In olden days buying a car is luxury, but now-a-days it is a “need”. People are preferring to purchase a car in their day-to-day life activities.
As many people are earning 3-5 digit salary figures in their early careers, they are not stepping-back to take loan to fulfill their dream car. As people’s attitude changes, many financial institutions and banks are offering car loans with attractive deals.
If you are one of them aspiring to take car loan to fulfill your dream, here’s a list of the banks offering car loans at attractive interest rates. compare them and take decision.
|Bank Name||Applicable Interest Rate|
|State Bank of India||7.00%|
|Union Bank of India||7.25%|
|Bank of Baroda||7.00%|
|Bank of India||6.85%|
|Indian Overseas Bank||7.55%|
|Karur Vysya Bank||7.80%|
|Punjab and Sind Bank||6.80%|
|Punjab National Bank||6.65%|
|Central Bank of India||7.25%|
Please note that the above interest rates are indicative and it may vary depend on the income size and CIBIL Score. So consult your preferred bank branch and conclude the exact interest rate depending on the banks terms and conditions.
Do remember that banks will check your credit history and they will have the right to grant or reject car loan as per the banks discretion.
Consult your bank with necessary proofs and if you are eligible, you will be definitely granted car loan