New Delhi. Everyone dreams of having a car at home. But many people are not able to buy a car because they lack budget. In such a situation, you can fulfill your dream of buying a car by taking a loan. While buying a car on loan, you have to make a down payment of some money, you can take a loan for the remaining amount.
If you are planning to buy a car and want to take a loan of Rs 10,00,000, then here we will tell you about the car loan interest of the country’s largest government bank SBI.
How much is the interest on car loan in SBI?
At present, SBI is offering interest ranging from 9.20 percent to 10.15 percent on car loan. Under green loan, loans are being given on electric cars at interest rates ranging from 9.10 percent to 9.80 percent. If your credit score is good then you can get loan at low interest rate.
How much will be the EMI on a car worth Rs 10 lakh?
If you take a car loan of Rs 10 lakh from SBI for 5 years at an interest rate of 9.15%, then the EMI will be Rs 20,831. In this loan, you will pay a total of Rs 2,49,874 as interest in 5 years.
FIRST PUBLISHED : December 10, 2024, 7:44 PM IST
