Gift: Government banks have reduced the interest rate, know which bank is giving the cheapest auto loan
- If you are planning to buy a car and need an auto loan, then this news can be very useful for you. We are going to tell you in which bank you will get an auto loan at the lowest interest rate.
- Banks have reduced the interest rate of auto loans, giving a big relief to vehicle buyers in the festive season. Automobile companies have suffered losses during the Corona period. During this time, the tendency of people to save money has increased. Companies are looking for opportunities in the market. Under this, various banks have now cut many interest rates to encourage customers to buy cars.
What are the benefits of an auto loan?
If you also want to buy a car, then the auto loan can prove to be beneficial for you. Through this, you can buy a brand new car as well as a second-hand car. Its approval is also fast. Also, under this, customers get the facility to fix fixed and floating rate interest. Its most important thing is that it does not require collateral because the vehicle itself is security. Customers can choose the mode of payment at their convenience.
Keep this in mind
that if you are going to take an auto loan, then, first of all, you must also find out the interest rates of auto loans of other banks because it may happen that you can get a cheaper auto loan from another bank.
Let us know the interest rate of various banks.
At present, Punjab and Sind Bank is providing auto loans at the cheapest rate. Punjab and Sind Bank is giving auto loans to customers at 6.80 to 7.90 percent. If you take an auto loan of Rs 1 lakh for five years, then the EMI of the customers will be Rs 1971 to 2023. If you are thinking about taking an auto loan or you are planning to take an auto loan in the future, then let us know in which bank you will get the lowest interest rate auto loan.