Banks That Offers Lowest Car Loan Interest - Car Finance
HTML-код
- Опубликовано: 7 сен 2024
- Banks That Offers Lowest Car Loan Interest - Car Finance
Car Loan - With interest rates as low as 7.00% p.a. and a repayment tenure of up to 8 years, you can find the most suitable car loan for your needs at BankBazaar. You can take the loan for 90% to 100% of the on-road price of the car.
Compare Best Car Loan Interest Rates in India for 2022
Bank Name Car Loan Interest Rates Processing Fee
Bank of Baroda Car Loan 7.00% p.a. onwards Rs.1,500
Canara Bank Car Loan 7.30% p.a. onwards 0.25% of the loan amount, subject to a minimum of Rs.1,000 and a maximum of Rs.5,000
Axis Bank Car Loan 7.45% p.a. onwards Minimum of Rs.3,500 and maximum of Rs.7,000
Federal Bank Car Loan 8.50% p.a. onwards Contact the bank
SBI Car Loan 7.20% p.a. onwards New Car: Nil (offer valid until 31 January 2022)
Credit Score
Car Loan Interest Rates
Updated on 30 Jul 2022
Car Loan Details
Interest Rate (Monthly reducing balance) 7.00% onwards
Processing Fees Depends on the bank
Loan Tenure 1 year to 8 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank
Note:The interest rates will differ from one bank to another. This makes it critical to compare the interest rates before choosing a loan to apply for.
Here's a Tip!
It is vital that you maintain a good credit score when you apply for a car loan. Apart from the loan getting approved quicker, lenders will offer low interest rates if your credit score is good. No security or collateral is required when availing a car loan. The car acts as the security.
Listed below are some of the best car loan products you can opt for in 2022:
Key USP Bank Features
Loans for Luxury Cars HDFC
Effective interest rate is 7.95%
Tenure is up to 84 months
Maximum loan amount is up to Rs.3 crore
100% financing of on-road price for select models
Designed for professionals and agriculturalists with no Income Proof State Bank of India
Effective interest rate is 7.20% onwards
Tenure is up to 84 months
Up to 90% of the on-road price may be financed
Loan is provided for professionals and agriculturists
Small Loans Axis Bank
Effective interest rate starts from 7.45%
Tenure is up to 96 months
Up to 100% of the on-road price may be provided as a loan
You can avail a loan of Rs.1 lakh
Free Personal Accident Insurance Federal Bank
Effective interest rates start from 8.50%
Tenure is up to 84 months
No income documents need to be provided
Up to 100% of the ex-showroom price can be availed
Low-Interest Rates for Used Cards and New Cars Canara Bank
Effective interest rate starts from 7.30%
Tenure is up to 84 months
Up to 90% of the on-road price may be provided
Lower interest rates are provided for women
Depeerciation means govt on leg jmmmm
Dada, Naya e auto lena hai, jiska ex showroom cost hai 359000/-, 2,00,000/- down payment se, private Finance se leta hu to lakbak 40k ki ass pass extra Dena pare ga, jo muje nahi Dena hai, ab mai baki k 1.5Lk ki liye bank se loan ya phir fainance lena sahi reh ga..??
Floating what modi and rbi says in fore cast promise against that why not interest rate then india going pm
Car finance video bnaiye
Ok done sir
Ab sab change ho gaya