If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
  • Car Loan BYTES FROM OUR KITCHEN

    Some Interesting Tips to Protect your Car against Unexpected Damages

    The normal wear and tear of car parts are expected. Hence, the depreciation rate of a car is highest in the first 2 years of driving it out of an auto dealership. The resale value of a car is affected by its depreciation cost as well as any damage to the vehicle. Here are some tips to protect your car against unexpected damages.

    Vehicle Protection against Storm Damage

    If you are a resident of a storm, flood or hurricane-prone region, here are some unusual yet genius tips to help protect your car from unexpected weather damage:

    • Store a list of shopping centres with covered car parking area into your GPS. In the case of an advanced weather alert, drive to the nearest shopping centre and park your car in the underground parking area. Make sure you store sufficient supplies like fuel, first-aid, food, and money in your car to help you cope with the sudden change in weather conditions. Once the weather has improved, you can drive out of the parking area safely ensconced in your car.
    • Use blow-up mattresses as a makeshift protective layer to cover the windscreens and roof of your car in order to save it from hail storm damage.
    • In the absence of a garage, you can build a temporary shelter for your vehicle with a roof-rack attached to the top of your car, a garden shed and some rope. This makeshift roof can protect your car from the top and possibly the sides.
    • Shroud your car with bubble-wrap can cloak it against hail. Use the bubble-wrap casing on parked cars, not on the ones in motion. Even paddling pools that are used by kids in swimming pools can be used to cover the roof of the car against hail damage.
    • Park your car close to a building that offers at least partial protection from high winds or rain.
    • Avoid driving on flooded roads or washed-out bridges. Drive only if it is an emergency. Look out for fallen trees or electric lines on your path. The wise thing to do would be to take shelter from unruly weather conditions.

    Vehicle Protection against Vandalism

    During riots, vehicles are the first to be targeted by miscreants. The vehicle damages incurred as a result of vandalism can bring down the resale value of your car. To protect your car against vandalism take the following security measures:

    • Park your car in a closed garage with locked doors. Don’t park your car in a badly lit street. If you have no other option but to park your car in an open public space then choose a street that has CCTV cameras, guards, and good lighting.
    • Don’t keep valuables in your car. If you have no other choice but to leave your valuables in the car then make it a point to hide them from view.
    • Install visible security devices such as a camera or an alarm system in your car to discourage thieves from breaking into your parked car.
    • Add an extra layer of protective wax on your car to protect it from surface damage. After capturing pictures of your damaged car for the insurance company and law enforcement, take your car for a car wash minimise the effects of chemicals on the exterior paintwork.
    • Check your car fuel tank, tyres, and battery to ensure they are either full or in working condition. Check your tires for wear and tear. Keep your car fuel tank full. Ensure your car battery is sufficiently charged.

    Vehicle Protection against Wire-Gnawing Rodents

    Rodents like squirrels are attracted to vehicles as they provide a warm nesting spot. Squirrels are in the habit of gnawing on things (wires under the hood of your car or brake wires under the car) to check the growth of your teeth.

    • Park your car in a sealed garage where a rodent can't sneak in. If there are any holes in the doors or walls of the garage then use aluminum flashing, sheet metal or stainless steel mesh to cover the holes.
    • You can check with your mechanic to find out if any bad-tasting spray can be used to coat the exposed wires of your vehicle to discourage rodents from gnawing on it. You need to ensure the spray doesn’t damage your car parts.
    • Leaving the hood of your car open can discourage squirrels from using it as a warm nesting spot. However, this measure could also encourage opportunistic burglary. Therefore, ensure you keep an eye on the parked car.

