Car Loans from 8.55%

Compare rates from 10 lenders. Zero spam calls.

I needfor

EMI:₹16,433

at 8.55% (lowest available)

Showing 10 car loans

Sort:

🎯 Not sure which loan fits? Try the Loan Finder — matched in 60 seconds, no phone number.

Find my loan →Check eligibility →

Bank of Baroda

Bank of Baroda Car Loan

Rate from8.55%

Max amount₹1 Cr

EMI/L · 5y₹2,054

Disbursal5-7 business days

Among the lowest car loan starting rates
Government bank reliability

Min salary: ₹25K · CIBIL: 700+ · Salaried · Self-employed · Professional

View details →Check eligibility

State Bank of India

SBI Car Loan

Featured

Rate from8.70%

Max amount₹1 Cr

EMI/L · 5y₹2,061

Disbursal3-5 business days

Zero processing fee on new cars (promotional)
Up to 90% of on-road price financed

Min salary: ₹25K · CIBIL: 700+ · Salaried · Self-employed · Professional

View details →Check eligibility

Axis Bank

Axis Bank Car Loan

Rate from8.75%

Max amount₹1 Cr

EMI/L · 5y₹2,064

Disbursal3-5 business days

Existing-customer discounts
85% used-car financing

Min salary: ₹25K · CIBIL: 700+ · Salaried · Self-employed · Professional

View details →Check eligibility

HDFC Bank

HDFC Bank Car Loan

Rate from8.75%

Max amount₹1.5 Cr

EMI/L · 5y₹2,064

Disbursal48 hours for pre-approved

48-hour approval for pre-approved profiles
Finances new and used cars

Min salary: ₹25K · CIBIL: 700+ · Salaried · Self-employed · Professional

View details →Check eligibility

ICICI Bank

ICICI Bank Car Loan

Rate from8.75%

Max amount₹1 Cr

EMI/L · 5y₹2,064

Disbursal48 hours

iMobile-based instant sanction
Up to 100% on-road price for premium cars

Min salary: ₹25K · CIBIL: 700+ · Salaried · Self-employed · Professional

View details →Check eligibility

Kotak Mahindra Bank

Kotak Mahindra Car Loan

Rate from8.80%

Max amount₹1 Cr

EMI/L · 5y₹2,066

Disbursal3 business days

Pre-approved offers for Kotak 811 users
Flexible down-payment options

Min salary: ₹25K · CIBIL: 700+ · Salaried · Self-employed · Professional

View details →Check eligibility

IDFC FIRST Bank

IDFC FIRST Bank Car Loan

Rate from8.85%

Max amount₹1 Cr

EMI/L · 5y₹2,069

DisbursalSame day for IDFC customers

Digital-first with e-agreement
90% on-road price financing

Min salary: ₹25K · CIBIL: 700+ · Salaried · Self-employed · Professional

View details →Check eligibility

Tata Capital

Tata Capital Car Loan

Rate from8.99%

Max amount₹75 L

EMI/L · 5y₹2,075

Disbursal48-72 hours

Tata Group vehicle discounts
Flexible step-up EMI

Min salary: ₹20K · CIBIL: 700+ · Salaried · Self-employed · Professional

View details →Check eligibility

Bajaj Finance

Bajaj Finance Car Loan

Rate from9.00%

Max amount₹50 L

EMI/L · 5y₹2,076

Disbursal48 hours

Accepts lower CIBIL scores (685+)
Door-step documentation

Min salary: ₹20K · CIBIL: 685+ · Salaried · Self-employed · Professional

View details →Check eligibility

Mahindra Finance

Mahindra Finance Car Loan

Rate from10.50%

Max amount₹50 L

EMI/L · 5y₹2,149

Disbursal3-5 business days

Available in rural areas
Used car financing

Min salary: ₹15K · CIBIL: 650+ · Salaried · Self-employed · Professional

View details →Check eligibility

Showing 10 of 10 car loans. Browse all loan types →

What is a car loan in India?

Car loans are secured against the vehicle itself. Rates start at 8.55% (Bank of Baroda) for new cars with a strong CIBIL score and move up to 18% for NBFC-funded used cars. Most lenders finance 80-90% of on-road price; SBI’s promotional periods push this to 90% with zero processing fee. Tenures run 12-84 months, with 60 months being the sweet spot — longer tenures lower the EMI but inflate total interest significantly.

How to choose the best car loan

For new cars, start with your salary-account bank — internal customers get the fastest approval and the best rate.
For used cars, NBFCs like Mahindra Finance and Tata Capital accept older vehicles and tier 2/3 buyers that banks often decline.
Zero-down-payment offers are rarely free — the rate is typically 0.5-1% higher to compensate. Run the total-cost math.
Check EV-specific preferential rates — Bank of Baroda and Canara Bank offer 0.25-0.5% lower rates for electric vehicles.

