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  Thursday, 21 June 2012
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Is there any other difference in Car loan between ICICI and HDFC apart from Interest Rates. Which is Better to take Finance from - Dealer is offering me rebate of .25% on loan from HDFC Bank for I10 . Shall i go with HDFC if there is no difference
12 years ago
Hello Kunal,

There is not substantial difference between Car Loan Product of both Banks. However - will recommend to introspect -

a) Do you have any existing relationship with any of these Bank - Any Bank A/c, Credit Cars - If yes, then go with same . Its better to build relationship on multiple products with a single Reputed Bank - Helps in long run to become a Privilege customer of Bank and gets better rates and personalized Services

b) Have you checked on Finance Rates - at Online Sites or Direct Bank Branches - you can find a different rates, may be ICICI can also be cheaper or even both rates could also comes down with different channels

c) You have not mentioned City - if in metro - both Banks are at Par. If in Tier-2 City - Pl check the availability and network of Bank Branches

Below Links could also be of Interest
Car Loan Eligibility Calculator
Car Loan Interest Rates
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