Processing Fee<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n HDFC Bank<\/b><\/p>\n<\/td>\n | \n 8.50% p.a.<\/p>\n<\/td>\n | \n Up to 7 years<\/p>\n<\/td>\n | \n \u20b93,500 to \u20b95,000<\/p>\n<\/td>\n<\/tr>\n |
\n| \n State Bank of India (SBI)<\/b><\/p>\n<\/td>\n | \n 8.65% p.a.<\/p>\n<\/td>\n | \n Up to 7 years<\/p>\n<\/td>\n | \n 0.5% of loan amount<\/p>\n<\/td>\n<\/tr>\n |
\n| \n ICICI Bank<\/b><\/p>\n<\/td>\n | \n 8.75% p.a.<\/p>\n<\/td>\n | \n Up to 7 years<\/p>\n<\/td>\n | \n \u20b93,000 to \u20b95,000<\/p>\n<\/td>\n<\/tr>\n |
\n| \n Axis Bank<\/b><\/p>\n<\/td>\n | \n 8.60% p.a.<\/p>\n<\/td>\n | \n Up to 7 years<\/p>\n<\/td>\n | \n \u20b93,500 onwards<\/p>\n<\/td>\n<\/tr>\n |
\n| \n Punjab National Bank (PNB)<\/b><\/p>\n<\/td>\n | \n 8.55% p.a.<\/p>\n<\/td>\n | \n Up to 7 years<\/p>\n<\/td>\n | \n 0.5% of loan amount<\/p>\n<\/td>\n<\/tr>\n |
\n| \n Kotak Mahindra Bank<\/b><\/p>\n<\/td>\n | \n 8.70% p.a.<\/p>\n<\/td>\n | \n Up to 5 years<\/p>\n<\/td>\n | \n \u20b92,500 onwards<\/p>\n<\/td>\n<\/tr>\n |
\n| \n IDFC FIRST Bank<\/b><\/p>\n<\/td>\n | \n 8.90% p.a.<\/p>\n<\/td>\n | \n Up to 7 years<\/p>\n<\/td>\n | \n \u20b92,500 onwards<\/p>\n<\/td>\n<\/tr>\n |
\n| \n Bank of Baroda<\/b><\/p>\n<\/td>\n | \n 8.60% p.a.<\/p>\n<\/td>\n | \n Up to 7 years<\/p>\n<\/td>\n | \n \u20b91,500 to \u20b95,000<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n These figures give a clear snapshot of the car loan interest rate all bank<\/b> offers as of 2025. By comparing these options, you can easily find a lender offering the most competitive interest rate on car loan<\/b> that fits your financial plan.<\/p>\n<\/span>Top Banks\/NBFCs Offering Car Loans in India 2026<\/b><\/span><\/span><\/h2>\nBuying a new or used car is an exciting step, but selecting the right lender is just as important. In 2025, several banks and NBFCs are offering competitive car loan interest in India<\/b>, giving you plenty of options to choose from. Whether you’re looking for the car loan lowest interest rate bank<\/b> or comparing used car loan rates<\/b>, it’s essential to understand what each lender offers.<\/p>\n To help you make an informed decision, here’s a list of top lenders providing the best interest rate for car loan in India<\/b>, along with their key features. This guide will also help you understand the car loan rate of interest of different banks<\/b> for both new and used vehicles.<\/p>\n<\/span>1. HDFC Bank – HDFC Car loan interest rate<\/b><\/span><\/span><\/h3>\n![\"HDFC](\"https:\/\/cardgrid.in\/blog\/wp-content\/uploads\/2025\/08\/HDFC-Car-loan-interest-rate-300x168.jpg\") <\/p>\n
\n- Interest Rate:<\/b> Starting from 8.50% p.a.<\/li>\n
- Loan Type:<\/b> New and used cars<\/li>\n
- Highlights:<\/b> Fast approval, online documentation, and attractive offers. HDFC is one of the leading choices when it comes to auto car loan interest rates<\/b> and is often listed as a
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