HDFC bank car loan interest rate 2013

We human are lived with our own desire and want. After we get a good job with a handsome amount of salary we start dreaming for a better future with better amenities a bit different from the basic amenities of our daily life, and in that dream we generally have a big house or apartment in the heart of the city with a big yard in front of it, and having a big car. Now let’s talk about car, we always dream for a sedan or big car with all the high end facility, but for with the big car the next thing that comes up is that affordability, whether you can afford the car or not. But now you need not worry for that there are so many private as well as government banks are there who can provide you with car loans. Banks usually provide loans with different rates of interest and EMI schemes. But among the banks you can go for HDFC bank as HDFC Bank is now providing car loans at comparatively lower rates of interest among other private banks with greater facilities regarding the EMI schemes. For new cars HDFC bank is now providing loans on the interest rates of 10.50%- 11.75% which is per till date is the lowest among all the other banks.  For the used car loans HDFC bank providing you 15.25% - 17.75 %( for 60 months), 15.25% - 17.75%
(48 months),15.25% - 17.75%(36 months),15.75% - 18.25%(24 months),15.75% - 18.25%(Up to 12 months). The first down payment fee for the loan starts from Rs 2325/- to Rs. 4275/-which is again lower than the other banks proving car loans and these are applied for both the new and also old cars.  It give you the flexibility of payment up to 12 to 84 months. Our conventional idea regarding taking loans is that while taking loans it takes a long process at least it’s a matter of minimum for a month but here HDFC can assure for the processing of the loans within 48 hrs. which hardly can any bank offer you with this assurance. The best thing regarding this bank is that if you are an account holder in this bank then you can get some facilities regarding the repay of the loans and many other facilities. Other banks usually make fuss while the matter comes to the documentation and the customers get frustrated and get irritated but in this bank you can get a very smooth process of documentation.
If your down payment is up to 2 lacs then the processing or downpayment fee will be Rs. 2000, 2.5 -4 lacs then it is Rs.3000, above 4 lacs then it will be Rs.3500.  If you want to repay the entire loan amount that you also you can do, you can repay the entire loan amount after 6 months of availing the loan. You can apply for the loan from the age of 21 up to 60 if you are a salaried person And for an self- employed applicant it will be from 25- 65. At time of application you need not have a guarantor

2013 SBI used car loan interest rate

Now a day to buy a car is not at all a big thing. Earlier having a car was a matter a wonder but now days everyone is having a personal car. To move in a car has become one of the most important parts of our life. The importance of using car is increasing day by day. Now days the mentality of using car has grown up to an extreme, now everyone is in a want to buy a car whether they can afford it or not that becomes secondary and that is why buying used car is also increasing rapidly and that is why banks are also providing loans on used car . But they can easily buy a used car by help of bank loan. To buy a used car not very herd because used car also available in car market widely.
SBI is the biggest and most trustable bank of India. Like other Bank they also provide car loan to their customers to buy car. Now a day’s selling of used cars has increased to an extreme and that’s why SBI has come up with attractive used car loan scream with an comparatively low rate of interest. SBI is governor bank so obviously their used car loan scheme is more trustable than others banks. SBI also cut their interest rate of their car loan.
As I have already said earlier that SBI has already proves themselves as one of the most trustworthy bank among all the other private and government banks. To you if trust matters a lot then Suggestion will definitely go for SBI bank, you might be thinking that as SBI being a sole government unit it should have high rate of interest for car loans but actually is not at all the fact, according the list up to 21st Feb, 2013 SBI provides car loans for new car at 11.25% and for used car they provide you loans at 17.25% Upto 36 Months, 17.50% Above 36 Months, with greater EMI facility.
Before applying for a loan first chose the car which you want to buy, whether you want to buy a new car or an used car, if you want a new car what will be the brand, affordable price, do you want repay the full amount or you want to go for EMI schemes after that you should verify that the car that you are going to buy is an used car or new cart by checking all the documents and complete all the verification process.
When you approach to buy a used car dealer also help you to get the car loan. After inquiry the used car prepares your papers which need to buy a used car.

Before you apply for used car loan remember this..

• ·         Your age in between 21 to 65 years.
• ·         You are a permanent employee of an organization.
• ·         Fill up income tax return properly.
• ·         Net annual income should be above 1 lac.

 Documents needs for Loan:

• ·         You need bank statements of last 12 month from your banker.
• ·         2 Passport Size Photo
• ·         Your Signature should be verified from bank officers
• ·         Residency and office address proof.

·         I.T returns Form 16 of 2 year (salaried employee)/3year (self employee, businessman) acceptable by ITO.

Latest salary slip where shows all deduction

How to Donate Car Process in USA

There some steps which evolved in car donation program. Steps 
•Verify the recipient at the time of receiving donation.
•Determine the exact market fair value of your donated vehicle.
•Donate the vehicle.
•Ask for the tax receipt with the charity’s name and federal tax number with the donation date, donor’s name with year, model number of the vehicle that was donated.
•Follow your state’s rules and regulations for verifying the motor vehicle department and the insurance company to insure the vehicle.
Donating cars is better defined as it’s a practice of giving away the unwanted and undesired vehicle to the charitable organizations. Donation can be done in the form of a gift, grant, or contribution. But donations can be charitable as well. It can be commonly in the form of cash, real estate, motor vehicles, appreciated securities, clothing and other assets. There many charities which run car donation programs which donate cars which are sponsored by the companies. The main advantage of sponsoring of the cars is the processing company takes some percentage of the sale value of the car through these vehicle donation programs.
Car donation programs are highly followed because of its fundraising quality which is only sponsored by non-profitable organizations as a means for raising money Non-profitable organizations are increasingly relying on car donation programs for their revenue generation.Donation can be done on the charity basis to get rid of your unwanted vehicle. It will help you in maximum tax deduction it’s from your taxable income.

Example of car donation given below:

	Car Donated To Charity	Car Sold and Cash Donated
Sale Price	$6,075	$7,545
Cost of the Sale	$0	$100
Net to Charity	$1,019	$7,445
Itemized Deduction	$6,075	$7,445
Tax Benefit	$2,004	$2,457