Average New Car Loan Interest Rate 2024 Calculator. A car loan emi calculator is a tailored tool to compute the monthly instalments one needs to pay after availing a loan to buy a car. The average auto loan interest rate in the first quarter of 2024 was 6.73% for new vehicles and 11.91% for used vehicles, according to experian.
9, 2024, banks in india are offering interest rates on new car loans as low as 8.50% and as high as 14.10%. The average apr for a new car loan was 7.18%, according to experian’s state of the automotive finance market report for the first quarter of 2024.