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Interest rates likely to stay the same for now, but lenders may still adjust terms based on their considerations
The rating agency has assigned an "AAA/stable" rating to these PTCs, which have different maturity periods ranging between two and six years
A comprehensive list of new car loan rates and charges by 18 leading banks
Instalments customers pay for loans vary and depend on interest rates of banks
Besides negotiating a good deal on the car, buyers must secure a favourable loan offer
Instalments you pay on a loan will vary significantly depending on the interest rate
Offers of 18 companies put together to help you make an informed decision
The EMIs you pay on the loan will vary significantly depending on the interest rate
Processing fees and rules of top lenders listed to help you make a decision
Banks offer a range of interest rates, starting as low as 8.45 per cent from UCO Bank and going up to 14.85 per cent at City Union Bank.
Fleet sales, which comprise car sales to companies, organisations, and government entities that own a fleet of cars, have also seen a significant increase
Key details on financing explained in Paisabazaar table
Bank of Maharashtra offers a 0.25 per cent interest rate concession for existing housing loan borrowers and corporate salary account holders
100 per cent of the on-road price, flexible EMIs, no guarantor requirement and quick processing are some of the offers lenders have unveiled this Diwali to attract new car owners
Processing fees from India's top 18 lenders and other factors
Selling the old car independently, rather than going for an exchange offer, may fetch better value
Some banks are offering additional interest concessions of up to 0.25 per cent for existing housing loan borrowers and corporate salary account holders
XpressWay offers services like personal loans, business loans, car loans, home loans, loan on cards, credit card, savings accounts, service journeys and more
Here is an overview of the interest rates and processing fees charged by various banks for their car loans