I just applied for a personal loan in a bank. Yes, nowadays for car loans, the bank requires 20% downpayment of the total amount of the car you're trying to buy.
Their suggestion was to apply for a personal loan then I can buy the car that I want. If you will apply for a personal loan the maximum interest that a bank will be charging is 6%, before it was 10%.
Ask your bank for more details. But for my case, since I have already existing account at Ahli Bank, I've applied for a personal loan there. They have nice offers which you can not resist.
Well, it may depend on the person who has acquired such loans (may it be a personal loan, car loan, housing, etc) on how they will manage their payments and knows what they are paying.
I just applied for a personal loan in a bank. Yes, nowadays for car loans, the bank requires 20% downpayment of the total amount of the car you're trying to buy.
Their suggestion was to apply for a personal loan then I can buy the car that I want. If you will apply for a personal loan the maximum interest that a bank will be charging is 6%, before it was 10%.
Ask your bank for more details. But for my case, since I have already existing account at Ahli Bank, I've applied for a personal loan there. They have nice offers which you can not resist.
Well, it may depend on the person who has acquired such loans (may it be a personal loan, car loan, housing, etc) on how they will manage their payments and knows what they are paying.