Car Loan - Compare Deals from Top Banks in India starting @ Interest Rates as low as 8.20%. Check Eligibility and Apply for a Car Loan online on Bankbazaar.Interest · EMI Calculator · Bank of India Used Car Loan · Bank of Baroda Car LoanInterest Rate (Monthly reducing balance): 8.20% onwards
Loan Tenure: 1 year to 8 years
Processing Fees: Depends on the bank
Pre-closure Charges: Varies with bank
Loan Tenure: 1 year to 8 years
Processing Fees: Depends on the bank
Pre-closure Charges: Varies with bank
Which bank offers best car loan rates?
Union Bank of India
Which bank gives car loan at the lowest interest rate?
“Depending on the loan term, 7% APR on a used car loan isn't all that bad. Because a car that's over 10 years old is considered high-risk, you're unlikely to find a much lower rate. Even so, you should shop around to ensure you're still getting the. If the current offer is the best one, try to avoid a long-term loan.
Is 7% interest on a car loan High?
An interest rate of 5% is pretty good for a car loan! Generally, to qualify for that rate, you must have good credit, meaning a score in the range of 700-749. So bravo! However, if you were to wait to buy a car and work on improving your credit score, you may be able to get an even better deal.