What is the EMI for 10 lakhs car loan?
What is a car loan EMI calculator?
| Loan amount | Loan tenure | EMI |
|---|---|---|
| Rs.5 lakh | 5 years | Rs.10,477 |
| Rs.10 lakh | 1 year | Rs.87,637 |
| Rs.10 lakh | 5 years | Rs.20,953 |
| Rs.15 lakh | 1 year | Rs.1,31,456 |
What is the rate of interest on second hand cars?
Top Lenders Offering Pre-Owned Car Loans
| Lender | Interest Rate | Repayment Tenure |
|---|---|---|
| HDFC Bank | 13.75% – 16.00% (Rack Interest) | 7 years |
| Punjab National Bank | Starts from 7.90% | 5 years |
| Axis Bank | 14.40% – 16.40% | 5 years |
| Mahindra Finance | Contact the bank | 5 years |
How much interest is a car loan?
Compare Best Car Loan Interest Rates in India for 2021
| Bank Name | Car Loan Interest Rates |
|---|---|
| Bank of Baroda Car Loan | 7.00% p.a. onwards |
| Canara Bank Car Loan | 7.30% p.a. onwards |
| Axis Bank Car Loan | 7.45% p.a. onwards |
| Federal Bank Car Loan | 8.50% p.a. onwards |
What was interest rate in 2015?
3.85%
Average 30–year mortgage rate trends
| Year | Average 30-Year Rate |
|---|---|
| 2012 | 3.66% |
| 2013 | 3.98% |
| 2014 | 4.17% |
| 2015 | 3.85% |
What was the home loan interest rate in 2014?
“This is a limited period offer, and is valid for all new applications submitted before January 31, 2014, and first disbursement taken by February 28, 2014,” HDFC release says. “The new rates for home loans up to Rs. 75 lakh will be 10.25 per cent per annum,” HDFC statement adds.
Do banks give loans for used cars?
Most banks and non-banking financial companies (NBFC) offer loans to buy pre-owned/used cars. The terms and conditions and charges vary from one lender to another. Select lenders may offer you up to 100 per cent financing but most will offer you up to 80 per cent.