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OnePaisa — Smart Finance for India

New Car Loan

13 lenders · rates from 7.35% · secured, up to ₹2Cr

Check Your Rate →Soft check · won’t affect your credit score

Live rate table

Sortable · date-stamped
13 lenders
Kotak Mahindra Bank logo
Kotak Mahindra Bank
Bank
up to 2.5% fee · ₹1Cr max
Get Offer
Central Bank of India logo
Central Bank of India
Bank
7.65 – 9.3% 21 Aug 2026
0.5% fee · ₹2Cr max
Get Offer
ICICI Bank logo
ICICI Bank
Bank
₹3K – ₹5K fee · ₹1Cr max
Get Offer
Bank of Baroda logo
Bank of Baroda
Bank
1% fee · ₹1Cr max
Get Offer
S
State Bank of India
Bank
₹750 – ₹2K fee · ₹1Cr max
Get Offer
IDFC FIRST Bank logo
IDFC FIRST Bank
Bank
2.5% fee · ₹1Cr max
Get Offer
Hero FinCorp logo
Hero FinCorp
NBFC
Varies fee · ₹25L max
Get Offer
Axis Bank logo
Axis Bank
Bank
₹4K – ₹12K fee · ₹1Cr max
Get Offer
HDFC Bank logo
HDFC Bank
Bank
up to 0.5% fee · ₹1.5Cr max
Get Offer
Tata Capital logo
Tata Capital
NBFC
From 9.49% 25 Aug 2026
1.5% fee · ₹75L max
Get Offer
Bajaj Finance logo
Bajaj Finance
NBFC
2% fee · ₹50L max
Get Offer
Mahindra Finance logo
Mahindra Finance
NBFC
2.5% fee · ₹50L max
Get Offer
Cholamandalam logo
Cholamandalam
NBFC
Varies fee · ₹1Cr max
Get Offer
Estimate your EMI ~30 sec · indicative
Estimated EMI
₹15,973/mo
Get offers at this amount →
Eligibility for New Car Loan depends on the vehicle’s on-road price as well as your income. Start an application for a real answer.
EMI examples · at 7.35% p.a.
₹5L · 4 yr
₹12,054/mo
₹8L · 5 yr
₹15,973/mo
₹13L · 7 yr
₹19,844/mo

Eligibility

Age21 – 65 years
IncomeSteady income covering the EMI
Credit score750+ for the best rate
FinancingTypically up to 80 – 90% of on-road price

Documents

  • PAN and Aadhaar
  • Last 3 salary slips (salaried) or 2-year ITR (self-employed)
  • 6-month bank statement
  • Passport-size photograph
  • Vehicle quotation / proforma invoice

Fees & charges

Processing feePer each lender’s schedule
Prepayment / foreclosureVaries by lender and rate type
Late paymentAs per each lender’s schedule

FAQ

Used-car loans price higher than new-car loans because of the collateral risk — see the separate used-car page. Salary-account customers often get a small rate discount on new cars.

Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.

No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.

Every rate is date-stamped and linked to the lender’s published material · RBI-registered lenders only
Best rate today7.35% · Kotak Mahindra Bank
Check your rate