Overhaulin'

Which bank has lowest interest rates for Car Loan in INDIA?

Hi friends, Which nationalised bank in India has lowest intrest rates for car loan. It wd b appreciated if any of you can provide me a comparision list I need the the answers badly Please post your suggestions ASAP Thanks

Public Comments

1. Getting a new car loan is not easy though it can be the easiest way to attain your dream car. There are many players in the car finance industry and for the consumer choosing the best type of loan is a difficult task. Many factors have to be considered before taking up a car loan. Whether you want to take up a loan or not, will depend upon the car you want to buy. http://best-loans.awardspace.com/guaranteed-car-loan.htm Since the rates of interest on different cars vary so the type of loan that you need will depend on the car you want.The total cost of the new car loan does not include only the interest payable but also extra charges such as processing, transaction fees, documentation fees or any other fees. So one has to confirm with the financer as to the other charges that accompanies an auto loan.
2. IOB is 13.25. They provide loan with diminish value. That means they don't put interest on FlatRate. don't go for HDFC. It is 13.75. I would suggest you to refer IOB. They may be good. I found one nice resource for the interest rates. Please refer here: http://www.apnaloan.com/car-loan-india/rates.html