New Delhi :
If you’re planning to buy a car by Navratri and are considering taking a car loan, it’s important to know the interest rates offered by different banks.
Here’s a look at which banks are offering the lowest interest rates on a ₹10 lakh car loan and how much EMI you’ll need to pay.
Union Bank of India
Union Bank of India, a public sector bank, is offering a car loan at an interest rate of 8.70% for a ₹10 lakh loan over four years.
The monthly EMI for this loan will be ₹24,565.
State Bank of India (SBI)
SBI, India’s largest bank, offers car loans at an 8.75% interest rate. The EMI for a ₹10 lakh loan over four years will be ₹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 provides a car loan at an interest rate of 8.85%,
with an EMI of ₹24,632 for a ₹10 lakh loan over four years.
Bank of Baroda
Bank of Baroda offers a car loan at an 8.90% interest rate. The EMI for this loan is ₹24,655.
ICICI Bank
ICICI Bank offers a ₹10 lakh car loan for four years at a 9.10% interest rate.
The monthly EMI will be ₹24,745.
Axis Bank
Axis Bank offers a car loan at a 9.30% interest rate.
The EMI for this loan will be ₹24,835.
HDFC Bank
HDFC Bank is offering a car loan of ₹10 lakh at a 9.40% interest rate.
You will have to pay an EMI of ₹24,881 per month for this loan.
