State Bank of India
- Effective interest rate is 8.20% onwards.
- Tenure is up to 84 months.
- Up to 90% of the on-road price may be financed.
- Loan is provided for professionals and agriculturists.
Which bank has least interest on car loan?
HDFC offers you the lowest car loan interest rate in India, with a 7.95% to 8.30% valuation. The exact rate will depend on your car valuations, CIBIL score, and employment status. If you are a salaried employee, you will get the maximum benefits compared to a self-employed individual.
Which bank offers best car loan rates?
For the most creditworthy borrowers, APRs start at 5.29% for new vehicles. Used vehicle loans start at 5.49% APR, while refinances start at 6.29% APR. 4 Customers of the bank who are Preferred Rewards members can get up to a 0.5% discount on their rate.