As the festive seasons are approaching, we can get to see a lot of sizzling offers provided by the banks. As there is COVID-19 going all over the world but still we all think of buying Automobile loans this season.
To make your dream come true, many banks have decided to cut off the processing fee, various charges, as many automobile companies have reported double-digit growth in the volume of wholesale manufacturers in September. Following are the banks, who are providing sizzling offers in Automobile loans.
Kotak Mahindra Bank Automobile loan:
This bank is one of the leading banks of India and is now looking forward to providing auto loans to various categories of people. Kotak Mahindra Bank is waiving off 50% of the processing fee it is available for all the people in the metro, village, city. IT is also providing a special discount to women.
State Bank of India [SBI] Automobile loan:
One of the leading public sector banks is providing auto loans with a cut in its interest rates, processing fee. It has decided to cut off its interest rate from 7.75% to 7.5%. It is also providing 100% finance on selected models.
It will also be cutting some amount of processing fee. Now it will be very easy for an SBI customer to know whether he is eligible for an auto loan or not.
Private Bank Automobile loan:
Private Bank is one of the important banks of India. It has also introduced its festival bonanza.
It has introduced many offers for its users. It is also giving out EMI offers which start at Rs 1,554 per Rs 1 lakh for a tenure of 84 months. It is also offering EMI of Rs 36 per Rs 1,000 for the tenure of 36 months on the loan of a two-wheeler.
HDFC Bank Automobile loan:
HDFC bank is one of the major banks has also started providing 50% off on its processing fee for auto loans and it is also providing 100% off on the two-wheeler loans. These offers are available for all the people and will have different schemes for people with different financial problems.
Related news: Banks Cut Lending Rate on Car Loans
