Car Loans

State-owned Bank of Baroda (BoB) on Monday announced a 30-basis-point reduction in its car loan interest rates, effective immediately. The bank's floating rate now starts from 7.6 per cent per annum, BoB said in a statement. The bank also offers an attractive fixed rate of interest on Baroda car loans, starting at 8.5 per cent per annum. The new rate beginning at 7.6 per cent is available on the purchase of a new car and is linked to a borrower's credit profile, it said. In addition to a reduced rate of interest, the bank is also offering borrowers zero prepayment/part-payment charges on floating rate car loans for individual borrowers, it said. Further, the interest on Baroda Car Loans - both fixed and floating loans - is calculated on the daily reducing balance method, making it even more affordable for borrowers, it said. Customers can also benefit from an extended repayment tenure of up to 84 months, providing enhanced financial flexibility, it added.

Check EMIs, interest rates and processing fees across top banks

Car loan rates range 7.6% to 14.25% in August, with lowest EMIs near Rs 10,000 and some banks offering zero processing fees

Car Loan rate in August: EMIs ease for new car buyers this month as some banks cut rates to 7.6% and waive fees; festive offers and concessions could save you thousands on upfront costs.

Buying a new car is an exciting moment, but be careful of charges that banks may impose, and make sure to pick the best car loan available in the market

Bank of Maharashtra cuts retail loan rates by up to 50 bps; Bank of Baroda trims MCLR on select tenors with effect from 12 June as banks align with RBI move

The information is on monthly installments, processing fees and rebates

Processing fees and rules of top lenders listed to help you make a decision

Borrowers with multiple loans-such as credit card, personal, and home loan-can pool them into one large loan with a lower interest rate

Processing fees and rules of top lenders listed to help you make a decision

Processing fees and rules of top lenders listed to help you make a decision

Processing fees and rules of top lenders listed to help you make a decision

Processing fees and rules of top lenders listed to help you make a decision

Processing fees and rules of top lenders listed to help you make a decision

Offers of 18 companies put together to help you make an informed decision

Processing fees and rules of top lenders listed to help you make a decision

The Mumbai-based public sector lender also offers a fixed rate of interest option on Baroda Car Loans, starting at 8.85 per cent per annum

If you are researching for a vehicle loan, here is one table you should consider

100 per cent of the on-road price, flexible EMIs, no guarantor requirement and quick processing are some of the offers lenders have unveiled this Diwali to attract new car owners

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