Quick Answer: Which Bank Is Good For Car Finance?

Quick Answer: Which Bank Is Good For Car Finance?

Car Loan Interest Rate Comparison for All Banks, Lowest EMI, Best Rates in India

BankCar Loan Interest RatesMaximum Loan Amount
Central Bank of India9.00% Floating90% of on-road price
Andhra Bank9.40% Fixed85% of on-road price
IDBI Bank9.30% Fixed90% of ex-showroom price
Federal Bank9.15% Fixed90% of ex-showroom price

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Which bank is better for car loan?

Best Car loan Interest Rates India March 2019

Car loan BanksInterest RatesEMI per Rs 1 lakh for 7 Years
HDFC Bank8.50% – 11.25%Rs. 1,584 – Rs. 1,725
ICICI Bank8.82% – 12.75%Rs. 1,600 – Rs. 1,806
IDBI Bank9.00% – 9.10%Rs. 1,609 – Rs. 1,614
Indian Bank9.00%Rs. 1,609

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What is a good rate for an auto loan?

The national average for US auto loan interest rates is 4.21% on 60 month loans. For individual consumers, however, rates vary based on credit score, term length of the loan, age of the car being financed, and other factors relevant to a lender’s risk in offering a loan.

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