5 Banks That Provide Best Car Loans
2. Union Bank
Interest Rate: 10. 70 Percent
Union bank provides car loan at the interest rate of 10.70 percent. Through this loan you can buy a two wheeler or a four wheeler for personal or professional use.
Infact, Union bank will provide you loan of up to 50 percent for buying second-hand vehicles as well. But the repayment time period will be lesser compared to the given time period when buying a new car.
The car loan at the rate of 10.70 percent is only provided for individuals who are the permanent employee at Central, State, Defence, Police Force, Public or Joint Sector Undertaking, or any reputed firms.
You can repay the loan within the time period of maximum 60 months, but in case if you are buying a car from Ford Company you will be given the time period of 84 EMIs to repay the loan amount.
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