Car Loan Interest Rate: Want to buy Car on EMI; Know how much interest the bank is charging?
What will the cost of a car loan be?
If you are considering financing the purchase of a new vehicle, you must first find out the interest rate at which the loan is offered. Although it is easier to purchase a car on an EMI, your financial load is increased. Consider taking out a five-year auto loan. Tell us which bank offers auto loans and at what interest rate.
The List of Banks & their offering Interest Rates
State Bank of India
You will have to pay interest on a car loan from us that ranges from 7.25 percent to 8.15 percent.
For the purchase of an automobile, ICICI Bank is offering loans at rates ranging from 7.35 percent to 8.50 percent.
From this point, you can obtain a car loan at a rate ranging from 7.40 to 10.30 percent.
Punjab National Bank
You will have to pay interest of 7.65 percent to 9.25 percent if you apply for a car loan with Punjab National Bank.
You will be required to pay 7.70% to 10.20% in interest if you borrow money from Maharashtra Bank for an automobile.
Punjab and Sind Bank
You will have to pay interest on a car loan from us that ranges from 7.70% to 8.80%.
Union Bank of India
Interest rates on car loans from Union Bank of India range from 7.70 percent to 8.90 percent.
You will have to pay interest of 7.80–8.10 percent if you borrow money from Indian Bank to buy an automobile.
Karur Vysya Bank
Here car loans will be available at an interest rate of 7.80 percent to 8.10 percent.
Private sector Axis Bank is giving car loans at the rate of 7.85 percent to 14.50 percent.
Bank Of Baroda
If you borrow money from Bank of Baroda for a car, the interest rate will range from 7.95 to 11.20 percent.
From here you can get a loan at an interest rate of 7.95 percent to 8.30 percent.
You will have to pay interest on a car loan from IDBI Bank that ranges from 8.10 percent to 9.90 percent.
An interest rate of 8.10% will be charged to those who apply for a car loan at UCO Bank.
Interest rates for car loans from Dhanlaxmi Bank range from 8.10 percent to 9.20 percent.