Car Loan Interest Rate: Every youth dreams of buying a car, but getting a car in cash is not an easy thing, due to which one has to take the help of loan. Because of this, we are going to tell you that it would be best for you to buy a car from these banks to avoid debt.
Car Loan interest rate: People work hard and save money for their dream car and if they fall short of some amount, they make their dream come true by taking a loan, but before taking a car loan, compare the interest rates of all the banks. It is better to take one, so that you can get a cheap car loan.
Zero processing fee on car loan in these banks –
Car loan processing fees are charged by most banks. However, some banks are still offering car loans at zero processing fees. Car loans are being given by Indian Bank, SBI and Bank of Maharashtra at zero processing fees. At the same time, 100 percent discount on processing fees is being given by Canara Bank, Central Bank of India, Bank of India and Union Bank of India.
Interest on car loan in big banks –
- Indian Bank – Starting from 8.60 percent
- State Bank of India – Starting from 8.65 percent
- Bank of Maharashtra – Starting from 8.70 percent
- Central Bank of India – Starting from 8.70 percent
- Canara Bank – Starting from 8.70 percent
- UCO Bank – Starting from 8.70 percent
- Bank of India – Starting from 8.75 percent
- IDBI Bank – Starting from 8.75 percent
- Bank of Baroda – Starting from 8.75 percent
- CSB Bank – Starting from 8.75 percent
- Punjab National Bank – Starting from 8.75 percent
- Union Bank of India – Starting from 8.75 percent
- HDFC Bank – Starting from 8.80 percent
- Punjab and Sindh Bank – Starting from 8.85 percent
- Indian Overseas Bank – Starting from 8.85 percent
Let us tell you, the interest rate of the loan depends on your credit score. If your credit score is more than 750, you are more likely to get a loan at a lower interest rate.
