Best Bank For Car Loan In Delhi 2026
Following are the most affordable and the cheapest car loan in India, along with their respective car loan rates and processing fees-
| Name of the Bank | Interest Rate (p.a.) |
| State Bank of India | 8.70% p.a. onwards |
| Indian Overseas Bank | 7.55% p.a. onwards |
| IDFC First Bank | 9.99% p.a. onwards |
| Jammu and Kashmir Bank | RLLR + 0.75% onwards (floating)RLLR + 0.25% onwards (fixed) |
| Canara Bank | 7.45% p.a. onwards |
| HDFC Bank | 8.15% p.a. onwards |
| IndusInd Bank | 8.00% p.a. onwards |
| ICICI Bank | 8.50% p.a. onwards |
| Karur Vysya Bank | 9.00% p.a. onwards |
| South Indian Bank | Contact the bank |
| Kotak Mahindra Bank | Contact the bank |
| IDBI Bank | 7.75% p.a. onwards (floating)8.65% p.a. onwards (fixed) |
| Yes Bank | Contact the bank |
| Karnataka Bank | 8.00% p.a. onwards |
| Federal Bank of India | 7.60% p.a. onwards |
| Equitas Small Finance Bank | 9.00% p.a. onwards |
| Punjab National Bank(PNB) | Floating: 7.60% p.a. onwardsFixed: 8.60% p.a. onwards |
| Union Bank of India | 7.40% p.a. onwards |
| Axis Bank | 8.95% p.a. onwards |
| Bank of Baroda | Fixed: 8.50% p.a. onwardsFloating: 7.60% p.a. onwards |
| Tamilnad Mercantile Bank | 9.50% p.a. onwards |
| Bank of India | 7.60% p.a. onwards |
| Bank of Maharashtra | 7.45% p.a. onwards |
| Central Bank of India | 7.60% p.a. onwards |
| Indian Bank | 7.50% p.a. onwards |
| UCO Bank | 7.45% p.a. onwards |
| Bandhan Bank | 9.47% p.a. onwards |
Types of Car Loans in Delhi Ncr
The different types of car loans are mentioned below:
- New Car Loan In Delhi: New car loans can be used to purchase a brand-new car straight out of the showroom. Depending on the bank, the interest rates will vary. Up to 100% of the on-road price of the car may be provided as a loan.
- Used Car Loan In Delhi: Lenders offer used car loans up to 80-85% of the price of the car at attractive interest rates for a loan tenure up to 5 years. However, certain lenders will offer loans for cars that have been purchased within the last 5 years.
- Loan against Car In Delhi: When one is in dire need of funds, he or she can pledge his or her old car as collateral in order to obtain sufficient funds to purchase a new car. This is known as Loan against Car. If you have a bad credit score, you can pledge your old car to the bank as collateral to obtain some much-needed funds.
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Comprehensive Car Loan Banking Services Across Delhi NCR and All Major Localities
Banks for car loans in Delhi offer a wide range of options for individuals looking to finance their dream vehicle with ease and affordability. With numerous public and private sector banks operating across Delhi NCR, including areas like Gurgaon, Noida, Faridabad, and Ghaziabad, borrowers have access to competitive interest rates, flexible repayment tenures, and customized loan plans that suit different financial needs. Bank loan with Low Interest Rates. Whether you are searching for car finance Gurgaon, car loan services in Noida, or affordable options in Faridabad and Ghaziabad, banks across these regions provide convenient and accessible solutions. In addition, services are widely available across all major parts of the capital, including car finance Central Delhi, East Delhi, New Delhi, North Delhi, North East Delhi, North West Delhi, South Delhi, South West Delhi, and West Delhi, car loan in noida, ensuring that customers in every zone can easily access financing support. Key localities such as Centre, South, West, Najafgarh, Rohini, Civil Lines, Karol Bagh, SP-City, Keshavpuram, Narela, Shahdara North, and Shahdara South are also well-covered, making it easier for residents to find nearby loan assistance. Choosing the right bank for a car loan in Delhi can significantly impact the overall cost of borrowing, as interest rates, processing fees, and additional charges may vary from one lender to another. top Banks for Car Loan in Delhi, Most banks provide financing for both new and used cars, with loan amounts covering a substantial portion of the vehicle’s on-road price, making it easier for buyers to manage their finances without paying the full amount upfront. top Banks for Car Loan in Delhi, Another advantage of opting for banks in Delhi NCR is the availability of quick loan approvals, especially for customers with a good credit score and stable income. Bank loan with Low Interest Rates, Many banks also offer pre-approved loans to existing customers, reducing paperwork and speeding up the process. Additionally, borrowers can benefit from transparent terms and conditions, ensuring there are no hidden costs involved. With the rise of digital banking, applying for a car loan has become even more convenient, allowing customers to compare different banks, check eligibility, and submit applications online. Overall, banks for car loans in Delhi NCR provide a reliable and structured financing solution, helping individuals achieve car ownership while maintaining financial stability and planning their repayments efficiently over time.