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Home › Car Loan › Indian Bank

Indian Bank Car Loan Interest Rate November 2026

Updated 2 November 2026Rates from official bank websitesHow we check rates

Indian Bank advertises car loan rates starting from 7.75% per annum. For ₹8 lakh over 5 years that is an EMI of about ₹16,126 a month.

Starting rate7.75%per annum
EMI per month₹16,126₹8 lakh, 5 years
Total interest₹1,67,534over the full term
Max tenuren/aas stated by the bank

Indian Bank car loan rates and charges

Starting interest rate7.75% per annum
Applies toIB Vehicle Loan: 7.75% to 9.10%
Processing feeNot stated on the page we checked
PrepaymentNot stated on the page we checked
Maximum tenureNot stated on the page we checked

Source: Indian Bank official page, checked 2 November 2026.

These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.

Indian Bank car loan EMI calculator

Prepayment options (optional): pay extra to finish sooner

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₹5 lakh for 3 years₹5 lakh for 5 years₹5 lakh for 7 years₹8 lakh for 3 years₹8 lakh for 5 years₹8 lakh for 7 years₹10 lakh for 3 years₹10 lakh for 5 years₹10 lakh for 7 years₹15 lakh for 3 years₹15 lakh for 5 years₹15 lakh for 7 years

Compare Indian Bank with other banks

Indian Bank vs Bank of MaharashtraIndian Bank vs Canara BankIndian Bank vs Bank of BarodaIndian Bank vs Union BankIndian Bank vs Federal BankIndian Bank vs PNBIndian Bank vs Central BankIndian Bank vs ICICI BankIndian Bank vs HDFC BankIndian Bank vs SBIIndian Bank vs Axis Bank

Frequently asked questions

What is the Indian Bank car loan interest rate?

Indian Bank's website advertises car loan rates starting from 7.75% per annum (checked 2026-11-02). The rate you get depends on your credit score, income and loan amount.

What is the EMI on a ₹8 lakh car loan from Indian Bank?

At the starting rate of 7.75% over 5 years the EMI is about ₹16,126 a month, with total interest of about ₹1,67,534. A higher personal rate would raise this.

What is the processing fee for a Indian Bank car loan?

The Indian Bank page we checked did not state a processing fee. Please confirm it with the bank's fee schedule before applying.

Does Indian Bank charge prepayment charges on a car loan?

The page we checked did not state prepayment terms. Please confirm with the bank.

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