Banks also offer loans with special discounted interest rates to buy cars. Some banks offer car loans for 5 to 7 years and others for 7 to 8 years.
This time in the country the festive season has begun. During this season, people buy cars, bikes and other vehicles in large numbers. Companies also offer good discounts and offers so that people can buy cars and bikes on a large scale. Currently, many cars are being offered under the Dussehra and Diwali offer. However, banks also offer loans with special discounted interest rates to buy cars. Some banks offer car loans for 5 to 7 years and others for 7 to 8 years.
– HDFC Bank currently offers car loans at a rate of 9.25%. If you take a car loan from here at this rate for 7 years, you will have to pay Rs 1,622 per month for every Rs 1 lakh.
SBI is currently offering car loans at a rate of 8.00 per cent. If you take a car loan from SBI at this interest rate, you will get Rs. A car loan of Rs 1 lakh for 7 years will be Rs 1,559. When it comes to interest rates on car loans, SBI is currently offering the cheapest car loan.
– ICICI Bank is currently offering car loans at a rate of 9.30%. If you take a car loan from this bank for 7 years, you will have to pay Rs 1,624 for monthly installments of Rs 1 lakh.
– AXIS Bank is currently offering car loans at a rate of 9.25%. If you take a car loan from AXIS Bank for 8 years, the installment of Rs 1 lakh comes to Rs 1,478.
– IndusInd Bank is currently offering car loans at a rate of 10.65%. If you take a car loan from a bank for 5 years, the monthly installment will be Rs 1 lakh to Rs 2,157. It should be noted here that the bank has been giving car loan for 5 years.
– Kotak Bank is currently offering car loans at 11.50%. If you take a car loan of Rs 1 lakh from a bank for 5 years, its installment comes to Rs 2,199 per month. Here the bank is giving car loan for 5 years.- PNB is currently offering car loans at 8.75 per cent. If you take a car loan from a bank for 7 years, you will have to pay Rs 1,596 in installments of Rs 1 lakh.
– Union Bank currently offers car loans at 8.60%. If you take a car loan from Union Bank for 7 years, the monthly installment is Rs. Lakhs will come to Rs 1,589.
– The Central Bank is currently offering car loans at a rate of 9.00 per cent. If you take a car loan of Rs 1 lakh from a bank for 7 years, the deferral of Rs 1 lakh comes to Rs 1,609 per month.
Also Read: Does LTC cash voucher scheme also apply to private employees How to use this scheme …
– Andhra Bank is currently offering car loans at a rate of 9.40 per cent. If a car loan of Rs 1 lakh is taken from a bank for 7 years, its installment per month is Rs 1,629.
– IDBI Bank is currently offering car loans at a rate of 9.30%. If you take a car loan of Rs 1 lakh from a bank for 7 years, its monthly installment is Rs 1,624.
– Federal Bank is currently offering car loans at 9.15 per cent. If you take a car loan from a bank for 7 years, each installment is Rs 1,617.
– Bank of India is currently offering car loans at a rate of 9.50%. If you take a car loan of Rs 1 lakh from a bank for 7 years, its installment comes to Rs 1,634 per month.
– Bank of Maharashtra is currently offering car loans at a rate of 9.25%. If you take a car loan of Rs 1 lakh from a bank for 7 years, its monthly installment will be Rs 1,622.
– Corporation Bank is currently offering car loans at 9.55%. If you take a car loan of Rs 1 lakh from a bank for 7 years, the installment comes to Rs 1,637 per month.
– Indian Bank is currently offering car loans at a rate of 9.65 per cent. If you take a car loan of Rs 1 lakh from a bank for 7 years, the deferral is Rs 1,642 per month.
– Bank of Baroda is currently offering car loans at 8.90 per cent. If you take a car loan of Rs 1 lakh from a bank for 7 years, its installments are Rs 1,604 per month.
– United Bank of India currently offers car loans at 9.10 per cent. If you take a car loan of Rs 1 lakh from a bank for 7 years, its installment comes to Rs 1,614 per month.
