Every wise person does a car loan comparison before getting a car loan. There are numerous loan options available for people. They can get car loans either from a bank, a corporate society, a private money lender, etc. Neither of them generally has the same interest rate. So, this can push a person into a situation of dilemma. Therefore, let us make this easier for you to compare and calculate the car loan interest rates.
- Some banks and corporate societies ask for 15-18% p.a
- The private money lenders ask for a rate of interest of nearly 20% p.a which is really exorbitant.
In case, you don’t get what to do while comparing the loan or do not understand how it is compared then you should contact any broker that can help you get the best deal on a car loan.