Car Loan Offers 2025: Planning to buy a new car in the festive season? At present, many banks are offering attractive car loans. Many big banks are offering low interest rates, easy EMI and processing fees on loans up to Rs 5 lakh.
Top 10 Banks low car loan interest: As soon as the festive season starts, the mood for shopping of people increases. Especially people who plan to buy a new car prefer to bring the car home at the time of Dussehra-Diwali. If you are also going to buy a new car this time and are looking for low interest, easy EMI loans, then this article is for you. In this, know 10 such banks, which are offering the cheapest car loans, so that you can easily buy your dream car in the festive season. These offers include low interest rates, processing fees exemption and long loan period feature.
The cheapest car loan top-10 banks
UCO Bank
Loan Amount- 5 lakhs
Loan Tenure- 5 years
Interest Rate- Starting at 7.60%
EMI- 10,043-10,685 rupees
Processing fees- 0.50% (Rs 5,000)
Important thing- One of the lowest interest rate public sector bank.
Canara Bank
Loan Amount- 5 lakhs
Loan Tenure- 5 years
Interest Rate- 7.70%-11.70%
EMI- 10,067-11,047 rupees
Processing fees- 0.25% (Rs 1,000-5,000), 100% discount in retail loan festival
Important thing- Rebate on processing fees under festival special offer.
Union bank of india
Loan Amount- 5 lakhs
Loan Tenure- 5 years
Interest Rate- 7.80%-9.70%
EMI- 10,090-10,550 rupees
Processing fees- Rupees up to 1,000
Punjab National Bank (PNB)
Loan Amount- 5 lakhs
Loan Tenure- 5 years
Interest Rate- 7.85%-9.70%
EMI- 10,102-10,550 rupees
Processing fees- 0.25% (Rs 1,000-1,500)
Bank of India (BOI)
Loan Amount- 5 lakhs
Loan Tenure- 5 years
Interest Rate- 7.85%-12.15%
EMI- 10,102-11,160 rupees
Processing fees- 0.25% (Rs 2,500-10,000)
Bank of Maharashtra (BOM)
Loan Amount- 5 lakhs
Loan Tenure- 5 years
Interest Rate- 7.70%-12.00%
EMI- 10,067-11,122 rupees
Processing fees- Up to 0.25% (Rs 15,000 maximum)
Indian Overseas Bank (IOB)
Loan Amount- 5 lakhs
Loan Tenure- 5 years
Interest Rate- 7.80%-12.00%
EMI- 10,090-11,122 rupees
Processing fees- 0.50% (Rs 500-5,000)
Punjab & Sindh Bank
Loan Amount- 5 lakhs
Loan Tenure- 5 years
Interest Rate- 7.75%-14.25%
EMI- 10,078-11,699 rupees
Processing fees- 0.25% (Rs 1,000-15,000)
Indian bank
Loan Amount- 5 lakhs
Loan Tenure- 5 years
Interest Rate- 7.75%-9.85%
EMI- 10,078-10,587 rupees
Processing fees- 1,000 rupees
Central bank of india
Loan Amount- 5 lakhs
Loan Tenure- 5 years
Interest Rate- 7.85%-9.45%
EMI- 10,102-10,489 rupees
Processing fees- 0.50% (Rs 2,000-20,000)
Disclaimer: This article is only for general information. Car loan interest rates, EMI, processing fees and offers can change according to time, bank policy and your credit score. Always contact the official website or nearest branch of the concerned bank for final and accurate information.
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Also read- EMI offer or cheating? Know the truth before shopping of Dussehra-Diwali