Used Car Loan Interest Rates 2024 India. The current rate of interest for new car loan is just 10.45% and 15.25% for used car loan along with fixed interest rates, based on monthly reducing balance is one. Up to 80% to 85% value of a used car for individuals without income documents.

The interest rate can be as low as 7% p.a. Compare car loan online and check latest interest rates from various indian banks.