I am planning to take a CAR loan from SBI for 7 years.The Interest given is 7.25%.But I have plans to prepay the loan in 3-4 years.The best option with SBI is that they do not charge any Preponment fees which all the others charge.
Can I save tax thru Car Loan?I have already saved on Home loans /LIC etc.But still there is a tax component of around Rs 2400 pm in my salary.Please revert if there are any options available........
