{"id":306360,"date":"2010-02-11T07:07:40","date_gmt":"2010-02-11T12:07:40","guid":{"rendered":"http:\/\/www.team-bhp.com\/forum\/indian-car-loans-insurance\/75343-hdfc-bank-car-loan-good-finance-deal.html"},"modified":"2010-02-11T07:07:40","modified_gmt":"2010-02-11T12:07:40","slug":"hdfc-bank-car-loan-is-this-a-good-finance-deal","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/306360","title":{"rendered":"HDFC Bank Car Loan- Is this a good finance deal ?"},"content":{"rendered":"<div>Hi,<br \/>\nI am looking around for good deals to finance my Honda City dream. So far I have tried only HDFC bank. As a preferred customer, after a lot of negotiation, they have offered the following deal<\/p>\n<p>\n1) ROI offered &#8211; 8.5% (some doubt about this. see  point 2)<br \/>\n2)Approx emi per lac &#8211; 3146\/36 months , 2460\/48months , 2049\/60months &#8211; I did a quick check at carwale, and 2049\/60m came to 8.75%. Can anyone confirm ?<br \/>\n3) Reducing balance (Not specified if daily, monthly, quarterly or yearly)<br \/>\n4) Documents required &#8211; Identity proof \/ residence proof \/ six months bank statement \/ quatation copy from dealer(with name and address) \/ advance receipt copy <br \/>\n5) Processing time &#8211; 4 &#8211; 5 working days <br \/>\n6) Processing fees &#8211; Rs.3650(no waiver) <br \/>\n7) Prepayment charges &#8211; up to 6% on outstanding principle. (this seems to be a bit steep. What are the ususal pre-payment charges?)<\/p>\n<p>Can someone provide any inputs if I am getting a good deal ? Are there other banks who can provide me a better deal ?<\/p>\n<p>Regards<br \/>\nManumani<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hi, I am looking around for good deals to finance my Honda City dream. So far I have tried only HDFC bank. As a preferred customer, after a lot of negotiation, they have offered the following deal 1) ROI offered &#8211; 8.5% (some doubt about this. see point 2) 2)Approx emi per lac &#8211; 3146\/36 [&hellip;]<\/p>\n","protected":false},"author":5614,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-306360","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/306360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/5614"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=306360"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/306360\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=306360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=306360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=306360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}