Best New Car Loan Interest Rates Comparison 2022: Offered by Top Lenders

When you are in the market for a “Best New Car Loan Interest Rates Comparison 2022”, one of the most important decisions you will make is what lender to go with. You want to ensure you get the best interest rate possible, as this can save you thousands of dollars over the life of your loan. In this blog post, we will compare 5 lenders and their auto loan rates for the year 2022!

The 5 lenders with the best auto loan rates in 2022 are:

Union Bank of India – 5.99% p.a., up to 90% financing, processing fee of Rs 50000 or 0.50%. Minimum annual income requirement is Rs 400000 (salaried). Min age must be 21 years old and max age must be 65 years old at the time of loan maturity.

Magma Fincorp – 5.99% p.a., up to 90% financing, processing fee of Rs 50000 or 0.50%. Minimum annual income requirement is Rs 400000 (salaried). Min age must be 21 years old and max age must be 65 years old at the time of loan maturity.

Which Company Gives Best Car Loan?

HDFC Bank – 5.99% p.a., up to 90% financing, processing fee of Rs 50000 or 0.50%. Minimum annual income requirement is Rs 400000 (salaried). Min age must be 21 years old and max age must be 60 years old at the time of loan maturity.

ICICI Bank – 5.99% p.a., up to 90% financing, processing fee of Rs 50000 or 0.50%. Minimum annual income requirement is Rs 400000 (salaried). Min age must be 21 years old and max age must be 65 years old at the time of loan maturity.

Lowest Car Loan Interest Rate 2022 in India

Axis Bank – 5.99% p.a., up to 90% financing, processing fee of Rs 50000 or 0.50%. Minimum annual income requirement is Rs 400000 (salaried). Min age must be 21 years old and max age must be 65 years old at the time of loan maturity.

The interest rates mentioned above are subject to change. Please do your own research and consult with a financial advisor before deciding on a lender. Do not forget to factor in other costs, such as processing fees, when making your decision. Thanks for reading!

Union Bank of India 5.99% p.a., up to 90% financing, processing fee of Rs 50000 or 0.50%. Minimum annual income requirement is Rs 400000 (salaried). Min age must be 21 years old and max age must be 65 years old at the time of loan maturity.

Magma Fincorp 5.99% p.a., up to 90% financing, processing fee of Rs 50000 or 0.50%. Minimum annual income requirement is Rs 400000 (salaried). Min age must be 21 years old and max age must be 65 years old at the time of loan maturity.

HDFC Bank 5.99% p.a., up to 90% financing, processing fee of Rs 50000 or 0.50%. Minimum annual income requirement is Rs 400000 (salaried). Min age must be 21 years old and max age must be 60 years old at the time of “Best car loan interest rate” maturity.

ICICI Bank 5.99% p.a., up to 90% financing, processing fee of Rs 50000 or 0.50%. Minimum annual income requirement is Rs 400000 (salaried). Min age must be 21 years old and max age must be 65 years old at the time of loan maturity.

Axis Bank 5.99% p.a., up to 90% financing, processing fee of Rs 50000 or 0.50%. Minimum annual income requirement is Rs 400000 (salaried). Min age must be 21 years old and max age must be 65 years old at the time of loan maturity.

The interest rates mentioned above are subject to change. Please do your own research and consult with a financial advisor before deciding on a lender. Do not forget to factor in other costs, such as processing fees, when making your decision. Thanks for reading!

 

FAQ

Which bank has least interest on car loan?

Bank Name Interest Rate Loan Amount
Kotak Bank 6.50% – 20.00% 90% of ex-showroom price
OBC 6.65% – 7.50% 85% of on-road price
PNB 6.65% – 7.50% 85% of on-road price
Bank of Maharashtra 6.80% – 10.30% 90% of on-road price

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