With several loan products available in the market, buying a car has become easy. Before taking a car loan, it makes sense to compare the interest rates to bag the best deal.
Take a look at interest rate offered by different banks and how much EMI you will have to pay in case you take a loan of Rs 1 lakh for a tenure of 5 years.
|Lender’s Name||Floating Rate (%)||EMI (In Rs)|
|Axis Bank||9.25-11.5||2088 – 2199|
|Bank of India||9.35||2093|
|Bank of Maharashtra||9.25- 10||2088- 2125|
|Corporation Bank||9.5- 10||2100- 2125|
|Dena Bank||9.15-9.25||2083- 2088|
|HDFC Bank||9.0- 10.25||2076-2137|
|ICICI Bank||9.3-12.85||2090- 2268|
|Punjab National Bank||9.05- 9.5||2078- 2100|
|State Bank of India||9.2- 9.7||2086 – 2110|
|United Bank of India||9.05- 9.1||2078- 2081|
|The EMI range is indicative and calculated on the basis of interest rate range as provided in the table. In actual situation it may include other fees and charges as per bank’s terms and condition. Actual applicable interest rate may vary based on the credit profile, loan amount, tenure and as per bank’s discretion|
|Data taken from respective bank’s website as on 9 Aug 2018|