Vehicle loan interest rates vary based on multiple factors, including your credit score, loan amount, repayment tenure, and the type of vehicle. A high credit score, usually above 750, assures lenders of your creditworthiness and may fetch lower interest rates. New cars generally attract lower interest rates compared to used vehicles, as they have higher resale value and lower risk. Loan tenure also plays a crucial role—shorter tenures usually come with lower rates but higher EMIs. Additionally, salaried individuals often receive better rates than self-employed applicants due to stable income. Lenders also consider the applicant’s relationship with the bank, offering preferential rates to loyal customers. To secure the best vehicle loan interest rates, maintain a strong credit profile, compare rates from multiple lenders, and negotiate terms effectively.