4 MinsJan 16, 2023
Buying a new car is a major milestone in our lives. It simplifies commuting and provides transportation comfort. People either save to buy their dream car or opt for a car loan.
A car loan is a more convenient way of buying a car. It provides you with quick funds without putting a dent in your savings. The loan can be repaid through Equated Monthly Instalments (EMIs) without hurting your finances.
Loan EMIs are a recurring expense and borrowers look to lower EMIs to save money. There are different ways of reducing car loan EMIs. Here's a look at some of them -
In today's world, having a car has become a basic necessity. More and more households are investing in a car and resorting to a car loan to fund the vehicle. While car loans are quite easy to avail of, their EMIs can add to your monthly expenses.
Lower EMIs can help you maintain your budget and pay off the loan easily. You can find out more using Axis Bank’s car loan EMI calculator.
Disclaimer: This article is for information purpose only. The views expressed in this article are personal and do not necessarily constitute the views of Axis Bank Ltd. and its employees. Axis Bank Ltd. and/or the author shall not be responsible for any direct / indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. Please consult your financial advisor before making any financial decision.