Laxmi Sunrise Bank Auto Loan interest rate 2083
Laxmi Sunrise Bank's auto loan is priced at 5.44%–7.69% effective in Shrawan 2083: a 4.94% base rate plus a 0.5%–2.75% premium. That ranks 7th cheapest of the 18 commercial banks we track for this product. On Rs. 10 Lakh over 60 months the EMI is about Rs. 19,073, plus a 1% processing fee.
- Effective rate
- 5.44% – 7.69%
- Base rate
- 4.94%
- Premium
- 0.5% – 2.75%
- Processing fee
- 1%
- Maximum tenure
- 84 months
- Maximum loan-to-value
- 50%
- Rank by rate
- 7 / 18
- Rates effective
- Shrawan 2083
Effective from: 1 Shrawan 2083Source: www.laxmisunrise.com/rates/interest-rates/
Laxmi Sunrise Bank Auto Loan: effective rate 5.44%, EMI from Rs. 19,073 per month. Compare with 17 other banks.
Rate breakdown
Base rate
4.94%
Premium
0.5%–2.75%
Effective rate
5.44%–7.69%
Fixed
6.99%–10.99%
- Processing fee
- 1% (Min Rs. 2,000)
- Prepayment penalty
- 1.48%
- Fixed-rate terms
- Tenure up to 15 years; electric vehicle 6.99–10.49%
- Loan amount
- Rs. 2 Lakh – Rs. 1.5 Cr
- Tenure
- 12 – 84 months
- Max financing
- 50%
- Age
- 21 – 65 years
Highlights
- Cars, bikes, scooters and EVs
- EV financing up to 80% LTV
- Insurance bundling
Who is eligible
Minimum 6 months in current job or 2 years in business. EVs allowed higher LTV per NRB.
Documents you will need
- Citizenship certificate (copy)
- 2 passport-size photos
- Latest 6 months bank statement
- PAN card
- Vehicle quotation from dealer
- Driving licence
Laxmi Sunrise Bank Auto Loan FAQ
What is Laxmi Sunrise Bank's current Auto Loan interest rate?+
Laxmi Sunrise Bank's Auto Loan floating rate is base rate 4.94% plus a premium of 0.5% to 2.75%, giving 5.44% to 7.69% effective from Shrawan 2083.
What is the EMI on a Rs. 10 Lakh Auto Loan from Laxmi Sunrise Bank?+
At 5.44% over 60 months, the EMI is roughly Rs. 19,073. Use the calculator above to change the amount or tenure.
Can I prepay a Laxmi Sunrise Bank Auto Loan?+
Yes. The published prepayment charge is 1.48% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.
