Due to Covid-19: These Banks Offering Cheapest Car Loan; Click to Check

The demand for four-wheelers in the wake of Covid 19 crisis when people prefer personal mobility solutions in comparison to public transport has already seen a comeback and to boost it further banks and lenders have been going extra-mile this festive season by offering reduced interest rates as well as waiver on processing charges.

And if you too are lured to purchase a car for self and family needs this festive season, here are some of the lenders that offer the cheapest car loan rate provided you have a good credit history and satisfy other conditions to be eligible for the same:

10 Top Public Sector Banks Offering Cheapest Car Loan

The rates are fetched from individual banks’ website as on November 7, 2020 and for purchase of new-car and for a maximum tenure of 7 years.

Further these rates are based on the credit score of the borrower, risk rating of the applicant and for some applicants such as women and other armed forces there is provided a rebate in interest rate.