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Tag: vehicle purchase tips India
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Banks Face Surge in Car Loan Cancellations Ahead of September 22 GST Rate Cut
With the GST rate reduction on cars coming into effect from September 22, 2025, banks and financial institutions across India are seeing an unusual spike in cancellation of approved car loans. This phenomenon is directly tied to the upcoming cut in Goods and Services Tax (GST) on passenger vehicles, which promises significant savings for buyers.…