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Home » Car Loan Interest Rates

Car Loan Interest Rates

Car Loan Calculator: Checkout Zee Business Car Loan EMI Calculator, Auto Loan Payment Calculator to plan your monthly installments. Plan your car loan emi online using free loan calculator, Loan EMI Calculator. This is a car loan calculator to calculate car loan EMI.

You can use this free car loan EMI calculator to figure out your monthly EMI on your car loan. A car loan is for borrowers who want to buy a car for their daily commute to work and other leisure like weekend trips and long drives. A car loan is usually offered for a new car but nowadays banks finance used cars as well. Although, the interest rates offered for a new or a used car loan are different with the latter generally attracting a higher interest rate. Banks can finance upto 90% of the total value of the car with the rest to be borne by the borrower. Apart from this 10% value of the car, a borrower has to fund other expenses like RTO taxes, insurance and other sundry expenses to buy a car from their own pocket.

A car loan can be repaid between 12 months to 84 months period. Unlike home loans, a car loan does not have a flexible interest rate option. Your interest rate will be fixed for the entire tenure of the loan and will depend on the prevailing interest rates as directed by Reserve Bank of India's repo rate.

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Car Loan

Bank of Baroda, Indian Overseas Bank hike lending rates; SBI marginally raises deposit rates

Bank of Baroda, Indian Overseas Bank hike lending rates; SBI marginally raises deposit rates

Thu, Feb 16, 2023

The latest hikes in the interest rates come days after the Reserve Bank of India (RBI) on February 8 increased the borrowing costs by 25 basis points (bps).

More >
Bank of Baroda car loan: BoB slashes interest rate; check new rate, how to apply and features of this loan

Bank of Baroda car loan: BoB slashes interest rate; check new rate, how to apply and features of this loan

Tue, May 03, 2022

Buying a car with Bank of Baroda (BoB) has become cheaper now as the bank has slashed the rate on car loan by 0.25% 

More >
Christmas 2021: SBI offers car loan with zero processing fee: Know interest rate, EMI and other details here

Christmas 2021: SBI offers car loan with zero processing fee: Know interest rate, EMI and other details here

Fri, Dec 24, 2021

If you are a State Bank of India (SBI) customer and planning to buy a car this Christmas, then SBI has certain offers for you. The interested individuals must note that they can avail the SBI car loan without any processing charges.

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SBI offers car loan at zero processing fee, know interest rate, EMI and other details here

SBI offers car loan at zero processing fee, know interest rate, EMI and other details here

Fri, Nov 12, 2021

The State Bank of India (SBI) is offering car loans with several benefits. The interested individuals can login to the official website of SBI at sbi.co.in for various details.

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Bank of Baroda offers car loan at 7% p.a. on various brands; know benefits, EMI options and more

Bank of Baroda offers car loan at 7% p.a. on various brands; know benefits, EMI options and more

Mon, Nov 08, 2021

People who are planning to buy a car must note that Bank of Baroda (BoB)  is offering certain benefits on car loans.

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Diwali 2021: SBI offers these benefits on car, gold and personal loans - Details here

Diwali 2021: SBI offers these benefits on car, gold and personal loans - Details here

Thu, Nov 04, 2021

SBI, the largest public sector lender in the country, is offering a number of benefits on car loan, gold loan and personal loans.

More >
Festival offers! Bank of Baroda offering these interest rates on home and car loans - see how to apply online

Festival offers! Bank of Baroda offering these interest rates on home and car loans - see how to apply online

Mon, Oct 18, 2021

The BoB customers must note that the bank is offering home loan at 6.5 per cent per annum and car loan at 7 per cent per annum.

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Bank of Baroda offers car loan at this rate this festive season - Check features, eligibility, where to apply and other details here

Bank of Baroda offers car loan at this rate this festive season - Check features, eligibility, where to apply and other details here

Mon, Oct 11, 2021

Bank of Baroda (BOB) has certain benefits on car loans. The Bank of Baroda is offering car loan at 7 per cent interest rate per annum.

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SBI offers these benefits on car, gold and personal loans with zero processing fees - Details here

SBI offers these benefits on car, gold and personal loans with zero processing fees - Details here

Sat, Oct 09, 2021

India’s largest public sector lender State Bank of India (SBI) is offering a number of benefits on car loan, gold loan, and personal loan in the festive season. The interested customers can login to the official website of SBI at sbi.co.in for further details on the process and schemes.

