Enter your details to get started — it's free
Our expert will call you within 24 hours — free service
Up to 90% on-road price funding. Compare rates from 10+ banks and drive home your dream car.
New car loan rates from top banks. Sorted by lowest rate.
| Lender | Interest Rate | Max Loan | Max Tenure | Processing Fee | |
|---|---|---|---|---|---|
SBI Lowest Rate | 9.25% p.a. Lowest | ₹25 L | 7 yrs | Varies | |
PNB Govt Employees | 9.25% p.a. | ₹25 L | 7 yrs | Varies | |
Bank of India | 9.25% p.a. | ₹25 L | 7 yrs | Varies | |
HDFC Bank Quick Approval | 9.35% p.a. | ₹25 L | 7 yrs | Up to 2% | |
Bank of Baroda | 9.40% p.a. | ₹25 L | 7 yrs | 0.5% | |
Axis Bank | 9.50% p.a. | ₹25 L | 5 yrs | Up to 2.5% | |
ICICI Bank Self-Employed | 10.75% p.a. | ₹25 L | 7 yrs | Varies | |
IDFC First Bank Digital | 10.99% p.a. | ₹20 L | 7 yrs | Varies | |
Tata Capital NBFC | 11.00% p.a. | ₹25 L | 5 yrs | Varies |
Estimate your monthly EMI for any car
💡 Minimum 10% down payment required. Up to 90% on-road price funded.
A car loan is a secured loan where the vehicle acts as collateral. Banks typically fund 80–90% of the on-road price with a minimum 10% down payment from you.
| Age | 21 – 65 years |
| Min Income | ₹25,000/month |
| Credit Score | 750+ for best rates |
| Funding | Up to 90% of on-road price |
| Down Payment | Minimum 10% |
Banks calculate loan eligibility on the on-road price (ex-showroom + insurance + registration + accessories). Typically 10–15% more than ex-showroom. Always check the exact on-road price before calculating your loan amount.
Get the best car loan deal — expert guidance from application to delivery