What is the average interest rate if your credit score is between 600 – 700?

If your credit score is between 600 and 700 then expect the average interest rate for a car loan in India to fall roughly between 9.85% and 10.50% p.a. It’s a bit higher than what people with a credit score above 750 might get but not out of reach.

When banks as well as non-banking financial companies (NBFCs) look at your credit, a score in this range tells them you're reliable but they will still factor in extra risk. That means that they will likely charge you more interest to cover that risk. It’s like paying a little extra for a safety net.

Now, paying higher interest might feel a little difficult for you but it’s your chance to improve your credit and gradually get better rates. Even small bumps in your CIBIL™ score can help you save on EMIs over time.

So, yes, you can get a loan at this score, but the smarter move is to polish your credit a bit before taking the plunge. It pays off in the long run.