State-owned lenders are lead year-end financing deals by slashing interest costs to attract customers
Public sector banks are offering the most competitive entry-level interest rates on five-year car loans
Public sector lenders offer lowest rates but buyers must compare processing fees and EMI structures to determine the true overall borrowing cost
Customers should compare the total cost of borrowing, not just the headline rate
Besides loan rates, borrowers must consider other expenses a financial institution may charge them
Borrowers face a 7.60% to 14.25% rate spread, with public banks leading the low-cost options
Credit history, income, tenure of employment are among factors that influence the rate you'll be quoted
Public banks lead with car loan rates from 7.6%, while private lenders charge higher with limited fee waivers and concessions
Banks offer women exclusive car loan perks: lower rates, higher funding
Check latest car loan rates here across the sector. EMIs starting around Rs 10,000 for a Rs 5 lakh, 5-year loan.
Public sector banks are wooing car buyers this festive season with loans starting below 8 per cent and limited-period processing fee waivers, aiming to boost vehicle sales ahead of Diwali
Several public sector lenders extend zero or concessional processing fees till December 2025 to attract car buyers this festive season
Some lenders have waived processing fees to win customers amid rising demand for new vehicles
State-owned banks' offers start at 7.6%, while private lenders mostly price loans near or above 9%
The step will improve savings but impact on credit scores depends on the loan and the lender's rules
Several lenders are waiving processing fees to woo customers in festival season
The recent GST rate cut on cars can save you up to ₹1.5 lakh, but timing and paperwork matter, says expert
Lenders are waiving processing fees and concessions to woo customers
Lower taxes and competitive loan rates mean people planning to buy cars can save money in September