Rates verified from official source

Akhand Anand Co-Operative Bank Ltd. Car Loan interest rates · November 2026

Your car loan at Akhand Anand Bank.

Choose a scheme. Understand the rate. Explore your repayment.

What would I pay each month?

See scheme conditions Scheme selected for illustration. Check eligibility with the bank.

About you

Akhand Anand Bank's published car loan rates are the same whatever your credit score, income, gender or employer, so there's nothing to ask. Where you land inside a scheme's range is up to the bank.

₹8 lakh
Rate basis
Estimated monthly EMI
₹16,510–₹16,704 At 8.75%–9.25% p.a.

At 8.75%, you repay ₹9.91 lakh: ₹8 lakh borrowed and ₹1.91 lakh interest.

How your loan pays downRepaid Interest
Year 1: ₹1,33,382 repaid, ₹64,735 interest, ₹6,66,618 leftYear 2: ₹1,45,533 repaid, ₹52,584 interest, ₹5,21,085 leftYear 3: ₹1,58,790 repaid, ₹39,327 interest, ₹3,62,294 leftYear 4: ₹1,73,256 repaid, ₹24,862 interest, ₹1,89,038 leftYear 5: ₹1,89,038 repaid, ₹9,079 interest, ₹0 left
Year 1Year 5

From the first year, most of each EMI repays the loan.

Every 0.25% off the rate saves about ₹97 a month. Worth asking for.

Range estimate, not your approved offer. Excludes fees. Assumes the rate stays unchanged.

Explore repayment
Scheme conditions & source

Understand this scheme

Published rate
8.75%–9.25% p.a.
Rate type
Not stated
Pricing published as
Not stated
Benchmark
–
Who it's for
EV - 8.75% Non EV - 9.25%

What still needs confirming

  • Your eligible rate and the scheme's conditions
  • Processing fees and other charges

View bank source

Effective date not stated · checked 15 Nov 2026

Compare Akhand Anand Bank's car loan schemes

Akhand Anand Bank publishes one car loan scheme we can read.

SchemePublished rateEMI range*Choose
Vehicle Loan 8.75%–9.25% ₹16,510–₹16,704 Selected

*₹8 lakh over 5 years, before fees. Scheme names follow the bank's published wording.

Pay off soonerTry extra repaymentsTry extra repayments → Compare other banksAkhand Anand Bank is number 7 of 7 banks we read; lowest 7.70% at MaharashtraKeep this amount and term → Ask the bankIts page lists the conditionsRate, fees and reset terms →

How Akhand Anand Bank compares

Each bank's lowest published rate, and what the same loan would cost a month there. Before charges.

Car loan · EMI on ₹8 lakh over 5 years

  1. 1.Maharashtra · 7.70%₹16,106/mo₹403 a month less
  2. 2.Central · 7.75%₹16,126/mo₹384 a month less
  3. 3.Indian · 7.75%₹16,126/mo₹384 a month less
  4. 4.PNB · 7.85%₹16,164/mo₹346 a month less
  5. 5.BoB · 7.85%₹16,164/mo₹346 a month less
  6. 6.SBI · 8.45%₹16,394/mo₹116 a month less
  7. 7.Akhand Anand Bank · 8.75%₹16,510/moThis bank

All 7 banks we read for car loans →

Akhand Anand Bank car loan: questions borrowers ask

What is the Akhand Anand Bank car loan interest rate?

As of 15 Nov 2026, Akhand Anand Co-Operative Bank Ltd. publishes car loan rates of 8.75% to 9.25% a year. The lowest, 8.75%, is for: EV - 8.75% Non EV - 9.25%. The rate you are offered depends on your credit score, income and the loan amount.

What is the EMI on a ₹8 lakh car loan from Akhand Anand Bank?

At Akhand Anand Bank's lowest published rate of 8.75%, a ₹8 lakh car loan over 5 years costs about ₹16,510 a month, or ₹1,90,587 in interest over the loan. Charges and insurance are extra.

Is Akhand Anand Bank cheaper than other banks for a car loan?

Of the 7 banks we read for car loans, Akhand Anand Bank's lowest published rate (8.75%) ranks number 7; the lowest is 7.70% at Maharashtra. Compare the charges as well as the rate.

Does RateScan get paid by Akhand Anand Bank?

No. We take no referral fees, show no ads and don't take loan applications. Every figure is read from the bank's own page, which is linked from every scheme.

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Other banks

Car loan rates at every bankLoan EMI calculatorMCLR at every bank

How we collect loan rates

From the bank's own pages. Every figure is read from the lending-rate page the bank publishes, and links back to it. Benchmarks are re-read every day.

A published rate is not an offer. Banks set your rate from your credit score, income, the loan amount and the property or vehicle. We show the range the bank publishes; "7.60% onwards" means the bank gave no top figure.

Benchmark plus spread. A floating loan's rate is the bank's benchmark (its repo-linked rate, or MCLR for older loans) plus a spread fixed when you borrow. When the benchmark moves, your rate moves with it at the next reset.

The EMI is worked out on a reducing balance with monthly instalments: EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where r is the yearly rate ÷ 12 and n the number of months. It leaves out processing charges and insurance.

No referral fees. We don't take loan applications or get paid by lenders, so the order is the order.

Independent. No referral fees. Official sources.