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Your credit score, term, and the type/age of the car being financed help determine your rate. I'll go over everything you need to know on car loans and interest. Because car loans are secured by the vehicle you buy, you can expect lower interest rates, sometimes under 5%. The rate of interest you get on your car loan would depend on various factors like the amount of loan you are seeking, value and make of the car, your bob offers attractive interest rates on loans to all customers based on their credit scores. Before locking in that auto loan, you need to make sure you've explored your options. Only published interest rates or interest rate ranges are shown on this page. Lenders offer car loan for purchase of new as well as used car. The interest rates for the car loans in india start at as low as 7.00% p.a. Car loan interest rates in 2018. Additionally, existing home loan borrowers with a good credit. Car loan interest rates can be confusing. The actual rate depends on several factors. Average car loan interest rate may surprise you.
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