Will Auto Loan Interest Rates Go Down In 2024 In India

Will Auto Loan Interest Rates Go Down In 2024 In India. The current rate of interest for new car loan is just 10.45% and 15.25% for used car loan along with fixed interest rates, based on monthly reducing balance is one of the lowest in the car loan segment. Depending on your credit score, you can get a loan for a new car from bank of baroda at a fixed rate of 8.70 to 11.15 percent or a floating rate (linked to the repo.

Use this comprehensive table as your guide to make informed decisions and secure the best car loan that aligns with your financial goals. The interest rates for a car loan with an emi (rs) of rs 5 lakh and a tenure of 5 years are provided below.