What is the car loan cost and interest rate?
You will be very tempted to buy a new car, whether it is a first car, an upgrade car or any other car for the family.
Whatever the reason, buying a car becomes easier with a car loan
Lender gives car loan for 3 to 5 years but some lenders also offer car loan for 7 years
You can get a car loan of up to 80- 90% of the value of the car to buy a car
Note that, you can get a loan up to 80-90% of the ex-showroom price only.
According to the official website, on taking a car loan from SBI, you will have to pay interest between 7.45% to 8.15%
If you are buying electric car then you have to pay interest from 7.25% to 7.60%