Car Loan Interest Rates 2026
Compare auto loan interest rates and processing fees from SBI, HDFC, ICICI, Kotak, Axis and all major banks. Find the best car loan rate. Updated weekly.
| Bank | Interest Rate | Processing Fee | Notes |
|---|---|---|---|
| Bank of Baroda | 7.60% | 0.50% | Lowest rate for new cars; nil fee for women |
| Union Bank | 7.50% | Nil | Zero processing fee; competitive base rate |
| Kotak Mahindra | 8.75–9.25% | Nil–₹5,000 | Often zero fee during festive season |
| Axis Bank | 8.90% | Up to 1.5% | Axis Maruti tie-up: often best rates on Maruti |
| SBI | 8.70% | Nil | Nil processing fee; largest network for servicing |
| HDFC Bank | 8.15% | Up to ₹5,000 | Fastest disbursal; deep OEM partnerships |
| ICICI Bank | 8.40% | Up to ₹5,000 | One-step digital application |
| Punjab National Bank | 7.60% | 0.50% | PNB Pride rate for govt employees |
| IndusInd Bank | 8.00% | Up to 1% | Available for used cars too |
| Tata Capital | 8.75–14.00% | Up to 2% | Good for used & commercial vehicles |