In April 2026, auto loan interest rates in India for new cars typically start from at public sector banks and range up to 12% at private lenders. Used car loans generally carry a premium of 2% to 4% over new car rates, with typical starting points around 10.50% to 12.95% . Current New Car Loan Rates (April 2026)
The following table provides a snapshot of current rates from major lenders for a typical new car loan: Car Loan Interest Rates & Charges (Apr 2026) in India auto interest rate