Car Loan Interest Rate Comparison for All Banks, Lowest EMI, Best Rates in India
| Bank | Car Loan Interest Rates | Maximum Loan Amount |
|---|---|---|
| Central Bank of India | 9.00% Floating | 90% of on-road price |
| Andhra Bank | 9.40% Fixed | 85% of on-road price |
| IDBI Bank | 9.30% Fixed | 90% of ex-showroom price |
| Federal Bank | 9.15% Fixed | 90% of ex-showroom price |
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Which bank is better for car loan?
Best Car loan Interest Rates India March 2019
| Car loan Banks | Interest Rates | EMI per Rs 1 lakh for 7 Years |
|---|---|---|
| HDFC Bank | 8.50% – 11.25% | Rs. 1,584 – Rs. 1,725 |
| ICICI Bank | 8.82% – 12.75% | Rs. 1,600 – Rs. 1,806 |
| IDBI Bank | 9.00% – 9.10% | Rs. 1,609 – Rs. 1,614 |
| Indian Bank | 9.00% | Rs. 1,609 |
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What is a good rate for an auto loan?
The national average for US auto loan interest rates is 4.21% on 60 month loans. For individual consumers, however, rates vary based on credit score, term length of the loan, age of the car being financed, and other factors relevant to a lender’s risk in offering a loan.
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