Srinagar ~ Buying a new car just got a little easier this festive season. J&K Bank has announced special car loan rates starting at 7.70% per annum, making it one of the more attractive offers in the market right now

The scheme, promoted under the banner“Double Delight”, offers customers several perks, including nil margins, a 100% waiver on processing charges, a free J&K Bank credit card, and an Amazon voucher worth ₹1,000. The offer also features reduced GST and other festive concessions for eligible applicants.

Bank officials said the interest rate and final loan terms will depend on the borrower's credit score, repayment capacity, and the model of the car being financed. Borrowers with strong credit profiles stand to enjoy the lowest rates under the scheme.

For comparison, the standard car loan rate outside the festive offer is around 8.85% per annum as of the first quarter of FY 2024–25, according to HDFC Sky data.

“This festive campaign is designed to bring more smiles to our customers,” a senior J&K Bank representative said.“We're offering zero margins and processing fee waivers so customers can make their car purchase smoother and more rewarding​,”​ an official told Kashmir Observer.

Festive Offer Highlights

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