Car loan interest rate: Evaluating your financial capability

Evaluating your financial capability before securing a car loan is crucial to avoid cash flow disruptions. Here is a comparison of the interest rate of car loans and the corresponding EMIs for a loan amount of Rs 5 lakh with a repayment tenure of 5 years across different banks in India. Check and compare current car loan interest rates for all major banks in India. Learn about types, application process & factors affecting car loan interest rates . Car Loan - A car loan is a financial agreement that allows you to borrow money to purchase a vehicle, which you repay over time with interest . In India, car loans come with low interest rates and can be repaid over up to 8 years. Some lenders may offer loans covering up to 100% of the car ’s on-road price. Car Loan Interest Rate - 2025 In today’s fast-paced world, to be on-the-go at all times, you need your own vehicle! And if you are thinking of buying a car and are searching for ‘ car loan rates ’ or ‘ car interest rates ’, you won’t have to look further. Read on to know about the banks that provide the lowest car loan interest rates in India. Car Loan Rates Here is a list of a few banks and their car loan interest rates . Most banks offer easy installment loans for both new and used ...