How is interest calculated on a car loan?

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2024-11-21 06:17:36

A car loan from a bank or non-banking financial company enables the borrower to purchase either a new or used vehicle. It is a good choice if you do not have the full amount. Before availing the loan you need to know how the new and Used Car Loan Interest Rate is determined. This will aid you in choosing the suitable loan. Below you can see how interest rates are calculated. Car Loan Interest...

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