Bank Car Loan: These banks offering car loans with very low interest rate
Especially the sale of vehicles will increase during Dussehra and Diwali. If you too are planning to buy a vehicle during this festive season, Many government banks offer car loans at low interest rates.
Bank Car Loan: Not all banks offer car loans at the same rate. Some banks charge higher amount as interest and Some banks charge less to customers. After the end of the Corona epidemic, festivals are going on everywhere in the country. What else is Dussehra festival on October 24. During this time people do a lot of shopping across the country. Especially the sale of vehicles will increase during Dussehra and Diwali.
Some take a loan and buy a car due to lack of money. If you too are planning to buy a vehicle during this festive season, now is your chance. Many government banks offer car loans at low interest rates. In such a situation, if you take a loan from the banks mentioned below and buy a car, you will benefit a lot.
First, there is relief from the burden of interest. Secondly EMI can also be paid in less amount. That is why here is the information about banks that offer car loans at affordable rates. Not all banks offer car loans at the same rate. Some banks charge higher amount as interest from customers and some banks charge less.
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It depends on which bank you want to take car loan from. Banks with lowest interest rates in the country also not charge processing fees from their customers. UCO Bank comes first among these banks. This bank is offering car loans at low rates this festive season. APR if you take a car loan from UCVO Bank you will pay an interest rate 8.45 to 10.55%.
Specially UCVO Bank will not charge you any processing fee. That means can save hundreds of rupees. Here too zero processing fee similarly availing car loan from State Bank of India is also beneficial. Because its car loan interest rates are also very low. SBI is charging interest on car loans from 8.65 percent to 9.70 percent. Like UCVO Bank, SBI also does not charge processing fees on car loans.
Also Read: Mahindra Announced Great Offer On New Cars: Discount Up To Rs 1.25 Lakh
Bank of Maharashtra Car loan processing fee is Rs 500. However, Bank of Maharashtra currently charges 8.70 percent to 13 percent interest on car loans on an annual basis. Meanwhile, Bank of Baroda is offering interest rates ranging from 8.70 per cent to 12.10 per cent on car loans. Also, the processing fee on car loan is Rs. 500 only.
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