Want to calculate EMI for a specific loan amount and tenure? Use our EMI calculator. Looking for a different loan type? See our full loans hub.

Car Loans from 8.55%

Compare rates from 10 lenders. Zero spam calls.

I needfor

EMI:₹16,433

at 8.55% (lowest available)

Showing 10 car loans

Sort:

🎯 Not sure which loan fits? Try the Loan Finder — matched in 60 seconds, no phone number.

Find my loan →Check eligibility →

Bank of Baroda

Bank of Baroda Car Loan

Rate from8.55%

Max amount₹1 Cr

EMI/L · 5y₹2,054

Disbursal5-7 business days

Among the lowest car loan starting rates
Government bank reliability

Min salary: ₹25K · CIBIL: 700+ · Salaried · Self-employed · Professional

View details →Check eligibility

State Bank of India

SBI Car Loan

Featured

Rate from8.70%

Max amount₹1 Cr

EMI/L · 5y₹2,061

Disbursal3-5 business days

Zero processing fee on new cars (promotional)
Up to 90% of on-road price financed

Min salary: ₹25K · CIBIL: 700+ · Salaried · Self-employed · Professional

View details →Check eligibility

Axis Bank

Axis Bank Car Loan

Rate from8.75%

Max amount₹1 Cr

EMI/L · 5y₹2,064

Disbursal3-5 business days

Existing-customer discounts
85% used-car financing

Min salary: ₹25K · CIBIL: 700+ · Salaried · Self-employed · Professional

View details →Check eligibility

HDFC Bank

HDFC Bank Car Loan

Rate from8.75%

Max amount₹1.5 Cr

EMI/L · 5y₹2,064

Disbursal48 hours for pre-approved

48-hour approval for pre-approved profiles
Finances new and used cars

Min salary: ₹25K · CIBIL: 700+ · Salaried · Self-employed · Professional

View details →Check eligibility

ICICI Bank

ICICI Bank Car Loan

Rate from8.75%

Max amount₹1 Cr

EMI/L · 5y₹2,064

Disbursal48 hours

iMobile-based instant sanction
Up to 100% on-road price for premium cars

Min salary: ₹25K · CIBIL: 700+ · Salaried · Self-employed · Professional

View details →Check eligibility

Kotak Mahindra Bank

Kotak Mahindra Car Loan

Rate from8.80%

Max amount₹1 Cr

EMI/L · 5y₹2,066

Disbursal3 business days

Pre-approved offers for Kotak 811 users
Flexible down-payment options

Min salary: ₹25K · CIBIL: 700+ · Salaried · Self-employed · Professional

View details →Check eligibility

IDFC FIRST Bank

IDFC FIRST Bank Car Loan

Rate from8.85%

Max amount₹1 Cr

EMI/L · 5y₹2,069

DisbursalSame day for IDFC customers

Digital-first with e-agreement
90% on-road price financing

Min salary: ₹25K · CIBIL: 700+ · Salaried · Self-employed · Professional

View details →Check eligibility

Tata Capital

Tata Capital Car Loan

Rate from8.99%

Max amount₹75 L

EMI/L · 5y₹2,075

Disbursal48-72 hours

Tata Group vehicle discounts
Flexible step-up EMI

Min salary: ₹20K · CIBIL: 700+ · Salaried · Self-employed · Professional

View details →Check eligibility

Bajaj Finance

Bajaj Finance Car Loan

Rate from9.00%

Max amount₹50 L

EMI/L · 5y₹2,076

Disbursal48 hours

Accepts lower CIBIL scores (685+)
Door-step documentation

Min salary: ₹20K · CIBIL: 685+ · Salaried · Self-employed · Professional

View details →Check eligibility

Mahindra Finance

Mahindra Finance Car Loan

Rate from10.50%

Max amount₹50 L

EMI/L · 5y₹2,149

Disbursal3-5 business days

Available in rural areas
Used car financing

Min salary: ₹15K · CIBIL: 650+ · Salaried · Self-employed · Professional

View details →Check eligibility

Showing 10 of 10 car loans. Browse all loan types →

What is a car loan in India?

How to choose the best car loan

For new cars, start with your salary-account bank — internal customers get the fastest approval and the best rate.
For used cars, NBFCs like Mahindra Finance and Tata Capital accept older vehicles and tier 2/3 buyers that banks often decline.
Zero-down-payment offers are rarely free — the rate is typically 0.5-1% higher to compensate. Run the total-cost math.
Check EV-specific preferential rates — Bank of Baroda and Canara Bank offer 0.25-0.5% lower rates for electric vehicles.

Want to calculate EMI for a specific loan amount and tenure? Use our EMI calculator. Looking for a different loan type? See our full loans hub.