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definition outstanding principal balance car


Banks
State Bank of India

State Bank of India (SBI)

Car Loan : Move ahead in life with SBI Car Loans with more than 6000 Branches offering Car Loans. If you have been putting off purchasing that Car, SBI...
Canara Bank

Canara Bank

Car Loan : CAN Mobile is the Vehicle Loan given by Canara Bank for buying new or used four wheeler.For buying a brand new car, bring just 10% of the cost....
Loan Faqs
Faq

What is a Monthly Reducing Balance? :

In the case of monthly reducing balance method, the principal gets reduced at the end of every month and the interest is calculated on the outstanding principal at the end of the month.
Faq

What is an Annual Reducing Balance? :

In the case of annual reducing balance method, the principal gets reduced at the end of the year and the interest is calculated on the outstanding principal at the end of the year.
Loan Blogs
Blog

How to go for car loan

Car has become a necessity in today's life. Most of people who wish to own a car normally buy a car on a car loan. A car loan is offered by banks and other financial institutions. Due to the growth in the car market lots of car companies are offering economical cars to the Indian consumers and...
Insurance
SBI Life Insurance Co. Ltd

SBI Life Insurance Co. Ltd

SBI Life Insurance is one of the leading life insurers in India. It is a joint venture between the State Bank of India (SBI) and BNP Paribas Assurance based in France. SBI owns 74% of the total...
Life Insurance: Children Plan : SBI Life - Unit Plus Child Plan,   SBI Life - Scholar II
Life Insurance: Retirement Plan : SBI Life - Unit Plus II,   SBI Life - Horizon II,   SBI Life - Immediate Annuity,   SBI Life - Lifelong Pensions
Life Insurance: ULIP Plan : SBI Life - Unit Plus Elite Plan ,   SBI Life - Horizon II ,   SBI Life - Unit Plus II
Insurance Faqs
Faq

What is car insurance? :

Car insurance policies provide protection against the losses occurred due to unavoidable instances. It may cover financial loss caused by accidents, theft and other liabilities due to some accident. In emergency situations car insurance can give a lot of relief to the insured. Anyone with driving...
Faq

Can car insurance policy be renewed online? :

You can renew your policy online, provided it is renewed between the period starting two months before expiry and six days after expiry of the previous policy.



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