Car Loan: Planning to buy a car on Akshaya Tritiya, check which of these 5 banks is giving loan at low interest..
Akshaya Tritiya is on Friday, 10th May and this date is considered to be the auspicious time. It is believed that on this day any auspicious work can be done without seeing. In Hindu religion, the day of Akshay Tritiya is considered very auspicious. On this day, along with gold, a large number of people also buy other valuables like cars (plan to buy a car), etc. In such a situation, if you are also planning to buy a car on Akshaya Tritiya, then you should know about the interest rate on Car Loans offered by the bank so that you can make the right decision.
Check what is the interest rate on car loans in banks
1. Union Bank of India
Union Bank of India car loan interest rates, the interest rate on car loans in this government bank starts from 8.70 percent. If you take a car loan of Rs 10 lakh for four years, then the EMI on it will be around Rs 24,500.
2. State Bank of India
The initial interest rate on car loans in the country's largest bank, State Bank of India (SBI Car Loan), is 8.75 percent. Apart from SBI, Canara Bank, PNB, and Indian Bank are also offering car loans at an initial rate of 8.75 percent. If you take a car loan of Rs 10 lakh for four years, then the EMI on it will be around Rs 24,600.
3. Bank of India
Bank of India (BOI Interest rates), this public sector bank is offering car loans at an initial interest rate of 8.85 percent. If you take a car loan of Rs 10 lakh for four years, then the EMI on it will be around Rs 24,650.
4. Bank of Baroda
Bank of Baroda interest rates: The interest rate on car loans in this government bank starts from 8.90 percent. If you take a car loan of Rs 10 lakh for four years, then the EMI on it will be around Rs 24,700.
5. HDFC Bank
HDFC Bank interest rates: This private sector bank is offering car loans at an initial interest rate of 9.40 percent. If you take a car loan of Rs 10 lakh for 4 years, the EMI will be Rs 24,900 per month.
Follow our Whatsapp Channel for latest update