As festive seasons like Navratri, Ayudha Puja and Diwali are approaching, many people expect the products to be sold at discounted prices. It is expected that the festive season following the corona period will be celebrated in style. Here is a list of banks that offer car loans at low interest rates for those who dream of buying a car this festive season.
Central Bank of India:
Among public sector banks, the Central Bank of India charges an interest rate of 7.65% on car loans up to Rs 10 lakh.
SBI:
SBI, which is India’s largest bank, charges an interest rate of 7.9% on car loans up to Rs 10 lakh.
HDFC:
hdfc bank charges a minimum interest rate of 7.95% on car loans. A minimum installment of Rs 15,561 is charged for a loan worth Rs 10 lakh.
Bank of Baroda:
Like hdfc bank, Baroda bank charges a minimum interest rate of 7.9% on its car loan.
Karur Vysia Bank:
Karur Vysya Bank charges an interest rate of 8% for a car loan worth Rs 10 lakh over 7 years.
ICICI Bank:
Here bank charges an interest rate of 8% Like Karur Vysya bank on car loans.
National Bank of Punjab:
An interest rate of 8.15% is charged on a car loan of Rs 10 lakh in 7-year installments from the National Bank of Punjab.
Bank of Maharashtra Bank:
Off Maharashtra is charging an interest rate of 8.2% on a car loan of Rs 10 lakh with a term of seven years. Monthly loan installment of Rs.15,686.
Axis Bank:
Axis Bank, a private sector company, also offers car loans at an interest rate of 8.2%.
Bank of India:
At an interest rate of 8.25%, Bank of India, which is a public sector bank, offers car loans. EMI is Rs.15,711.