Owning a car is everyone’s dream, but buying one outright in today’s inflationary era can be tough. Many people take car loans to make their dream a reality. But a small mistake while taking a loan can lead to big trouble. Here’s what you need to know.

Keep Your Credit Score Strong: A good credit score helps you get loans at lower interest rates. Even with an average score, banks may approve your loan, but at higher rates, increasing your EMI. Aim for a credit score above 700 before applying.

Pay a Higher Down Payment: The more you pay upfront, the less loan burden you’ll have. Make sure to pay at least 20% of the car’s price as a down payment. This reduces both EMI and interest cost.

Compare Banks Before Choosing: Don’t settle for the first offer you see. Compare interest rates, proces

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