Car loan interest rates today.

What 30 banks and NBFCs publish for car loans, with a link to each lender's own rate page.

Checked 18 Oct 2026

RBI repo rate 5.50%decided 7 Oct 2026RBI ↗

Bank of Baroda7.60–11.30%Checked 18 Oct 2026Rates ↗

Bank of Maharashtra7.70–12.00%Checked 18 Oct 2026Rates ↗

Canara Bank7.75–10.95%Updated 9 Oct 2026Rates ↗

Punjab National Bank7.80–9.95%Checked 18 Oct 2026Rates ↗

Punjab & Sind Bank7.80–14.30%Updated 8 Oct 2026Rates ↗

Union Bank of India7.85–10.25%Updated 8 Oct 2026Rates ↗

Bank of India7.85–10.25%Updated 7 Oct 2026Rates ↗

Federal Bank7.85–9.00%Updated 16 Oct 2026Rates ↗

Central Bank of India7.90–9.55%Updated 8 Oct 2026Rates ↗

South Indian Bankfrom 8.25%Updated 8 Oct 2026Rates ↗

State Bank of India8.55–9.50%Updated 15 Oct 2026Rates ↗

Axis Bank8.80–11.70%Updated 18 Oct 2026Rates ↗

HDFC Bankfrom 9.00%Updated 18 Oct 2026Rates ↗

Karur Vysya Bank9.00–9.05%Updated 8 Oct 2026Rates ↗

Hero FinCorpNBFCfrom 9.00%Checked 18 Oct 2026Rates ↗

Tata CapitalNBFCfrom 9.49%Checked 18 Oct 2026Rates ↗

Yes BankActually charged 8.51–11.51%Rates given Apr–Jun 2026Rates ↗

IndusInd BankActually charged 8.98–18.00%Rates given Apr–Jun 2026Rates ↗

UCO BankPublished 7.45–10.00%May be out of dateRates ↗

Indian BankPublished 7.55–8.85%May be out of dateRates ↗

IDBI BankPublished 7.75–8.90%May be out of dateRates ↗

ICICI BankPublished from 8.40%May be out of dateRates ↗

Cholamandalam FinanceNBFCPublished 9.00–20.00%May be out of dateRates ↗

Indian Overseas BankNot publishedNot on the lender's websiteLender ↗

Kotak Mahindra BankNot publishedNot on the lender's websiteLender ↗

IDFC FIRST BankNot publishedNot on the lender's websiteLender ↗

RBL BankNot publishedNot on the lender's websiteLender ↗

Bandhan BankNot publishedNot on the lender's websiteLender ↗

Bajaj FinanceNBFCNot publishedNot on the lender's websiteLender ↗

Mahindra FinanceNBFCNot publishedNot on the lender's websiteLender ↗

Checked 18 Oct 2026 on each lender's own website. Lenders change rates often and we may not have updated ours yet; the lender's page is the final word. "Actually charged" means rates lenders gave borrowers in a recent quarter, which they must publish. Your rate depends on your profile, CIBIL score and loan.

Home loan rates Loan against property rates Personal loan rates

Paying more than this?

Ask these lenders for a lower rate on the loan you already have. Free, from your own email.

Questions.

What is the lowest car loan rate today?

Among the lenders we track, the lowest current published starting rate is 7.60% (checked 18 Oct 2026). Starting rates usually need a high CIBIL score and a strong profile; your offer may be higher.

Why is my rate higher than the published rate?

Lenders price by CIBIL score, income, loan size and type of borrower, and older loans may sit on MCLR or base rate. You can ask your lender to cut your rate or compare offers from other lenders.

How do I get a lower rate on my existing loan?

Ask your own lender in writing, and ask a few other lenders for a balance transfer offer. LowerMyEMI writes these emails for you for free; you send them from your own email.

Guides.

Flat vs reducing interest rate: what dealers quote and what you really payA 6% flat rate on a 3-year car loan costs about 11% on a reducing basis. See how flat and reducing rates work, how to convert, and what to ask.How your CIBIL score changes your loan interest rate (and how to fix errors)See how your CIBIL score changes your loan rate with a real bank grid and worked example, plus how to get free reports and fix errors under RBI rules.Personal loan balance transfer: how to lower your rate and when it is worth itSwitching your personal loan to a lower rate? Count foreclosure charges, fees and GST first. Two worked examples and a simple break-even rule.