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Which Banks  Are Charging Lowest Rate of Interest on Car Loans / Auto Loans

 

by

Rajesh Goyal 

 

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COMPARISON OF CAR LOAN / AUTO LOAN INTEREST RATES BY INDIAN BANKS - 2017

(Check Lowest Rate of Interest charged  by Banks in India / Minimum Rate of Interest charged  by Indian Banks. Best car / Auto Loan Interest)

 

 

Which Banks Charges the Lowest Interest on Auto Loans / Car Loans in 2017 ?  Best Rate of Interest on Car Loans  in India ? Comparative Car Loan Interest Rates.  Latest Car Loan Interest by Banks in India

 

Different banks charge different interest rates for car / auto loans.   The rate of interest also vary based on (a) the quantum of the loan; (b) period for which loan is intended to be availed (c) income basis - e.g salary or business etc.  

 

Therefore, it is not possible to give a chart which can provide the details of the lowest rate of interest charged by banks for all categories. 

 

It is not possible to give the name of  one bank which charges the lowest rate of interest for all tenures and all levels of loan amount.     Moreover, these rates are frequently changed by banks and that too without informing media.  Sometimes the details are not even updated on the website or they are so confusing that it becomes impossible to decipher the details.    Therefore, we are giving below a broad idea as to the banks which are charging lowest rate of interest in a particular category.  Readers are advised to check the same by clicking on the link of relevant bank from where they intend to avail the loan and they check the websites of the following banks too to ensure that they get the best deals.    [The following rates have been updated in the Third Week of January 2017].

 

 

Name of Bank

Lowest Rate of Interest

Remarks

IDBI Bank 9.90% - 9.95%  

Bank of India

9.35%

 

State bank of Bikaner and Jaipur

9.70%

 

Bank of Baroda

9.90% - 11.65% (For cars) & 13.65% (for Two-Wheelers)

 

Central Bank of India 10.10 %  
Punjab and Sind Bank 9.00%  
Allahabad Bank 9.10%  
State Bank of India

9.20%  to 9.25%

 

 

 

 

Note:- The above rates are floating rates, and are linked to base rate. Thus, these rates are liable to be changed by bank even during the tenor of the loan.

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DIRECT  LINKS  FOR  CAR LOAN / AUTO LOANS FOR DIFFERENT BANKS

 

S.No. Name of the Bank
1 Allahabad Bank
2 Andhra Bank
3 Axis Bank
4 Bank of Baroda
5 Bank of India
6 Bank of Maharashtra
7 Canara Bank
8 Catholic Syrian Bank
9 Central Bank of India
10 Corporation Bank
12 City Union Bank
13 Dena Bank
14 Federal Bank
15 HDFC Bank
16 ICICI Bank
17 IDBI Bank
18 Indian Bank
19 Indian Overseas Bank
20 Indus Ind Bank
21 J&K Bank
22 Karnataka Bank
23 Karur Vysya Bank
24 Kotak Bank
25 Lakshmi Vilas Bank
26 Punjab National Bank
27

Punjab and Sind Bank

28 South Indian Bank
29 State Bank of Hyderabad
30 State Bank of Mysore
31 State bank of Bikaner and Jaipur
32 State Bank of India
33 State Bank of Patiala
34 State Bank of Travancore
35 Syndicate Bank
36 The Ratnakar Bank
37 UCO Bank
38 United Bank of India
39 Union Bank of India
40

Vijay Bank

 

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