    Prevent Car Fire

    Vehicle fires are not only damaging to your car but also life-threatening. Here are some steps you can take to prevent car fire:

    • Schedule your car for regular testing and maintenance. While it may add to your expense, it is much better than risking a car fire when you are in the car.
    • Car fires are usually caused due to a malfunctioning electrical system. Ensure your car battery is in working condition and hooked up properly. Make sure the wiring is not frayed or damaged. Get your car electrical system checked regularly.
    • Check your car for fuel leakage, bad fuel injectors, and cracked fuel lines.
    • Installing extra speakers and lights in your car can cause overheating and a resultant car fire.
    • Don't store flammable materials in your car like lighter fluids, gas cylinders, and propane gas.
    • Avoid smoking in your car. Keep your car uncluttered with trash such as paper which can fuel a fire.
    • Carry a blanket or a fire extinguisher in your car to put out small fires.
    • Look out for rapid changes in fuel level or fluid level of your car. This can be an indication of a fuel or fluid leakage.
    • Look out for signs of an overheated car engine and loud noises from your car exhaust pipe.
    • Get the oil in your car changed by a competent mechanic.

    Preparing for a disaster can prevent your car from major damages. What’s more, a comprehensive car insurance policy can protect you against any vehicle damage incurred as a result of bad weather conditions, auto theft, vandalism, etc. Keep your car insurance documents handy. Renew your car insurance policy on time in order to receive continuous protection.

