Get fixed car loan interest rates in India starting @10.75%. Car finance made simple with ICICI Bank. Visit us now!
Is 7% interest on a car loan High?
“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 Icici car loan good?
ICICI Bank Car Loans come with one of the best interest rates on the market while giving you a comfortable repayment tenure of up to 7 years. What's more? You can even get up to 100% of the ex-showroom price of the car as your loan amount.
Is 12% interest high for a car loan?
Interest of 12% is really high, but since you've already bought the car, you can make your payments on time for six to 12 months and then refinance at a lower rate.
What is Icici car loan interest rate?
What are the interest rates available for ICICI car loan? For new car loans, ICICI Bank offers interest rates ranging between 10.75% and 12.75%. The interest rate offered for new car loans is around 15.50%.