The best car loan rates can be found online from a number of financial companies. Unlike dealership financing, online lenders have to compete with low rates and fees for your business. And you can find these cheap rates on lenders' sites, or you can also get a personalized loan quote to find the best available car financing.

The status- symbol and the need that keeps you moving, a car is always the best thing for anybody who requires maintaining a pace of growth in his life. But, having the desire only does not mean you have got the car. So, for all those who do not have enough bucks to buy a car of their own, car loans are there.

HDFC Bank, the country's third-biggest by value, will not follow other private sector banks in stopping lending to small borrowers in the sub-prime segment following instances of excesses by recovery agents.

Most bankers on Tuesday ruled out the possibility of lending rates softening following RBI's move to suck out excess liquidity, but housing finance leader HDFC sees a scope for reduction.

Most people hate buying a car. They rate it right up there with getting a root canal-downright painful. But why oh why is buying a vehicle such a nightmare? For many of us it is the painful negotiation to get the best price. Is there any way that we can buy a car and save money without all of the stress?!

A cheap car loan rate is something that you should watch out for when you are shopping for a car. Purchasing a car can have a significant impact on your finances, so do not just impulsively rush to the dealer and sign a deal, before you think it through. You need to sit down and consider your financial situation, you need to figure out if you can actually afford a car that you like or compromise for another one that is friendlier on your pocket.

Banks and financial institutions are pruning exposure and tightening lending norms for the two-wheeler industry due to high delinquency rate and falling margins. GE Money exited the two-wheeler finance business in May and few more are likely to venture out due to the high risk involved. FIs and banks have already refused to allow Bajaj Auto, TVS Motors and Yamaha India to offer zero finance or lower interest rate schemes for the coming festive season.

If you decide to use your dealer's car loan, make sure to negotiate for a lower interest rate. There should be some negotiation room as dealerships usually have several loan sources, each with its own interest rate level, such as the manufacturer's credit company or the local bank. You should also investigate other sources, such as your bank or credit union.

You should seriously consider a car loan refinancing if you initially did not get 0% to 3% APR car loan from the dealer or bank. By refinancing your car loan, your current loan is paid off with the new loan coming from a different lender at a lower interest rate. You can save more money with lower monthly car loan payments thanks to the lower interest rates. You will also be able to accelerate your car loan payoff in a shorter period of time.

HDFC Bank provides the best Refinancing rates and also with no hidden terms and conditions. you can easily repay the loan with comfortable EMI's.

It makes more sense to refinance your car loan earlier as the interest is usually paid in the earlier payments. The earlier you apply, the more money you can save. However, if you refinance after the fourth year your savings will not be as much.

Loans for home and car loans are getting cheaper with the ICICI Bank, the country's largest retail lender, and Housing Development Finance Corporation (HDFC), a leading mortgage lender, announcing cuts in select lending rates.

The ICICI Bank today announced that it would offer retail loans other than home loans at 50 basis point lower interest, but on a floating basis.

HDFC has announced a festival offer - valid till October 31 - of home loans at 10.50 per cent, 50 basis point lower than its monsoon offer.

Meanwhile, government-owned State Bank of India (SBI), the country's largest lender, is also expected to cut retail interest rates in the next few days.

The bank has a retail base of 2.2 million customers. It has increased its branch network to 171 (131 branches as on March 31, 2001) and the automated teller machine network to 479 from 207 at the end of last fiscal. HDFC Bank is among the top three in key segments like car loans, personal loans, loans against shares and the market leader in debit cards, demat accounts, cash management services.

For the fiscal ended March 2002 sales were Rs 2036.2 crore, PBIDT was 73.6 per cent, net profit was Rs 297 crore and the EPS was Rs 10.6. The company appears to be one with very good fundamentals and holding on to this scrip could prove beneficial. However, considering its valuations, fresh investment could ideally be considered at declines.

India's Housing Development Finance Corp Ltd (HDFC) said it has raised its stake in HDFC Asset Management Company Ltd (HDFC AMC) to 60 pct by purchasing a 9.90 pct stake from Standard Life Investments Ltd (SLI) for a total 1.82 bln rupees.

SLI, the investment arm of UK-based Standard Life PLC, holds the remaining 40 pct, HDFC said in a statement.

HDFC AMC is the investment manager to HDFC Mutual Fund, with funds under management of 413.33 bln rupees as of Sept 30.

Car loans will see an interest rate hike for the fourth time in a row in as many months, this weekend. Top financiers like ICICI and Kotak are increasing auto interest rates by 75-100 basis points. This means car buyers will have to shell out anywhere between Rs 500-5,000 extra per month as EMI payout.

Fellow financing biggie HDFC, however, is holding its rates for now. Said Ashok Khanna, executive vice-president, HDFC: "As of now, we have no immediate plans to increase any interest loans. However, we will react to market conditions accordingly."

The bank has a retail base of 2.2 million customers. It has increased its branch network to 171 (131 branches as on March 31, 2001) and the automated teller machine network to 479 from 207 at the end of last fiscal. HDFC Bank is among the top three in key segments like car loans, personal loans, loans against shares and the market leader in debit cards, demat accounts, cash management services.

For the fiscal ended March 2002 sales were Rs 2036.2 crore, PBIDT was 73.6 per cent, net profit was Rs 297 crore and the EPS was Rs 10.6. The company appears to be one with very good fundamentals and holding on to this scrip could prove beneficial. However, considering its valuations, fresh investment could ideally be considered at declines.

-> Covers the widest range of cars and multi-utility vehicles in India.

-> Avail 100% finance on your favourite car.**

-> Flexible repayment options, ranging from 12 to 84 months.

-> Borrow up to 3 times your annual salary (for salaried professionals) and 6 times your annual income (for self employed professionals)*.

-> Speedy processing - within 48 hours.

-> Repay with easy EMIs.

-> Attractive car loan plans - To Fastrack your loan, just choose the plan that is right for you.

-> Attractive Interest rates

-> Hassle-free documentation.

-> Customer Privileges.

few more benefits:

-> If you are an HDFC Bank account holder, we have special rates for you.

-> If you have had a Preferred Account or a Corporate Salary Account with HDFC Bank for more than six months, you can get fast approvals on your loans with minimal documentation.

-> If you are an existing HDFC Bank Car Loan customer with a clear repayment of 12 months or more we can Top-Up your car loan to the extent of the original loan value.