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.