Car loan interest rates change whenever there is a change in RBI rate - repo rate. RBI announces the rates every quarter in a year. Loanyantra gets all the top lenders in India onto one page showcasing you which bank offers low car loan interest rates. Be aware about current interest rates for car loans before you check for car loan documentation list and before you check your eligibility for car loan. Follow the table and compare the lowest interest rate for auto loans.
Confused!!Cannot find your favourite bank with low interest rate ?Tell us your dream car requirement along with your source of income details and Loanyantra's experts, guide you for the lowest and good interest rate for car loan . Just call us 040-71011991 to know the best bank and for a faster auto loan approval.
| Bank Name | Interest Rates | EMI Per Lac | Max Tenure |
|---|
| 
Axis Bank | 8.00% to 8.50% | Rs. 776 to Rs.2224 | 30 Years |
| 
Bank of Baroda | 7.95% to 8.35% | Rs. 741 to Rs.2142 | 30 Years |
| 
Bank of Maharashtra | 8.05% to 8.40% | Rs. 769 to Rs.2088 | 30 Years |
| 
Canara Bank | 8.15% to 8.40% | Rs. 787 to Rs.2073 | 30 Years |
| 
Central Bank of India | 7.70% to 8.20% | Rs. 776 | 30 Years |
| 
Corporation Bank | 7.90% to 8.65% | Rs. 790 to Rs.2120 | 30 Years |
| 
HDFC Bank | 7.95% to 8.60% | Rs.2088 to Rs.2187 | 7 Years |
| 
ICICI Bank | 8.10% to 8.35% | Rs. 808 to Rs.2365 | 30 Years |
| 
IDBI Bank | 7.85% to 8.90% | Rs. 787 | 30 Years |
| 
Union Bank of India | 7.95% to 8.55% | Rs. 751 | 30 Years |
| 
Oriental Bank Of Commerce | 8.35% to 9.10% | Rs. 2044 to Rs. 2081 | 7 Years |
| 
PNB | 7.75% to 8.35% | Rs. 751 to Rs.2083 | 30 Years |
| 
SBI | 7.70% to 8.25% | Rs. 725 to Rs.2088 | 35 Years |
| 
Uco Bank | 7.80% to 8.40% | Rs. 780 | 30 Years |
| 
Bank of India | 7.95% to 8.30% | Rs. 758 | 30 Years |
| 
United Bank of India | 7.95% to 8.45% | Rs. 744 to Rs.2078 | 30 Years |
| 
Syndicate Bank | 7.90% to 8.35% | Rs. 744 | 30 Years |
| 
Dena Bank | 9.00% to 9.10% | Rs.1604 to Rs.1614 | 7 Years |
| 
Indian Overseas Bank | 8.05% to 8.70% | Rs. 780 | 30 Years |