If you are preparing to buy a car in the festive season, then these banks give the cheapest car loan, click to know!

PC: tv9hindi

The festive season has started in the country, Dussehra is on 24 October followed by Dhanteras and Diwali. During this period, people across the country enthusiastically buy cars, especially cars. However, for those who are facing financial constraints, taking a loan to buy a car becomes a viable option. If you are planning to buy a car this Dhanteras or Diwali, this is a great opportunity as many public sector banks are offering car loans at low-interest rates. Taking a car loan from the banks mentioned below can prove beneficial for you. First and foremost, these banks not only offer low-interest rates, but they also do not charge any processing fees. Let us know about some of these banks:

1. UCO Bank: UCO Bank is at the forefront by offering car loans at the lowest interest rates this festive season. If you choose to take a car loan from UCO Bank, you will be charged an annual interest rate ranging from 8.45% to 10.55%. The standout benefit is that UCO Bank does not charge any processing fees, which means significant savings for you.

pc: Bank of Baroda

2. State Bank of India (SBI): Given the relatively low car loan interest rates, getting a car loan from SBI can also be an attractive option. SBI is currently charging interest rates between 8.65% to 9.70% for car loans. Like UCO Bank, SBI does not charge any processing fee on car loans, which translates into further savings.

PC: Moneycontrol

3. Bank of Maharashtra: If you opt for a car loan from the Bank of Maharashtra, you will not have to pay any processing fee. This bank is currently charging interest rates ranging from 8.70% to 13% on car loans on an annual basis.

4. Bank of Baroda: Bank of Baroda offers car loans at interest rates ranging from 8.70% to 12.10%. Additionally, they charge a minimum processing fee of only Rs 500.