- By Aditya Pratap Singh
- Tue, 07 May 2024 02:09 PM (IST)
- Source:JND
Akshay Tritia 2024: The festival of Akshaya Tritiya will be celebrated on Friday i.e. May 10. As is considered auspicious to buy gold, jewelry, a home, and a car Many people may be thinking of buying a car on the occasion. The automobile industry is prepared to attract new customers on Akshay Tritiya 2024.
To attract customers, banks are providing cheap loans, in addition, they are offering discounts on processing fees as well. Union Bank of India, and ICICI Bank, State Bank of India, offer low-interest car loans. Below is the list of banks that are offering car loans up to 10 lakh rupees for four years at interest rates ranging from 8.70% to 9.10%.
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Union Bank of India
Public sector bank 'Union Bank of India' is charging an interest rate of 8.70% on new car loans of up to 10 lakh rupees for four years. The EMI will be 24,565 rupees. while the Bank of India charges 8.85% interest on such car loans, whose EMI is 24,632 rupees.
State Bank of India - India's largest public sector bank, State Bank of India, is charging an interest rate of 8.75% on car loans. Punjab National Bank, Canara Bank, and Indian Bank are also offering car loans at an interest rate of 8.75% for four years. The EMI in this case will be 24,587 rupees.
Bank of Baroda- Bank of Baroda charges an interest rate of 8.90% on a new car loan of up to 10 lakh rupees for a tenure of four years. The EMI in this case will be 24,655 rupees.
HDFC Bank- HDFC Bank is offering car loans at an interest rate of 9.40% for four years. The EMI on a car loan of 10 lakh rupees will be 24,881 rupees. This interest rate was in effect at the banks on April 23rd. This car loan has been given under a loan of 10 lakh rupees for 4 years.
ICICI Bank- Private bank ICICI Bank charges an interest rate of 9.10% on a new car loan of up to 10 lakh rupees for a tenure of four years. The EMI will be 24,745 rupees.
Axis Bank- Axis Bank is offering a car loan of 10 lakh rupees at an interest rate of 9.30% for four years. The EMI in this case will be 24,835 rupees.