Which bank gives car loan for 7 years?

Axis Bank offers Car Loans at an attractive rate of interest, low processing fee, a repayment tenure of upto 7 years, and higher loan-to-value ratio (100% on-road price funding on certain models) to purchase a new car.

Can you get a 7 year car loan?

An 84-month auto loan can mean lower monthly payments than you’d get with a shorter-term loan. But having as long as seven years to pay off your car isn’t necessarily a good idea. You can find a number of lenders that offer auto loans over an 84-month period — and some for even longer.

Can you get an 8 year loan on a car?

Six- and seven-year loans are becoming an increasingly popular choice — and some lenders will even stretch out those payments eight years. … These long-term loans allow buyers buy the vehicle they want with the monthly payments they can afford.

Can I get personal loan for 7 years?

Long term loans refer to those loans which have repayment tenure of 3 years and above. Thus, long term personal loans are unsecured personal loans which have repayment tenure of more than 3 years. … In Fullerton India, Personal loan with tenure 7 years or more does not exist, since the maximum tenure is up to 5 years.

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Which bank provides maximum tenure for car loan?

Best Car Loan Providers in India

Bank Car Loan Interest Rates Maximum Loan Tenure
HDFC Bank Car Loan Rates 13.75% Fixed 7 years
SBI Car Loan Rates 7.25% Floating 7 years
ICICI Bank Car Loan Rates 7.50% Fixed 7 years
Axis Bank Car Loan Rates 7.45% Fixed 7 years

Can you do a 6 year car loan?

There’s really only one benefit of a long-term auto loan that spans six to seven years or even longer. The longer the car loan, the smaller the monthly payment. By taking out financing with an extended loan term, you can potentially buy a more expensive car and still stay within your monthly budget.

Can I get a car loan for 10 years?

Some lenders and credit unions, however, offer extended loan terms of anywhere from 96 months (eight years) to 120 months (10 years). Although the lower monthly payment may seem attractive, a decade-long auto loan could leave you paying for a vehicle that’s worth very little 10 years from now.

Can I finance a 2005 vehicle?

Typically, a bank won’t finance any vehicle older than 10 years, even if you have good credit. If you don’t have great credit, you may find it difficult to finance through a bank, even for a new car. But, banks are far from the last option when it comes to auto lending.

Can you finance 2012 car?

Lenders are open to financing older cars since they tend to withstand the tests of time. While financing may be available through a dealership, local bank, or credit union, it’s best to know what you can afford and shop around for the best interest rate.

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Is a 5 year car loan too long?

5-Year Auto Loan

With lower monthly payments, 5-year auto loans leave you more discretionary income to pay down other debt, save more, or just enjoy life! A 5-year loan is usually more affordable month to month. Drawback: These loans cost more overall. 5-year loans tend to have higher interest rates.

Which bank gives loan easily in India?

Compare Best Personal Loans at Lowest Interest Rates in India 2022

List of Banks/Lenders Personal Loan Interest Rates Loan Amount
HSBC 9.99% – 14.00% Upto INR 30 lakh
ICICI Bank 10.50% onwards Upto INR 40 lakh
IDBI Bank 9.50% – 14.00% Upto INR 10 lakh
IndusInd Bank 11.00% Onwards Upto INR 15 lakh

What is the interest on 2 lakhs?

Calculated Monthly EMI for 2 lakh of loan amount for 3 years at various rate of Interest :

Loan Amount Rate of Interest Per Month EMI
2 lakh 14.00% Rs. 6,836
2 lakh 15.00% Rs. 6,933
2 lakh 16.00% Rs. 7,031
2 lakh 18.00% Rs. 7,230

How much EMI can I get for 5 lakhs?

EMI Calculation for 5 Lakh Home Loan amount for Various Tenure Options:

Tenure Options EMI Per Month
5 Years Rs. 9,853
10 Years Rs. 5,754
15 Years Rs. 4,438
20 Years Rs. 3,817

Which bank gives car loan for 8 years?

Axis Bank offers Car Loans at an attractive rate of interest, low processing fee, a repayment tenure of upto 7 years, and higher loan-to-value ratio (100% on-road price funding on certain models) to purchase a new car.

Which bank gives car loan for 10 years?

With IDFC FIRST Bank, you have the flexibility to choose a tenure that suits your car finance budget. We offer tenure of up to 10 years, subject to certain conditions.

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Which bank gives car loan easily?

Top 10 Banks for Car Loan in India

Name of the Lender Interest Rate (p.a.)
HDFC Bank Starting from 8.90% (Please contact the bank for updated rates)
Federal Bank 9.25%
Axis Bank 9.05% to 11.30%
Canara Bank 8.75% to 11.30%