Electric Car Loan Interest Rate In India. However, for most of the banks, the lowest car loan interest rates can start. The state bank of india offers an interest rate from 7.25 per cent to 7.60 per cent for loan given for electric vehicles with effect from may 15, 2022.
The car loan interest rates depends on certain factors, such as loan amount, tenure and credit score. Axis bank offers 50bps lower rate of interest rate on car loan for electric vehicle.
The Interest Rate Can Be As Low As 7% P.a.
The state bank of india offers an interest rate from 7.25 per cent to 7.60 per cent for loan given for electric vehicles with effect from may 15, 2022.
Section 80Eeb Allows For A Total Tax Exemption.
The interest rates on new car loans provided to general citized by major indian banks are accurate as on mar.
Further Concession Of 25 Bps In Applicable Rate Of.
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The State Bank Of India Offers An Interest Rate From 7.25 Per Cent To 7.60 Per Cent For Loan Given For Electric Vehicles With Effect From May 15, 2022.
Tata nexon ev emi starts at rs 29,796 per month for a tenure of 60 months @ 9.8 for a loan amount of rs 14.08 lakh.
Tax Deductions On Loan For Evs.
There has been a gradual shift from traditional petrol and diesel vehicles to electric ones.
