New Delhi, May 20 -- South India bank provides for competitive car loan options for borrowers in India. The objective of these loans is to cater to both new and used vehicle purchases.

The applicable interest rates in this regard start from 8.75% for new cars and are also linked with the repo rate. Further, the banking institution provides flexible repayment tenures and reasonably attractive financing options.

It is important to remember that car loans from South Indian Bank depend primarily on factors such as applicant's income, creditworthiness, credit score, total loan amount, repayment history, employment status etc. It is these factors that cumulatively decide the eligibility, loan terms and applicable interest rates on an individu...