Need an auto loan - already have an electronic gadgets loan?

Hi,

I am planning to buy a car (the auto dealer is offering a 100% financing scheme which is why I am making haste to avail of it.)

I need to furnish my sal account details..but I am already making EMI payments on some elec gadgets that I bought last year from this account.

I do not have another account, and still have 1 year to go on the gadgets loan. I also dont want to lose out on this financing offer.

My question is, will the bank refuse me the 100% loan, or reduce my loan amt or charge higher interest in any way, becoz I am alreay paying EMIs on another commodity?

Please help..urgent!!!!!

Thanks.

Need an auto loan - already have an electronic gadgets loan?

Hmmm... if your credit score is good enough, it shouldn't be a problem, provided your other accounts are paid on time.

Need an auto loan - already have an electronic gadgets loan?

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Need an auto loan - already have an electronic gadgets loan?

If you are having the capacity and facility to repay the additional loan ( it must be reflected in your B/S also) and have sufficient collateral security for the additional loan, you can easily approach and get fro mt eh same Bank