These banks offer lowest interest rate on car loans; check interest rate, loan policy and more details here
Once the holiday season approaches, it's probable that shoppers will see more alluring offers. The following ten banks have the lowest interest rates for new car loans.
Car loans
![Car loans Car loans](https://english.cdn.zeenews.com/sites/default/files/2022/09/16/1091082-untitled-design-2022-09-16t120659.510.jpg)
After two straight festive seasons disrupted by COVID-19, all eyes are on the forthcoming festive season, which begins with Navratri on September 26. Among other industries, the banking, automotive, and retail sectors anticipate record-breaking sales over the next two months.
Many banks continue to provide auto loans with interest rates under 8 percent even though consumer inflation in August (7 percent) was slightly higher than the RBI's tolerance band (2–6 percent), which could lead to another rate hike. Once the holiday season approaches, it's probable that shoppers will see more alluring offers. The following ten banks have the lowest interest rates for new car loans.
Central Bank of India
![Central Bank of India Central Bank of India](https://english.cdn.zeenews.com/sites/default/files/2022/09/16/1091079-untitled-design-2022-09-16t120208.099.jpg)
State Bank of India
![State Bank of India State Bank of India](https://english.cdn.zeenews.com/sites/default/files/2022/09/16/1091075-untitled-design-2022-09-16t115749.141.jpg)
HDFC Bank
![HDFC Bank HDFC Bank](https://english.cdn.zeenews.com/sites/default/files/2022/09/16/1091074-untitled-design-2022-09-16t115416.180.jpg)
Bank of Baroda
![Bank of Baroda Bank of Baroda](https://english.cdn.zeenews.com/sites/default/files/2022/09/16/1091070-untitled-design-2022-09-16t115049.037.jpg)
Karur Vysya Bank
![Karur Vysya Bank Karur Vysya Bank](https://english.cdn.zeenews.com/sites/default/files/2022/09/16/1091068-untitled-design-2022-09-16t114429.239.jpg)
ICICI Bank
![ICICI Bank ICICI Bank](https://english.cdn.zeenews.com/sites/default/files/2022/09/16/1091065-untitled-design-2022-09-16t114036.946.jpg)
Punjab National Bank
![Punjab National Bank Punjab National Bank](https://english.cdn.zeenews.com/sites/default/files/2022/09/16/1091063-untitled-design-2022-09-16t113718.376.jpg)
Bank of Maharshtra
![Bank of Maharshtra Bank of Maharshtra](https://english.cdn.zeenews.com/sites/default/files/2022/09/16/1091061-untitled-design-2022-09-16t113420.899.jpg)