Business News Desk,If you are planning to buy a new car before Diwali and are looking for the lowest interest rate on car loan. Information about car loan offers from all banks can be very important. Here we are giving you information about car loan interest rates and EMI of some major banks, so that you can choose the right loan as per your choice. How much EMI will you have to pay on a car loan of Rs 10 lakh? By keeping in mind the offers of all these banks, you can choose the right car loan as per your requirement and budget. Know details here.
Union Bank of India
Union Bank of India, a leading public sector bank, is offering an interest rate of 8.70% on a car loan of Rs 10 lakh. At this interest rate your EMI will be Rs 24,565.
State Bank of India (SBI)
SBI is offering car loan at an interest rate of 8.75%, making your monthly EMI Rs 24,587. Punjab National Bank, Canara Bank, and Indian Bank are also offering car loans at this interest rate.
Bank of India
Bank of India is offering car loan at an interest rate of 8.85%, in which your monthly EMI will be Rs 24,632.
Bank of Baroda
Bank of Baroda is offering car loan at an interest rate of 8.90% for a period of four years. At this interest rate your monthly EMI will be Rs 24,655.
ICICI Bank
ICICI Bank is offering car loan of Rs 10 lakh at an interest rate of 9.10%. Your monthly EMI on this will be Rs 24,745.
Axis Bank
Axis Bank is offering a car loan at an interest rate of 9.30%, and your EMI on this 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%, in which you will have to pay a monthly installment of Rs 24,881 every month.
