What interest rates are banks offering on car loans this festive season?
Among public sector banks, car loan interest rates on ₹5-lakh amount for a five-year tenure start at 7.85-11.55% at Bank of Baroda, 8.45-9.5% at State Bank of India and 7.85-10.95% at Punjab National Bank this festive season. Among private lenders, HDFC Bank offers rates starting at 8.25%, while ICICI Bank's rates begin at 8.4%. IDBI Bank's rates start at 7.75%.