The national average for US auto loan interest rates is 4.21% on 60 month loans. For individual consumers, however, rates vary based on credit score, term length of the loan, age of the car being financed, and other factors relevant to a lender’s risk in offering a loan.Loan duration, however, does have a measurable impact on auto loan interest rates. The shorter the loan, the lower your APR will be. Typical car loans last 36, 48, or 60 months in duration. Getting a shorter 36-month loan could save you close to a full percentage point on your APR compared to a 60-month loan.Waiver of processing fees on car loans, longer repayment tenure for personal and education loans and attractive interest rates on home, car and personal loans — are among SBI’s offerings. But the.Additionally, if you get a loan from a credit union you likely won’t be surprised by any hidden costs associated with auto loans.Use this chart to find the best credit union auto loan rates, including used car loan interest rates from local credit unions and federal credit unions – all of which offer both new and used car loans.Fortunately, RateCity compares a wide range of low interest and flexible car loans for a variety of borrowers. There are many questions that can help you get to the right answer on your car loan comparison journey, such as who can get a car loan, what makes for a great car loan rate, and what the best car loan rates are.The best way to get a loan with bad credit is to get a co-signer. This person agrees to make the car payments in case you fail to do so. This is usually a parent or close relative. If you end up getting a car loan at a very high interest rate, you can always try refinancing in a year or two. Having made payments on time, your credit score.Auto loan preferred interest rate discount of 0.25% to 0.50% is valid only for customers who are enrolled in Preferred Rewards or Banking Rewards for Wealth Management at the time of auto loan application and who obtain a Bank of America auto purchase or refinance loan.