Best Bank for the Car Loan

If you here then you might be searching for the best bank for the car loan. No need to worry about that we are here to help you to out. Firstly, all you need to know about car loans- when speaking about car loans then its also the same ways as other types of loans. You can take a loan through an auto dealer, bank and any online loan application. these all institutions are ready to give you a loan to buy the car, and you need to pay back the amount you borrowed through monthly payments with interest rates. Now you can look at some of the best banks for car loan all across the world is discussed below:

CAR LOAN BANKS                         INTEREST RATES                           EMI 

HDFC BANK                                       8.50%- 11.25%                                 RS, 1,584-RS 1,725

ICICI BANK                                       8.82%-12.75%                                    RS,1,600-RS. 1,806

IDBI BANK                                       9.00%-9.10%                                       RS. 1,609- RS. 1,614

INDIAN BANK                                 9.00%                                                        RS. 1,609   

These all are the best car loan interest rates in India.

Now we are going to explain about the best bank for a car loan are as follows:

HDFC Bank Car Loan 

When speaking about HDFC then its one of the best banks for the car loan. If you are planning to buy a car and you don’t have too much budget to buy then don’t worry HDFC bank is there for you. You can take a loan through the HDFC bank. when speaking about this bank then they provide a wide range of cars and multi advantage vehicles up to RS. 3 Crores and tenure up to 84 months. And the most important thing is it has also an auto Pedia mobile app where you can apply directly from your home and if you want to know more about auto loan then you can research and read reviews also.

ICICI Bank Car Loan

When speaking about ICICI bank then it’s one of the best banks for the car loan. They offer car loans for a new car. If you want to apply for a car loan then some mandatory documents are required by the bank such as:

Salaried                                   Professionals, self-employed                           Non- professional

Identity, age, and Identity,     Address proof                                                             Address proof

Address proof                        

Salary slip and bank last            2-year ITR                                                                    last 2-year ITR        

Account statement                    Bank statement                                                             bank account statement.  

I hope we have included all the information about the best bank for the car loan. Stay tuned for more details.

Thanks for visiting.

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