Car Loans

In light of the coronavirus pandemic, the Reserve Bank of India (RBI) has allowed banks to offer a moratorium of three months on all term loans. Does this cover your car loan as well?

For the first time in 54 months, the Reserve Bank of India (RBI) has increased the repo rate by 25 basis points to 6.25 per cent. This was announced during RBI’s monetary policy meet on June 6.

SBI enjoys 25% market share in the vehicle-financing segment in India. Ms. Rajni Mishra, Chief General Manager of State Bank of India, Bangalore Circle, explains the homework customers should do before going for an auto loan.