Car Loans Under ₹10 Lakh – Best Banks with Affordable EMIs

Looking to buy a new car within a ₹10 lakh budget? Here’s a list of banks offering car loans with low interest rates and affordable EMIs for a 5-year tenure.

Top Public Sector Banks:

PNB (Punjab National Bank): 7.85% interest, EMI ₹20,205

Union Bank: 7.90%, EMI ₹20,229

IDBI Bank: 7.95%, EMI ₹20,252 Bank of Baroda: 8.15%, EMI ₹20,348

Canara Bank: 8.20%, EMI ₹20,372

SBI (State Bank of India): 8.75%, EMI ₹20,638

Private Banks:

Axis Bank: 8.80%, EMI ₹20,661

HDFC Bank: 9.40%, EMI ₹20,953

IDFC First Bank: 9.99%, EMI ₹21,242

Summary: Punjab National Bank currently offers the lowest interest rates and convenient EMIs. Check this list and choose the bank that fits your budget and financial plan before buying your dream car.