Top 10 Best Car Loan Offers in India 2025 – Lowest Interest Rates

[Srini]

Compare the best car loan offers in India 2025. Check interest rates, EMI options, eligibility & top banks/NBFCs for new and used cars.

 📖 IntroductionBuying a car has become easier than ever with affordable car loans from leading banks and financial institutions. Whether you want a new car, used car, or an electric vehicle, there are many loan options with low interest rates, long tenure, and quick approvals.In this guide, we compare the Top 10 Best Car Loan Offers in India 2025 so you can choose the one that fits your budget.

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🔥 Top 10 Car Loan Offers in India 20251. State Bank of India (SBI Car Loan)

• Interest Rate: 8.75% onwards
  
• Loan Amount: Up to 90% of on-road price
  
• Tenure: Up to 7 years
  
• Special: Lower rates for women borrowers
  

2. HDFC Bank Car Loan

• Interest Rate: 9% – 10.5%
  
• Loan Amount: Up to 100% ex-showroom price
  
• Tenure: 7 years
  
• Special: Instant approval for pre-approved customers
  

3. ICICI Bank Car Loan

• Interest Rate: 9% onwards
  
• Loan Amount: ₹1 Lakh – ₹50 Lakh+
  
• Tenure: 7 years
  
• Special: Loans for both new & used cars
  

4. Axis Bank Car Loan

• Interest Rate: 9% onwards
  
• Loan Amount: ₹1 Lakh – ₹75 Lakh
  
• Tenure: 8 years
  
• Special: Flexible repayment options
  

5. Punjab National Bank Car Loan

• Interest Rate: 8.90% onwards
  
• Loan Amount: Up to 85% of on-road price
  
• Tenure: 7 years
  
• Special: Low processing fees
  

6. Bank of Baroda Car Loan

• Interest Rate: 8.80% onwards
  
• Loan Amount: Up to ₹1 Crore
  
• Tenure: 7 years
  
• Special: No prepayment penalty after 1 year
  

7. Union Bank of India Car Loan

• Interest Rate: 9% onwards
  
• Loan Amount: ₹1 Lakh – ₹50 Lakh
  
• Tenure: 7 years
  
• Special: Discounts for EVs (Electric Vehicles)
  

8. Kotak Mahindra Bank Car Loan

• Interest Rate: 9% – 11%
  
• Loan Amount: ₹1 Lakh – ₹40 Lakh
  
• Tenure: 7 years
  
• Special: Digital paperless approval
  

9. IDBI Bank Car Loan

• Interest Rate: 9% onwards
  
• Loan Amount: ₹50,000 – ₹50 Lakh
  
• Tenure: 7 years
  
• Special: Attractive schemes for govt. employees
  

10. Tata Capital Car Loan (NBFC)

• Interest Rate: 10% – 12%
  
• Loan Amount: ₹75,000 – ₹25 Lakh
  
• Tenure: 6 years
  
• Special: Used car loans with quick processing
  

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💡 Benefits of Car Loans in 2025

• Up to 100% financing for new cars
  
• Long tenure → Lower EMIs
  
• Special discounts for EV cars
  
• Flexible repayment with foreclosure option
  
• Online approval for faster processing
  

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📌 ConclusionThe best car loan in India 2025 depends on your budget, car type, and repayment capacity. Always compare interest rates, processing fees, and EMI options before applying.👉 Related guides:

• [Best Home Loan Offers in India 2025]
  
• [Best Education Loan Offers in India 2025]
  
• [Best Life Insurance Plans in India 2025]