News

Cheapest Auto Loans to Buy Tesla Y Model: American billionaire Elon Musk's company Tesla launched its much-awaited showroom in India in Mumbai today (Tuesday, July 15, 2025). The launch that happened with much fanfare also saw Tesla unveiling its India-spec Model Y. The model that was available in other parts of the world, including China, will now be available at an ex-showroom price of Rs 59.98 lakh in the country.

Available in Rear-wheel Drive and Long Range Rear-wheel Drive variants, the booking for the car is underway.

The delivery of Model Y cars is expected to start in the third quarter of 2025.

The company claims the car can run 622 km on a single charge with a top speed of 201 kmph.

Many brand-conscious Indians and those who want to be among the first to have a Tesla car as a prize possession would love to buy the car.

Are you also one of them?

If an auto loan is the way you want to use to get the car, do you know which leading banks are providing auto loans at the cheapest rate, what will be the estimated equated monthly installment (EMI) that you have to pay, and what will be the processing fee? Know here-(Source: Paisabazaar.com)

Interest rate (%)- 7.80-9.70

EMI (Loan amount Rs 5 lakh, tenure 5 years)- Rs 10,090 - 10,550

Processing fee (% of loan amount)- Up to Rs 1,000

Interest rate (%)- 7.85-9.70

EMI (Loan amount Rs 5 lakh, tenure 5 years)- Rs 10,102 - Rs 10,550

Processing fee (% of loan amount)- Up to 0.25% (Rs. 1,000 - Rs. 1,500)

Interest rate (%)- 8.15-11.70

EMI (Loan amount Rs 5 lakh, tenure 5 years)- Rs 10,174 - Rs 11,047

Processing fee (% of loan amount)- Up to Rs. 2,000

Interest rate (%)- 7.70-11.70

EMI (Loan amount Rs 5 lakh, tenure 5 years)- Rs 10,067 - Rs 11,047

Processing fee (% of loan amount)- 0.25%  (Rs 1,000 - Rs 5,000)

Interest rate (%)- 8.00-12.15

EMI (Loan amount Rs 5 lakh, tenure 5 years)- Rs 10,138 - Rs 11,160

Processing fee (% of loan amount)- Up to 0.25% (Rs. 2500 - Rs. 10,000)

Interest rate (%)- 7.60-10.00

EMI (Loan amount Rs 5 lakh, tenure 5 years)- Rs 10,043 - Rs 10,624

Processing fee (% of loan amount)- 0.50% (Rs 5,000)

Interest rate (%)- 9.10-10.15

EMI (Loan amount Rs 5 lakh, tenure 5 years)- Rs 10,403 - Rs 10,660

Processing fee (% of loan amount)- Rs 750 - Rs 1,500

Interest rate (%)- 8.40-9.20

EMI (Loan amount Rs 5 lakh, tenure 5 years)- Rs 10,234 - Rs 10,428

Processing fee (% of loan amount)- Rs 2,500

Interest rate (%)- 7.70%-12.00%

EMI (Loan amount Rs 5 lakh, tenure 5 years)- Rs 10,067 - Rs 11,122

Processing fee (% of loan amount)- 0.25% of the loan amount (max. up to Rs. 15,000)

Interest rate (%)- 7.80-12.00

EMI (Loan amount Rs 5 lakh, tenure 5 years)- Rs 10,090 - Rs 11,122

Processing fee (% of loan amount)- 0.50% (Rs 500 - Rs 5,000)

Interest rate (%)- 9.10 onwards

EMI (Loan amount Rs 5 lakh, tenure 5 years)- Rs 10,403 onwards

Processing fee (% of loan amount)- Up to 2%

Interest rate (%)- 9.20 onwards

EMI (Loan amount Rs 5 lakh, tenure 5 years)- Rs 10,428 onwards

Processing fee (% of loan amount)- Up to 1% (Rs 3,500 - Rs 9,000)

Interest rate (%)- 9.16-11.64

EMI (Loan amount Rs 5 lakh, tenure 5 years)- Rs 10,418 - Rs 11,031

Processing fee (% of loan amount)- Up to 0.60% (Rs 2500 - Rs 11,000)

Interest rate (%)- 10.50 onwards

EMI (Loan amount Rs 5 lakh, tenure 5 years)- Rs 10,747 onwards

Processing fee (% of loan amount)- Rs 2,000 - Rs 4,500

Interest rate (%)- 7.75-14.25

EMI (Loan amount Rs 5 lakh, tenure 5 years)- Rs 10,078 - Rs 11,699

Processing fee (% of loan amount)- 0.25% (Rs 1,000-Rs 15,000)

Interest rate (%)- 7.75-9.85

EMI (Loan amount Rs 5 lakh, tenure 5 years)- Rs 10,078 - Rs 10,587

Processing fee (% of loan amount)- Rs 1,000

Interest rate (%)- 9.99 onwards

EMI (Loan amount Rs 5 lakh, tenure 5 years)- Rs 10,621 onwards

Processing fee (% of loan amount)- Up to Rs 10,000

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.