🚗 Car Loan · India · 2026
Car Loan Rates:
What's Fair in 2026?
Current market rates and benchmarks. Use this before accepting any offer.
Market benchmark: Car Loan
Current rates by bank
| Bank / Lender | Rate Range | Max Amount | Verdict |
|---|
Smart move: Always compare manufacturer finance (Maruti, Hyundai) with bank loans. Manufacturers often run promotional rates on new models that can be 1–2% lower than banks. But read the fine print, some promos have restrictions on prepayment.
| SBI Car Loan | 8.85% – 11.45% | No cap | Competitive |
| HDFC Bank | 8.75% – 12.75% | No cap | Fair |
| ICICI Bank | 8.75% – 12.75% | No cap | Fair |
| Axis Bank | 8.75% – 15.00% | No cap | Varies |
| Kotak Mahindra | 7.99% – 24.00% | No cap | Check rate |
| Maruti Finance | 9.00% – 14.00% | No cap | Promo-dependent |
| Hyundai Finance | 9.00% – 14.00% | No cap | Promo-dependent |
| Mahindra Finance | 10.00% – 18.00% | No cap | Expensive for used |