Which bank is charging how much interest on car loan in 2024, know here

Car Loan Interest RateToday we are going to share you information about car loan, which bank is taking how much interest for car loan. The interest rate on depositing in the bank has come down quite a bit, so the interest rate for taking a car has also come down to the minimum percentage level. Car loan borrowers can see here how much interest is being charged by which bank. So let’s know which bank is taking how much interest on car loan in 2024. Here, the detail of the interest rate charged by all the banks in the car loan is given.

Car Loan Interest Rate

Car loan cheap or expensive depends on your credit card score. If your credit card score is 750 then you will get car loan at cheap interest rates. You can get car loans at costlier rates if your credit card score is low or bad. Before availing any kind of loan, you must have a good civil score. If the civil is not correct, many times it may happen that you may not get the loan. If you are planning to buy a new car, then all you need to confirm once is which bank is taking the interest in the car loan. Car loan is given by almost all banks, so you should be aware of car loan interest.

How to Download Vehicle NCRB Report. Check Vehicle NCRB Report Online

Which bank is charging how much interest on car loan in 2024

Car loan is given by all the banks in today’s time, the only difference is that different banks charge interest in car loan in cheap or expensive form. But as you all know that the customer takes a loan from the same bank where the interest rate is the cheapest. The first thing you need to do is to check your credit card score before taking a car loan. So let us know which bank has the lowest car loan and how much EMI you will have to pay for a car loan up to Rs 10 lakh.

Punjab National Bank car loan interest

According to the information, the cheapest car loan is being given by Punjab National Bank. This car loan is being given under PNB at the rate of 6.65 percent. That is, for a loan of Rs 10 lakh, the customer will have to pay an EMI of Rs 19 thousand 6 hundred 36. This EMI has to be deposited by the individual for a period of 5 years.

Know the car loan interest rate of other banks

1. 6.80 percent under Punjab and Sind Bank As car loan is being given. Based on this, if a car loan of Rs 10 lakh is taken, then for this you will have to pay an installment of Rs 19707 every month in the form of 5 years.
2. Bank of India 6.85 percent Car loan at the rate of Rs.10 lakh and for this an EMI of Rs.19,731 will have to be paid for 5 years on a loan of Rs.10 lakh.
3. Indian Bank 6.90 percent is giving a car loan at the rate of Rs.10 lakh and an EMI of Rs.19,754 will have to be paid on the loan of Rs.10 lakh. The person will have to pay for a period of five years.
4. Central Bank 7.25 percent 10 lakh for this you will have to deposit an EMI of Rs 19,919 per month for a period of 5 years.
5. Bank of Baroda loan is 7 percent For this, a person will have to pay an EMI of Rs 19,801 for a period of 5 years on a loan of Rs 10 lakh.
6. State Bank of India 7.20 percent Car loan @ Rs.10 lakh and taking a car loan of Rs.10 lakh, its EMI will be Rs.19,896. You have to pay this loan amount over a period of 5 years.
7. Union Bank 7.25 percent Giving a car loan at the rate of Rs.10 lakh and for this you will have to pay an EMI of Rs.19,919 as a tenure of 5 years on a car loan of Rs.10 lakh. That is, you have to deposit EMI as 19,919 per month.
8. car loan from uco bank But you are being given a loan at the rate of 7.25 percent. In this, you have to pay Rs 19,919 per month as EMI for a period of 5 years.
9. Canara Bank Car Loan 7.30 percent and its EMI will be Rs 19,943 for a tenure of 5 years on taking a loan of 10 lakhs.
10. Bank Of Maharashtra Car Loan 7.30 Percent For this, an EMI of Rs 19,943 will have to be paid on a loan of 10 lakhs for a period of 5 years.
11. IDBI Bank Car Loan 7.35 The loan is being given at the rate of Rs.
12. Axis Bank 7.45 percent Giving Car Loan at the rate of Rs.
13. Indian Overseas Bank When you take a car loan from 7.55 percent can take loan from
14. The car loan interest rate of Yes Bank is 7.71 percent.

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