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.
Public sector banks are wooing car buyers this festive season with loans starting below 8 per cent and limited-period processing fee waivers, aiming to boost vehicle sales ahead of Diwali
Several public sector lenders extend zero or concessional processing fees till December 2025 to attract car buyers this festive season
Some lenders have waived processing fees to win customers amid rising demand for new vehicles
State-owned banks' offers start at 7.6%, while private lenders mostly price loans near or above 9%
The step will improve savings but impact on credit scores depends on the loan and the lender's rules
Several lenders are waiving processing fees to woo customers in festival season
The recent GST rate cut on cars can save you up to ₹1.5 lakh, but timing and paperwork matter, says expert
Lenders are waiving processing fees and concessions to woo customers
Lower taxes and competitive loan rates mean people planning to buy cars can save money in September
Next time you buy a car, ask yourself: Do you want to just own it, or own it smartly?
Car loan rates range 7.6% to 14.25% in August, with lowest EMIs near Rs 10,000 and some banks offering zero processing fees
Car Loan rate in August: EMIs ease for new car buyers this month as some banks cut rates to 7.6% and waive fees; festive offers and concessions could save you thousands on upfront costs.
A quick look at how major banks are offering in terms of repayment terms, processing fees and tenure
EMIs from ₹10,043 for a ₹5 lakh, 5-year loan; check July car loan rates, festive fee waivers and lender-wise charges before applying.
Data shows a wide variation in interest rates, EMIs, and processing fees across various banks
Top banks are offering car loans this May starting at 8.45 per cent p.a., with EMIs from ~1,581/lakh. Compare rates, fees, and terms to find the best deal for your budget.