Car Loan

Iceland tops the list, while Luxembourg has Europe's highest annual servicing and repair bill

Rising multiple-loan exposure, faster growth in used-car financing and pockets of higher delinquency point to a changing risk profile in India's vehicle-credit market.

State-owned lender launches a limited-period 'Monsoon Dhamaka' campaign, lowering home and car loan rates while waiving processing fees and documentation charges

Car loans: UCO Bank offers lowest rate at 7.35%; compare EMIs

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Consider what you are borrowing for, how much it will cost, how it fits into your current life

PSU Banks Beat Private Lenders on Car Loan Rates in 2026

Lenders kick off 2026 with competitive car finance offers, as public sector banks lead the market with rates as low as 7.35%

If you are looking to buy a car before the Budget, here are the best loan rates available across lenders to help you make an informed decision

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State-owned lenders are lead year-end financing deals by slashing interest costs to attract customers

Public sector banks are offering the most competitive entry-level interest rates on five-year car loans

Public sector lenders offer lowest rates but buyers must compare processing fees and EMI structures to determine the true overall borrowing cost

Customers should compare the total cost of borrowing, not just the headline rate

Besides loan rates, borrowers must consider other expenses a financial institution may charge them

Borrowers face a 7.60% to 14.25% rate spread, with public banks leading the low-cost options

Credit history, income, tenure of employment are among factors that influence the rate you'll be quoted

Public banks lead with car loan rates from 7.6%, while private lenders charge higher with limited fee waivers and concessions

Banks offer women exclusive car loan perks: lower rates, higher funding

Check latest car loan rates here across the sector. EMIs starting around Rs 10,000 for a Rs 5 lakh, 5-year loan.