What is the interest rate for car loan in Yes Bank?

YES Bank offers easy car loans with a minimum tenure of 1 year and maximum tenure of up to 7 years. Interest rates range from 10.25% to 12.25%. Loan amount ranging from Rs.

What is the EMI for 10 lakh car?

What is a car loan EMI calculator?

Which company car loan is best?

Best Bank For Car Loan In India 2022

Which bank has lower interest rate for car loan?

HDFC offers you the lowest car loan interest rate in India, with a 7.95% to 8.30% valuation. The exact rate will depend on your car valuations, CIBIL score, and employment status. If you are a salaried employee, you will get the maximum benefits compared to a self-employed individual.

What is the lowest EMI for car loan?

EMI Calculator for Car Loan At the lowest car loan rates of 8.65% the lowest car loan EMI per lakh for a tenure of 5 years is ₹ 2,059.

What is the EMI for 6 lakh car?

Repayment or Maximum Number of EMI

What is the EMI for 7 lakh car?

So, the EMI will vary with the rate of interest and the loan tenure. For example: The EMI for a 7 lakh car loan at 7% interest and a loan duration of 5 years is Rs. 13,861.25-Aug-2022

What is the EMI for 8 lakh?

8 lakh as a personal loan at the interest rate of 15% for a repayment tenor of four years, you will need to pay Rs. 22,265 as EMI.

What is the EMI for 5 lakhs?

EMI for Personal Loan of Rs 5 lakh for Tenures of 1-5 years

Is bank car loan better?

The primary benefit of going directly to your bank or credit union is that you will likely receive lower interest rates. Dealers tend to have higher interest rates, so financing through a bank or credit union can offer much more competitive rates.18-Aug-2022

Which bank gives car loan for 7 years?

Flexibility of amount and tenure: You can get an Axis bank Car loan for amounts starting from Rs. 1 lakh for a period up to 7 years. Axis Bank customers with pre-approved loans, don't need to deposit income documents and bank statements.

What is the highest car loan interest rate?

Consumers with high credit scores, 760 or above, are considered to be prime loan applicants and can be approved for interest rates as low as 3%, while those with lower scores are riskier investments for lenders and generally pay higher interest rates, as high as 20%.14-Sept-2022

Can you get a 0% interest rate on a car?

How to qualify for a 0% APR car deal. Zero percent financing deals are generally reserved for borrowers with excellent credit — typically classified as a credit score of 800 and above. You'll want to review your credit reports on your own before you start shopping for auto financing.01-Dec-2022

Which loan has no interest rate?

Subsidized Loans do not accrue interest while you are in school at least half-time or during deferment periods. Unsubsidized Loans are loans for both undergraduate and graduate students that are not based on financial need.07-Jul-2022

Can I reduce my car loan EMI?

Yes, you can reduce your car loan EMI; talk to your lender to negotiate a lower EMI and higher repayment tenure. You can make a higher down payment so that your loan amount is reduced and in turn, you get a lower EMI amount. You can go for refinancing or restructuring of loans or opt for a balance transfer.20-Apr-2021

Is car EMI tax free?

Is there Tax Exemption on Car Loan? Cars are considered as a luxury item which is why there is no tax exemption on car loan. So, if you have availed a car loan, then it will not help you in reducing your income tax.

Can I get car loan if my salary is 15000?

Car Loan Eligibility Criteria Income criteria : In the case of a salaried individual, your minimum net annual income must be ₹90000. To avail of a car loan, a self-employed professional and businessman should have a net annual income of upto ₹ 1 cr p.a.

Is car EMI tax benefit?

Yes, a Car Loan can help you save on tax if you are a self-employed professional or business owner and use the car for business purposes. But a salaried employee cannot claim tax deductions on Car Loan interest repayments like with a Home Loan. The reason behind this is that a car is considered as a luxury product.

What is the EMI of 12 lakhs?

EMI for an Rs. 12 lakh home loan for 20 years

What is the EMI for 4 lakhs?

4 lakh at 14% interest with a repayment tenor of two years. In that case, you need to pay an EMI of Rs. 19,205 with a total interest payable of Rs. 60,925.