Car Loan April 2026: Compare Bank Interest Rates to Find the Cheapest Deal

Owning a car is a milestone many people work towards, but with prices running into lakhs, it’s not always easy to pay upfront. That’s where car loans step in, letting buyers spread the cost through manageable EMIs. If you’re planning to take a car loan this month, checking interest rates across banks can make a big difference to your overall cost.

Here’s a quick look at what some of India’s leading banks are offering in April 2026:

HDFC Bank Car Loan

Interest rates start from 9%, but your final rate depends on factors like credit score and income profile. The processing fee is 0.5% of the loan amount, with a minimum charge of ₹3,500. Additional charges may apply based on the loan terms.