Car Loan

Cap total equated monthly instalments at 40 per cent of take-home income, choose a manageable tenure, and check prepayment terms

Longer loan tenures of 5-7 years and affordable EMIs are enabling buyers to choose higher-segment vehicles

The average passenger vehicle loan amount rose 49 per cent to Rs 8.2 lakh in the first half of 2026 from the corresponding period in 2019, while the average repayment tenure rose by five months to 62 months, suggesting rising car prices and consumer aspirations, a TransUnion CIBIL report said on Tuesday. According to the report, 'Shifting Gears 2026- Credit Drives Today's Mobility', premiumisation, driven by demand for SUVs and feature-rich cars, was extending beyond metropolitan cities, with 51 per cent of borrowers taking loans for higher-value cars in the January-June period coming from semi-urban and rural areas. NBFCs continued to lead vehicle financing, accounting for 73 per cent of two-wheeler loans and 37 per cent of passenger vehicle loans. The active passenger vehicle borrower base reached 2.5 crore as of June 2026, 1.7 times the June 2019 level. Delinquency in passenger vehicle loans, measured by balances overdue for more than 90 days, declined to 0.5 per cent from the ..

As the festive season approaches, a number of people start planning a car purchase to coincide with one or the other major festival. Here's a list of available car loans

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