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Rs 10 Lakh Car Loan EMI: Compare SBI, HDFC, Bank of Baroda for Maximum Benefit
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Car Loan EMI: Save Rs 15,000 on Rs 10 Lakh Loan! Which Bank Offers Best Deal?
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News18
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23-02-2026, 17:45
Car Loan EMI: Save Rs 15,000 on Rs 10 Lakh Loan! Which Bank Offers Best Deal?
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Choosing the right bank for a Rs 10 lakh car loan can save you thousands over a five-year tenure.
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Your CIBIL score is crucial; a score above 800 can secure lower interest rates as a 'premium customer'.
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Bank of Baroda offers the lowest interest rate at 8.50%, compared to SBI's 8.90% and HDFC Bank's 9%.
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For a Rs 10 lakh loan over five years, Bank of Baroda's EMI is Rs 20,517, saving approximately Rs 15,000 compared to HDFC Bank.
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Always consider processing fees, foreclosure charges, and whether the interest rate is fixed or floating, in addition to the EMI.
Read Full Article on News18 in Telugu
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