Car Loan Interest Rate 2024: Do you also plan to take a car loan till Navratri? You are also checking the interest rates of banks. Here we are telling you which bank is offering the lowest interest rate on car loan. Also, how much EMI will you have to pay on a car loan of Rs 10 lakh. Know the details here.
Union Bank of India:
Union Bank of India, which is a public sector bank, is offering 8.70% interest rate on a new car loan of Rs 10 lakh. This loan is for four years and your EMI on this will be Rs 24,565.
State Bank of India (SBI):
India’s largest bank, SBI, is offering car loans at an interest rate of 8.75%. In this, your monthly EMI will be Rs 24,587. Punjab National Bank, Canara Bank and Indian Bank are also offering car loans at the same interest rate.
Bank of India:
Bank of India is offering car loans at an interest rate of 8.85%. On this, you will have to pay an EMI of Rs 24,632 every month.
Bank of Baroda:
Bank of Baroda is offering car loans at an interest rate of 8.90% for a period of four years. In this, your EMI will be Rs 24,655.
ICICI Bank:
ICICI Bank is offering a car loan of Rs 10 lakh for four years at an interest rate of 9.10%. In this, your monthly EMI will be Rs 24,745.
Axis Bank:
Axis Bank is offering car loans at an interest rate of 9.30%. The EMI for this loan will be Rs 24,835.
HDFC Bank:
HDFC Bank is offering a car loan of Rs 10 lakh at an interest rate of 9.40%. On this, you will have to pay a monthly installment of Rs 24,881.
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