Average New Car Loan Interest Rate 2024 Sbi. It offers a good interest rate, lowest emi cost, less paperwork, etc. However, with a new or a used car loan emi calculator, you can instantly calculate your monthly emis, the interest you need to pay, and the overall loan cost by providing details.

The latest mclr are effective from september 15, 2024. 9, 2024, banks in india are offering interest rates on new car loans as low as 8.50% and as high as 14.10%.