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How to apply for SBI car loan this festive season: Check guide, interest rate, features, benefits, tenure, exclusive YONO offers and more

How to apply for SBI car loan this festive season: Check guide, interest rate, features, benefits, tenure, exclusive YONO offers and more

Wed, Oct 06, 2021

It may not be possible for everyone to make a payout for car buying in one go. And, that's where car loan comes into picture.

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SBI car loan festive offer! Check rate of interest, other benefits here - know how to apply through YONO app

SBI car loan festive offer! Check rate of interest, other benefits here - know how to apply through YONO app

Tue, Oct 05, 2021

To attract customers, the State Bank of India (SBI) is also giving car loan at exciting rate in the view of the festival season.

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PNB Car Loan: Buy old or new car this festive season; check income criteria, maximum amount sanctioned and other details

PNB Car Loan: Buy old or new car this festive season; check income criteria, maximum amount sanctioned and other details

Mon, Sep 27, 2021

Informing about PNB Car Loan, the bank tweeted, "Stop Worrying, Check out our deals, Book your dream car with PNB Car Loan."

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SBI Festival Offers! State Bank of India offers these benefits on home, car, gold and personal loans - Check details here

SBI Festival Offers! State Bank of India offers these benefits on home, car, gold and personal loans - Check details here

Thu, Sep 23, 2021

As the festive season is drawing near, the State Bank of India (SBI) is offering a number of benefits on its home loan, car loan, gold loan and personal loan.

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SBI YONO Car Loan: Priority delivery, interest rate DISCOUNT on booking KIA cars through SBI YONO app - Check FULL PROCESS here

SBI YONO Car Loan: Priority delivery, interest rate DISCOUNT on booking KIA cars through SBI YONO app - Check FULL PROCESS here

Wed, Sep 15, 2021

The SBI YONO users must note that they will get priority delivery and other offers on KIA cars if they book through SBI YONO. 

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Bank of Baroda offers THESE benefits on home loan, car loan and other schemes - Check KEY details here

Bank of Baroda offers THESE benefits on home loan, car loan and other schemes - Check KEY details here

Wed, Sep 08, 2021

Bank of Baroda Benefits: The Bank of Baroda provides a number of facilities to its customers. These facilities consist of in principle approval car and home loans within 30 minutes to free personal accident insurance cover for the military personnels and veterans.

More >
SBI offers ALERT! Enjoy FULL DISCOUNT on processing fee for home, car, gold and personal loans - Check BENEFITS, INTEREST RATE and MORE

SBI offers ALERT! Enjoy FULL DISCOUNT on processing fee for home, car, gold and personal loans - Check BENEFITS, INTEREST RATE and MORE

Fri, Aug 20, 2021

SBI Home, Car, Gold, Personal Loan Processing Fee Waiver: Then State Bank of India (SBI) is offering full waiver of processing fee on home loan, personal loan, car loan and gold loan.

More >
Monsoon BONANZA! SBI waives processing fee on car, gold and personal loans - Check INTEREST RATES, BENEFITS and KEY DETAILS here

Monsoon BONANZA! SBI waives processing fee on car, gold and personal loans - Check INTEREST RATES, BENEFITS and KEY DETAILS here

Tue, Aug 17, 2021

The SBI is offering full discount on the processing fee for car, gold and personal loans. The interested persons can login to the official website of SBI at sbi.co.in for further details.

More >
SBI offers higher rate on term deposits, waiver of processing fee

SBI offers higher rate on term deposits, waiver of processing fee

Mon, Aug 16, 2021

State Bank of India (SBI) has announced a 100 per cent waiver on processing fees for its Car loan customers across all channels. The customers can further enjoy the facility of up to 90 per cent on-road financing for their Car loans.  

More >
Took loan from SBI? Big relief for you - Now, you can restructure it! Check bank policy, eligibility, portal login link and other details

Took loan from SBI? Big relief for you - Now, you can restructure it! Check bank policy, eligibility, portal login link and other details

Mon, Sep 21, 2020

As per directives of RBI and with an aim to provide relief to its retail borrowers from the adverse impact of COVID-19, India's largest lender State Bank of India (SBI) has come out with a Restructuring Policy.

More >
Paying EMIs of home loans, car loans or credit card bills? Important development for you

Paying EMIs of home loans, car loans or credit card bills? Important development for you

Thu, Apr 23, 2020

If you are among those paying EMIs of home loans, car loans or any other borrowing or credit card bills, then this is an important development for you! 

More >
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