    Car Loan Reviews

    • Bank of Baroda Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience with them has been quite good with this loan where the loan amount has been sufficient. The interest rate which they offered has been nominal when compared with the market rate and there has not been any extra charges which they had made so far. Their customer support team had also been supportive as well.
      Was this review helpful? 1
      , navi mumbai
      Reviewed on Jan 18, 2019
    • HDFC Bank Car Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      Before three years I purchased second vehicle that is Hyundai I 10 , the documentation process was good with HDFC. The dealer coordinated with the bank, hence the process was quick. I got multiple options but I chosen HDFC, the Interest rate is better because I am an existing customer.
      Was this review helpful? 0
      , delhi
      Reviewed on Jan 18, 2019
    • HDFC Bank Car Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I was taken car loan from HDFC, first time I purchased SANTRO car, the documentation was very convenient. They gave me the door step service I went to the dealer and they done the process, and on time I got the car deliver. They gave me the flexible emi option.
      Was this review helpful? 1
      , delhi
      Reviewed on Jan 18, 2019
    • SBI Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been quite a good experience i had with this car loan and the loan amount which they had provided has been sufficient as well. The interest rate with them was around 9.25% which was nominal when compared with the market rate. The charges which they had made has been nominal as well, and even their customer support has been responsive as well.
      Was this review helpful? 2
      , bhubaneshwar
      Reviewed on Jan 17, 2019
    • SBI Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been taken my car loan with State bank of India, they have given me sufficient loan amount, and i am satisfied with the loan amount , and the rate of interest they have charged me up to 9.45% which is bit high compare to other bank,i have asked for 9 % but its okay, and the processing fee they have charged me was nominal,overall service is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 17, 2019
    • Kotak Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been taken my car loan with Kotak mahindra bank recently ,like 2 months before i took this loan, and i am happy with the loan amount they have given me ,it was sufficient for me, and the rate of interest they have charged me up to 9.3% which was nominal for me and the processing fee they have charged me was nominal, the loan amount process went smoothly. the overall service rendered by them was really good.
      Was this review helpful? 1
      , chennai
      Reviewed on Jan 17, 2019
    • Central Bank of India Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience i had with this loan and the loan amount which they had provided has been sufficient. The interest rate with them is quite nominal when compared with the market rate. There has not been any sort of additional charges which they had made so far.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 13, 2019
    • SBI Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I took my car loan in State Bank of India by last year. The charges are normal. I have spend down payment nearly 1L out of 7L. The branch is near to my residence so will never contact the customer service. The process was immediate and it was completed within 2 days.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jan 12, 2019
    • HDFC Bank Car Loan
      "Its Excellent"
      0.5 4.5/5 "Excellent!"
      HDFC gave me the door step service for the car loan. I took the loan before three years. It was the fantastic experience for me because I got the better interest, I took the loan for 5 years but I done the foreclose in three years , there was no charges for it.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Jan 11, 2019
    • Capital First Car Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The process in getting my Car loan from them has been quite good and the process went smooth. The loan amount was sufficient but the interest rate with them has been quite high when compared with the market rate. Their customer support and their response has been good and has been helpful as well.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jan 10, 2019
    • HDFC Bank Car Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      My car loan experience with HDFC has been good and the loan amount which they had provided has been sufficient. The interest rate with them has been nominal and there has been some charges like processing fee. Overall their has been a help from their customer support as well.
      Was this review helpful? 1
      , pune
      Reviewed on Jan 09, 2019
    • HDFC Bank Car Loan
      "Average Loan Service"
      0.5 3.0/5 "Satisfactory"
      I have approached the bank directly for my car loan. Since I'm existing customer of HDFC for 13 years, i have chosen them. I purchased the loan amount of Rs. 2 lakhs. They have offered me a interest rate of 16% In October 2018, i have closed this loan. Total tenure period of the loan was 3 years. Car Dealer has recommended me about this loan.
      Was this review helpful? 4
      , srikakulam
      Reviewed on Jan 09, 2019
    • Magma Car Loan
      "Average service"
      0.5 1.5/5 "Bad"
      I have been using my car loan with Magma Fincorp previously, they have given me sufficient loan amount ,the rate of interest they have charged me was high,and the processing fee they have charged me was high , i was not happy with there service.
      Was this review helpful? 3
      , ghaziabad
      Reviewed on Jan 08, 2019
    • HDFC Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using my car loan with HDFC bank, there service is too good, the loan amount they have given me was sufficient,the rate of interest they have given me up to 9% which is nominal for me,and the processing fee they have charged me was nominal only they have charged me up to 1% only,and still my loan is running ,there was no hidden charges they have charged apart from that,overall service is good.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Jan 08, 2019
    • HDFC Bank Car Loan
      "Nice offer and nice loan"
      0.5 4.0/5 "Great!"
      I had a car loan with HDFC 1 year back. They have given me a nice offer hence i opted the loan with HDFC. I'm not sure about the partial payment and pre-closure facility. They have given me a nice interest rate according to what i want. I was taken a loan amount of Rs. 3 lakhs.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 08, 2019
    • review Car Loan
      "Need to reduce the charges"
      0.5 3.5/5 "Pretty good"
      I have taken a car loan in Nissan Institution, it was good. I bought the car from same showroom and they have provided me a facility. The rate of interest was high. The documentation procedure was simple. I have taken the loan almost 2 years back and its still running. The loan tenure is 5 years.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 08, 2019
    • HDFC Bank Car Loan
      "Looking for less interest rate"
      0.5 4.0/5 "Great!"
      My car loan experience was good with HDFC bank, loan amount was sufficient and the rate of interest was high when compared to other banks. Customer service was good and they responded on time. The tenure period for this car loan is for 5 years.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jan 08, 2019
    • ICICI Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my car loan with ICICI bank, the rate of interest they have charged me was nominal and they have charged me processing fee they have charged me which was nominal, the loan amount they have given me was sufficient according to the car price i got my loan, still this loan is running,overall service is good.
      Was this review helpful? 3
      , new delhi
      Reviewed on Jan 08, 2019
    • IOB Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my car loan with Indian overseas bank, the loan amount they have given me was sufficient, they have charged nominal rate of interest they have charged me up to 9 % which was nominal and there is zero processing fee , so far there service is have experience was good, they have not taken any hidden charges ,there overall service is good.
      Was this review helpful? 2
      , mumbai
      Reviewed on Jan 08, 2019
    • HDFC Bank Car Loan
      "Good loan experience with HDFC"
      0.5 4.0/5 "Great!"
      My car loan running with HDFC bank, the customer service is super and the fast approval on the disbursement. They taken 15 days to deliver the car. The principal amount is Rs. 4 lakhs for the tenure of 5 years, the car model is baleno which is latest.
      Was this review helpful? 2
      , aligarh
      Reviewed on Jan 07, 2019
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