Akshaya Tritiya is considered a very auspicious day, which this time is falling on 19 April 2026 i.e. Sunday. Buying gold, property or any new thing on this day brings eternal prosperity. Many people also plan to buy a new car on this occasion because it symbolizes a new beginning.
Along with special discounts, exchange offers and free accessories at car dealerships, banks have also launched attractive festival offers. Facilities like zero processing fees, low interest rates, cashback and fast approval are making car loans even more attractive this time. Let us know which bank is offering the best car loan.
Interest rate calculation
Major banks in India are running special schemes on car loans this Akshaya Tritiya. Public sector banks like State Bank of India (SBI), Union Bank of India and Canara Bank are offering loans at very competitive rates. The interest rate on new car loan in SBI starts from 8.70%, while in some schemes it can go up to 8.65%, especially lower for electric vehicles (EV). Union Bank of India is also giving loan at the rate of 8.70%.
Private banks are also not behind. HDFC Bank rates start from 8.15%, ICICI Bank starts from 8.50% and Axis Bank starts from 8.75%. Assured cashback up to ₹ 25,000 is also available in some offers. Minimal documentation, fast approval (in a few hours) and flexible EMI (up to 7 years) make these offers special. There is a possibility of additional discounts and lower interest rates on electric cars, because the government is also promoting green mobility. For example, rates in SBI's Green Car Loan Scheme can start from 8.65%.
Keep these things in mind
It is important to keep some things in mind while taking a car loan. First of all check your CIBIL score. If you have a good score (750+), you will get the lowest interest rate. The loan amount can usually range from 80-100% of the on-road price. The higher the down payment, the lower will be the EMI. Get complete information about processing fees, insurance and other charges. Festival offers are time-limited, so contact the bank's website or nearest branch immediately.
better chance
Bringing a new car on Akshaya Tritiya is not only considered auspicious, but can also prove to be financially beneficial. Due to low interest rates and zero processing fees, the burden of monthly EMI is less, which does not affect the budget. Car dealerships are also offering gifts like extra discounts, free insurance or gold coins on this occasion.
Choose a bank as per your need, budget and credit profile. Plan using the online EMI calculator. If you have a good salary or stable income, the loan will be approved easily. This Akshaya Tritiya, you can take good advantage of discounts to buy your new car.
urgent matter: Interest rates and offers may change with time. For latest information, contact the concerned bank or check their official website. Take loan as per your budget, credit score and repayment capacity.
