India's lowest car loan rate. Save up to ₹2 lakh compared to private banks on the same car, same tenure.
Same loan amount. Same tenure. A PSU bank rate simply costs you less.
| Bank | Interest Rate | Monthly EMI (₹15.00 L, 7yr) | Total Interest | You Save |
|---|---|---|---|---|
| Bank of Baroda (via NITI) | 7.6% | ₹23,082 | ₹4.39 L | ₹2.35 L |
| HDFC Bank | 10.75% | ₹25,487 | ₹6.41 L | ₹33,125 |
| ICICI Bank | 10.9% | ₹25,605 | ₹6.51 L | ₹23,217 |
| Kotak Mahindra Bank | 11.25% | ₹25,881 | ₹6.74 L | Baseline |
Rates start at 7.60% for salaried applicants with a 750+ CIBIL score and a salary account with the bank. Self-employed profiles typically get 7.85% to 8.60%. Used-car funding starts around 9.25%. We assess your profile first and quote the rate you will actually get — not a headline number.
Most private banks charge 3-5% of the outstanding amount to close a car loan early. Bank of Baroda charges nothing. On a ₹15 lakh loan closed in year four, that alone protects roughly ₹35,000-₹50,000 of your money.
Move the sliders to see your monthly EMI and how much a PSU rate saves you.
Monthly EMI
₹23,082
Total Interest
₹4.39 L
Total Payment
₹19.39 L
Four steps, mostly on WhatsApp.
Send us your requirement — loan type, amount, city. Takes 2 minutes.
We compare rates from 5+ PSU banks and share the best options within 15 minutes.
Send documents on WhatsApp. We verify and submit to the bank on your behalf.
48-72 hour approval. Money disbursed directly to you or your dealer.
NITI Financial Solutions is a loan facilitation service. We facilitate the loan application process between you and our partner banks. The final loan sanction, interest rate, and terms are determined by the respective bank based on their credit assessment.
