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Record lows on interest rates, Punjab & Sind Bank and Central Bank of India offer car loans at 7.1 %

With interest rates in India at record lows, it has become easier to borrow funds to meet your various requirements.

Punjab & Sind Bank offers the lowest rate – 7.1 percent - on a car loan of Rs 10 lakh with a tenure of seven years, as per data from Bankbazaar. Central Bank of India is next on the list of cheapest car loan lenders with 7.25 percent. It dominated by public sector banks – in fact, none of the private lenders figure in the list.

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