Car Loan Rate is Going Down

ICICI Bank cut rates, Axis Bank follows with a 50-75 basis points cut. ICICI Bank had also told to cut interest rates on car loans to 9.75-10.5% from 10.5-11.5% and now have car loan rate reduced by 1% to 10.5%. he customer may now get a loan at around 9%. Yesterday, ICICI Bank had cut auto loan rates by 25-50 bps to 9.5-11.5 per cent.