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Date : 11 Apr, 2009

Question

I want to buy a Spark or alto car. Want to know about downpayment and The EMI. The EMI should be low.

Answer

Most banks ask for a downpayment of 10%- 30% depending upon your income and repayment track record. If you want your EMI to be low then you should opt for a longer tenure. You can use the car loan comparator to find the best banks that suits your requirement. You can apply for a car loan on apnaloan where multiple banks compete for your loan.

 

 

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