Average Auto Loan Rates 2024. Axis bank has taken the top spot in forbes advisor india rating for best car loans in india for its range of offerings and favorable interest rates on the retail loan. According to experian’s state of the automotive finance market report, the average auto loan interest rate for new cars in 2024’s first quarter was 6.73 percent, and 11.91 percent for used.

All of these financial institutions and. How will the rate cuts impact mortgage rates?