PSU Bank Lowest Car Loan Interest: Looking to purchase a new car? Know what will be EMI of Rs 7 lakh car
Here's a list of the banks that can help make your dream come true:
Are you dreaming of purchasing a new car but worried about the financial burden? Several PSU banks in India offer auto car loans with interest rates as low as 8.70 per cent.
Auto Car Loans in India: Lowest Interest Rates
Here's the comparison of interest rates and EMIs of these PSU banks:
Union Bank of India Car Loan | Interest rate, EMI
A PSU bank, Union Bank of India's interest rate of Rs 7 lakh for a tenure of 5 years is 8.70 per cent. It means this bank can finance the car on an estimated Rs 14,429 EMI/month.
Bank of Maharashtra Car Loan | Interest rate, EMI
The interest rate on a car loan from the Bank of Maharashtra is 8.70 per cent for 5 years.
Canara Bank Car Loan | Interest rate, EMI
Canara Bank, a PSU bank also gives car loans at an interest rate of 8.70 per cent for a tenure of five years.
PNB Car Loan | Interest rate, EMI
Another major PSU bank, Punjab National Bank (PNB)'s interest rate on car loans is 8.75 per cent, which means your per month stands at Rs 14,446.
Bank of Baroda Car Loan | Interest rate, EMI
Bank of Baroda is giving the car loan with an interest rate of 8.95 per cent. At that interest you monthly EMI will be Rs 14,514.