Cheapest Car Loan: Currently, the month of November has reached its final stage. The new month will begin in the next six days. Meanwhile, if you are preparing to buy a new vehicle in the month of December or in the new year, if you are preparing to buy a special new car, then today’s news is going to be special for you.

In fact, many people buy new cars in the new year. Now if you also want to buy a new car in the new year, today we have brought a job information for you.

Today we are going to tell you about top seven banks that are providing carloan to customers at low interest rates. So if you want to buy a car on EMI, you should definitely read this news till the end.

In fact, many banks and non-banking financial companies in the country are trying to provide car loans to their customers at the lowest interest rates.

But if you want to take a loan to buy a new car, you should consider banks that offer loans with the lowest interest rates and the lowest fees.

These banks offer car loans at lowest interest rates

State Bank of India : SBI is known as the largest state-owned bank in the country. This bank is providing car loan to its customers at a rate of 8.75%. Also, for car loans, this bank charges its customers from Rs.750 to Rs.1500.

IDBI Bank : It is also known as one of the leading public sector banks in the country. This bank is providing car loan to its customers at an interest rate of 7.95%. This bank charges Rs 2500 as processing fee from its customers.

UCO Bank: This bank is also a leading public sector bank and offers car loans to its customers at an interest rate of 7.60% to 10.25%. Specially, customers buying cars and electric vehicles do not have to pay any processing fee.

Union Bank of India, Punjab National Bank : Both these banks offer car loans to their customers at an interest rate of 7.60% to 7.80%.

Canara Bank : This bank is providing car loan to its customers at an interest rate of 7.70%. Also, till December 31, 2025, the car loan takers from this bank will not have to pay the processing fee.