Akshaya Tritiya Cheapest Car Loan:Akshaya Tritiya is falling this week. On this day, it is considered auspicious to start a business or industry, do auspicious work like marriage, house warming etc. Like Dhanteras, there is a tradition of buying gold on the occasion of Akshaya Tritiya festival. It is believed that buying gold or jewelery made of gold and bringing it home on this day brings happiness in the house. Apart from sleeping, this day also brings an auspicious opportunity to buy a car.
Akshaya Tritiya will be celebrated this week on 10th May. If you are thinking of buying a car cheaply on the occasion of this festival, then this is a better option for you. Many banks are offering cheap car loans on the occasion of Akshaya Tritiya festival. According to the data of bankbazaar.com, top 10 banks of the country are offering loans up to Rs 10 lakh for buying a new car. The interest rate on this car loan with tenure up to 5 years is 8.7 to 9.4 percent. Let us know which banks are offering cheap car loans and how much interest has to be paid on these loans.
HDFC bank
HDFC Bank is charging interest at the rate of 9.40 percent on car loans up to Rs 10 lakh with a tenure of 4 years. In this deal offered by the largest private sector bank in the country, the monthly installment is Rs 24,881.
Axis Bank
Axis Bank, another private sector bank, is charging interest at the rate of Rs 9.30 on car loans up to Rs 10 lakh with a tenure of 4 years. In this, monthly installment of Rs 24,835 is being made.
ICICI Bank
ICICI Bank, the second largest private sector bank, is charging interest at the rate of 9.10 percent on car loans up to Rs 10 lakh with a tenure of 4 years. In this the monthly installment will be Rs 24,745.
Bank of Baroda
Bank of Baroda is charging interest rate of 8.90 percent on car loan of Rs 10 lakh with tenure of 4 years. In this loan deal with the bank, the monthly installment is Rs 24,655.
Bank of India
Bank of India is offering this type of car loan with interest rate of 8.85. In this loan deal with the bank, customers will have to deposit monthly installment of Rs 24,632.
State Bank of India and others
Similarly, the country’s largest government bank SBE is charging interest at the rate of 8.75 percent on car loans up to Rs 10 lakh with a tenure of four years. Apart from this, Punjab National Bank, Canara Bank and Indian Bank are also offering similar car loan schemes. In car loan deal with these banks, the monthly installment will be Rs 24587.
Union Bank of India
Union Bank of India is giving loan up to Rs 10 lakh to buy a new car. The bank is charging interest at the rate of 8.7 percent on this loan. The tenure of this car loan is 4 years, that is, the borrower will have to repay the loan amount along with interest during this period without any penalty. If a person wants to pay the money in the form of installment, then he will have to make a repayment of Rs 24,565 every month for 4 years, that is, the monthly installment for this car loan of Union Bank of India is Rs 24,565.
,Note: Bankbazaar.com has collected data from the official websites of all the above banks till April 23. Before finalizing the loan deal, be sure to check the updates on the official websites of these banks or get the information from your nearest bank branch.)
