Will Auto Loans Go Down In 2024 In India . Cash purchases still account for 19.3 per. Learn about types, application process & factors affecting car loan interest rates.
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. As private consumption rises across the country, there has been a surge in auto loans for car ownership as people from tier 2, 3 cities and beyond opt for longer.
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