Car Loans in India 2024: Compare Best Interest Rates & Apply Online
Compare car loan interest rates from 15+ banks and NBFCs. Get instant approval, lowest EMI, and flexible tenure options. Apply for new car loans and used car loans online.
Looking to buy your dream car? A car loan can help you finance your vehicle purchase with affordable EMIs. In India, car loan interest rates currently range from 7.25% to 14% per annum, depending on the lender, your credit score, and loan amount. With over ₹2.5 lakh crore in outstanding car loans, the Indian auto finance market offers competitive rates and flexible repayment options.
Whether you're buying a new car or a used car, understanding car loan interest rates, EMI calculations, and eligibility criteria is crucial. Use our Car Loan EMI Calculator to estimate your monthly payments, or check our Loan Prepayment Calculator to see how extra payments can reduce your interest burden. Your Credit Score plays a vital role in determining your loan approval and interest rate.
Expert Tip: How to Get the Lowest Car Loan Interest Rate
- Maintain a credit score above 750 for best rates
- Make a higher down payment (20-25% of car value)
- Choose shorter loan tenure to reduce total interest
- Compare offers from multiple lenders before deciding
Full car loans page content with calculator, comparison tables, and detailed information...