its good deal or is there anyone who got a better deal from anyother bank.

Regards,

V.Arunkumar

Hey Arun,

    Do check SBI auto loan they are offering 1785/- EMI per lac. Do contact some SBI branch to get more details. A friend of mine availed this offer. The loan is approved 85% on the on road price.

OT : How's the driving experinece of Rapid. Do post ur findings.

Cheers.

Hi Vaibhav,

thanks for the info, but i foun them to be so unprofessional.

i understand the low interest rate,but its floating.more over when there is RBI hike first SBI would raise the interest.

am looking for fixed low emi.

i did get to test  drive the diesel, since petrol was not available.for a person who is upgrading from maruti 800 obsiously cant have any complaints.;)

for us the looks of the car made us to decise on the car . the interiors are so good in quality.i found the diesel itself so responsive.nice punchy engine.

waiting persiod would be around 20 days.

Regards,

V.Arun

hi guys,

finally zeroed on kotak mahindra ,(we had our santro loan also from them)

loan amount -500000

tenure - 36 months

emi -16200(approx 10.87%)

downpayment 3.38 laks.

Regards,

V.Arun