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20/4/10 rule explained: How this budgeting formula can prevent car loan stress

Hooked on a shiny car but worried about loan stress? Start with the 20/4/10 rule to protect your finances: 20% down payment, 4-year loan, and total car costs under 10% of your monthly income. Read on to understand the basic concepts before you lock in with a fresh car loan EMI. 

25 May 2026 5:58 pm