pulkit.gupta4444
KF Ace
I recently saw a YouTube video of bekifaayati, suggesting that car loans should be taken on a floating interest rate rather than fixed. I'm considering a car loan, and I wanted to get some advice on this:
What are the risks of taking a floating rate for a car loan compared to a fixed rate? Should I really consider floating, especially given today's rates?
If a bank is offering the lowest rate, how can I proceed online? Can the process be completed entirely online, or will I need to visit each bank personally to get the interest rate based on my CIBIL score?
Will multiple CIBIL score checks (from different banks) negatively impact my CIBIL score next month?
Looking forward to your inputs!
What are the risks of taking a floating rate for a car loan compared to a fixed rate? Should I really consider floating, especially given today's rates?
If a bank is offering the lowest rate, how can I proceed online? Can the process be completed entirely online, or will I need to visit each bank personally to get the interest rate based on my CIBIL score?
Will multiple CIBIL score checks (from different banks) negatively impact my CIBIL score next month?
Looking forward to your inputs!