Car Loan Interest Rates: A Simple Guide for Buyers Car loan interest rates are an important factor when you plan to buy a new or used car through finance. The interest rate affects your monthly EMI and the total amount you repay. Bajaj Finance currently states that new car finance can have interest rates of up to 12.25% p.a., with the actual rate depending on factors such as your credit score, loan amount and tenure. Before taking a car loan, consider these points: Compare interest rates from different lenders. Check your credit score before applying. Choose a suitable loan tenure. Plan your down payment carefully. Calculate the EMI according to your budget. A good credit profile and suitable repayment period may help you get better loan terms. Always check the applicable interest rate, fees and other charges before accepting a loan offer. visit site - https://www.bajajfinserv.in/new-car-finance-interest-rates-and-charges