<ul data-eligibleForWebStory="false"><li>Several top banks in India like HDFC Bank and State Bank of India are offering attractive interest rates on vehicle loans to enable people to own a car conveniently without a large one-time payment.</li><li>These car loan schemes feature up to 100% financing of the on-road price, no advance EMI, longest repayment tenure, and flexible repayment options to appeal to a larger customer base.</li><li>Loan eligibility criteria typically include being a salaried or self-employed borrower with a minimum income, work experience, age criterion, and credit health. A strong credit score can secure loans at lower interest rates.</li><li>Banks are also offering 100% digital car loans with quick approvals and minimal documentation, making it easier for individuals to apply for loans up to Rs 25 lakh without an upper limit restriction.</li></ul>

Car Loans In July 2025: Lowest Interest Rates From Top Banks Compared

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