CAR LOAN GUIDE
Understand benchmarks, resets and the EMI impact before signing a vehicle-loan offer.
CURRENT SIGNAL
The RBI current-rates page listed the policy repo rate at 5.25% as at 01 Oct, 2026.
THE MECHANISM
The loan agreement should name the benchmark, spread, reset date and communication method.
EMI EXAMPLE
The worked example shows how repricing a full loan term can change the monthly payment.
RESET CHECK
The lender may change the EMI, extend the remaining term, or use both methods under the contract.
COMPARE TERMS
Compare the all-in cost, prepayment terms and switch charges instead of only the headline rate.
READ THE FULL GUIDE
Numbers, comparisons and what to check next.
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