Where car-loan interest rates are heading

Your car loan’s interest rate, tenure and down payment together decide what the car really costs you. A small rate difference compounds into a large interest figure over a long tenure.

What to compare

Look at the effective annual rate, processing fees, and the total interest over the full tenure — not just the monthly EMI, which can look small simply because the tenure is long.

Lower your cost

A larger down payment and a shorter tenure cut total interest substantially. Use the EMI estimate on QLOCar to test different down payments and tenures before you commit.

Compare variants and check your city’s on-road price on QLOCar before you decide.