Current new-car loan rates in India repo rate incresed 0.25%

The RBI Repo Rate in India is 5.50% as of 10 October 2026. The Reserve Bank of India increased it by 0.25 percentage points on 7 October 2026, from 5.25%.

What does this mean for you?

• Car loans: Interest rates or EMIs may rise if lenders pass on the increase.
• Home loans: Floating-rate borrowers may see higher borrowing costs.
• Fixed deposits: Banks may offer higher deposit rates, depending on their funding needs.
• Business loans: New borrowing could become more expensive.

The repo rate is not the same as the interest rate banks charge customers; actual loan rates depend on the lender and your profile.

Are you asking about the repo rate for car loans?

For car loans in India, the RBI repo rate matters because it can influence banks’ lending rates, although your actual car-loan interest rate depends on the lender, your credit score, the car model, and the loan amount.

For CarBhartics customers in Kolkata, the key question is: Which bank or finance company offers the lowest car-loan interest rate?

Current new-car loan rates in India

Published lender rates checked on 10 October 2026; actual offers depend on eligibility.

Bank	Interest rate (p.a.)	Source
SBI	8.40% onwards	Interest Rates
ICICI Bank	8.40% onwards for loans over 36 months	ICICI Bank
HDFC Bank	9.00% onwards (rack rate)	HDFC Bank

Calculate your car-loan EMI

Important: The RBI raised the repo rate to 5.50% on 7 October 2026, so compare actual written loan offers rather than assuming every bank will adjust its car-loan rates equally.

Reuters