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vinti | Jun 21, 2022 | Views 2

Car Loan Interest Rate: Want to buy Car on EMI; Know how much interest the bank is charging?

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.

ICICI Bank

For the purchase of an automobile, ICICI Bank is offering loans at rates ranging from 7.35 percent to 8.50 percent.

Canara Bank

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.

Maharashtra 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.

Indian Bank

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.

Axis Bank

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.

HDFC bank

From here you can get a loan at an interest rate of 7.95 percent to 8.30 percent.

IDBI Bank

You will have to pay interest on a car loan from IDBI Bank that ranges from 8.10 percent to 9.90 percent.

UCO Bank

An interest rate of 8.10% will be charged to those who apply for a car loan at UCO Bank.

Dhanlaxmi Bank

Interest rates for car loans from Dhanlaxmi Bank range from 8.10 percent to 9.20 percent.

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