Car Loan Interest Rate: Check SBI vs HDFC vs ICICI vs PNB EMI calculator, comparison, processing fee, other details
Car Loan Interest Rate, EMI Calculator: In modern days, owning a four-wheeler has become a necessity. One feels the need for a vehicle, especially at a time of crisis like a medical emergency. Also, buying a car often remains on the checklist of many people. So, if you are planning to buy a car or want to upgrade to another car or want one more for your family, a car loan comes in handy as you are saved from shelling out too much money at once and get a reasonable period to pay back the loan.
Car Loan Interest Rate EMI Calculator SBI
![Car Loan Interest Rate EMI Calculator SBI Car Loan Interest Rate EMI Calculator SBI](https://english.cdn.zeenews.com/sites/default/files/2022/12/06/1126250-cars-new.jpg)
So, if you are planning to buy a vehicle, you must compare the car loan interest rate offered by different banks including SBI and HDFC. The State Bank of India, SBI, offers a car loan at an interest of 8.2% to 9.2%. This translates into an EMI of Rs 2,037 to Rs 2,086 per lakh. The bank does not charge any processing fee for the loan. The loan tenure is five years. (Pixabay image)
Car Loan Interest Rate EMI Calculator Central Bank
![Car Loan Interest Rate EMI Calculator Central Bank Car Loan Interest Rate EMI Calculator Central Bank](https://english.cdn.zeenews.com/sites/default/files/2022/12/06/1126260-cars-side.jpg)
Car Loan Interest Rate EMI Calculator PNB
![Car Loan Interest Rate EMI Calculator PNB Car Loan Interest Rate EMI Calculator PNB](https://english.cdn.zeenews.com/sites/default/files/2022/12/06/1126257-pnb-file.jpg)
Car Loan Interest Rate EMI Calculator ICICI Bank
![Car Loan Interest Rate EMI Calculator ICICI Bank Car Loan Interest Rate EMI Calculator ICICI Bank](https://english.cdn.zeenews.com/sites/default/files/2022/12/06/1126256-icici-bank-file.jpg)
ICICI Bank provides car loans at the interest rate of 8.3% to 9.1% depending on the tenure of the loan. This translates into an EMI of Rs 2,042 to Rs 2,081 per lakh. The bank charges a processing fee of Rs 999 to Rs 9000 depending upon the model of the car and the loan amount. The loan tenure is five years.
Car Loan Interest Rate EMI Calculator HDFC Bank
![Car Loan Interest Rate EMI Calculator HDFC Bank Car Loan Interest Rate EMI Calculator HDFC Bank](https://english.cdn.zeenews.com/sites/default/files/2022/12/06/1126255-cars-dashboard.jpg)
Car Loan Interest Rate 2022 Comparison, EMI Calculator
![Car Loan Interest Rate 2022 Comparison, EMI Calculator Car Loan Interest Rate 2022 Comparison, EMI Calculator](https://english.cdn.zeenews.com/sites/default/files/2022/12/06/1126259-cars-front.jpg)
Many people prefer to take a loan for buying cars. Be it public sector lender or private sector banks, all offer car loan. The car loan interest rates by different banks ranges between 6.5% (Kotak Mahindra) and goes up to 18%. The EMIs per lakh for a tenure of five years ranges between Rs 1,957 and Rs 2,539.