Car Loan: It is everyone’s dream to buy their dream car. For this, people work hard and save money and when some amount is short, they take the help of loan to fulfill their dream, but before taking a car loan, it is better to compare the interest rates of all the banks, so that you can get a cheap car loan.

Zero processing fee on car loan in these banks

Car loan processing fee is charged by most of the banks. However, some banks are still offering car loans at zero processing fee under the offer. Car loans are being given by Indian Bank, SBI and Bank of Maharashtra at zero processing fee.

At the same time, 100 percent discount is being given on processing fee by Canara Bank, Central Bank of India, Bank of India and Union Bank of India.

Interest on car loan in big banks

Indian Bank- Starting from 8.60 percent

State Bank of India- Starting from 8.65 percent

Bank of Maharashtra- Starting from 8.70 percent

Central Bank of India- Starting from 8.70 percent

Canara Bank- Starting from 8.70 percent

UCO Bank- Starting from 8.70 percent

Bank of India- Starting from 8.75 percent

IDBI Bank- Starting from 8.75 percent

Bank of Baroda- Starting from 8.75 percent

CSB Bank- Starting from 8.75 percent

Punjab National Bank- Starting from 8.75 percent

Union Bank of India- Starting from 8.75 percent

HDFC Bank- Starting from 8.80 percent

Punjab & Sind Bank- Starting from 8.85 percent

Indian Overseas Bank- Starting from 8.85 percent

Please note, the interest rate of the loan depends on your credit score. If your credit score is above 750 then you are more likely to get a loan at a lower interest rate.

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