IDFC FIRST Bank Car Loan with digital-first e-agreement and 90% on-road-price financing.
At 8.85%, IDFC FIRST Bank has one of the lowest starting rates of the 12 lenders we track for new car loans.
As published by IDFC FIRST Bank. Your branch may ask for more.
Best for: IDFC FIRST customers wanting same-day digital disbursal with e-agreement.
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.