New Delhi: Following the reduction in GST rates, car sales across India have risen sharply. Preliminary estimates from the auto industry suggest that around 4.7 lakh cars were sold in October, marking a 17 percent increase compared to October 2024.

If you’re planning to buy a car and intend to finance it through a loan, it’s crucial to know which banks are offering the most competitive interest rates.

Union Bank and SBI Cut Car Loan Interest Rates

The State Bank of India (SBI) has recently reduced its car loan interest rates. It now offers car loans at 8.75 percent per annum, while the Union Bank of India has more attractive rates starting at 7.90 percent per annum. Read Also Union Finance Minister Nirmala Sitharaman Urges Rural Banks To Scale Up Credit Disbursement For...

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