Compare Bank & Credit Union Rates
Best auto loan rates, new and used
Compare the lowest advertised APRs for new and used vehicle loans from banks and credit unions, with terms, conditions and original sources.
Top new-car loan rates
Showing 1–15 of 31 in Indianapolis, IN metro · median 5.64% APR
- 4.49%APRas low as
Terms
Rates As Low As 4.49% APR* with an Auto Loan; No Payments for 90 Days*
Auto loan score 89
Rate checked · Auto loans rates on its site
Rates and branches - Indiana Members Credit UnionAuto Loans: SUVs, Truck, Minivan, & Car · 36–84 months
Credit union · 24 branches
4.49%APRas low as · up to 6.74%with conditions4.49% APR, up to 6.74%
This rate needs a checking account, direct deposit or relationship with the lender.
Terms
2024 - 2025 models. Reflects 0.25% Full Relationship discount with checking and direct deposit.
Auto loan score 89 · Carrot Score 91
Rate checked · Auto loans rates on its site
Rates and branches - 4.50%APRas low as
Terms
Model Year: 2025-2026. As low as rate. Subject to credit approval and minimum credit score.
Auto loan score 89 · Carrot Score 88
Rate checked · Auto loans rates on its site
Rates and branches - 4.50%APRas low as
Terms
Rates as low as stated APR for term 37 - 60 months.
Auto loan score 87 · Carrot Score 86
Rate checked · Auto loans rates on its site
Rates and branches - 4.65%APRas low as
Terms
Rates are based on credit score. Minimum score to qualify is 500; scores below 625 require co-signer.
Auto loan score 85 · Carrot Score 68
Rate checked · Auto loans rates on its site
Rates and branches - 4.74%APRas low aswith conditions
This rate needs a checking account, direct deposit or relationship with the lender.
Terms
APRs include a 0.25 percentage-point rate reduction for GenFed checking with direct deposit and a 0.50 percentage-point rate reduction for LTV below 90% (reductions can be combined). Actual APR may be higher. Financing up to 84 months on new and 72 months on used cars; maximum vehicle loan amount $250,000. Optional 90-day payment delay (interest accrues). Prepayment penalty reimbursement up to $100 when refinancing.
Auto loan score 83 · Carrot Score 79
Rate checked · Auto loans rates on its site
Rates and branches - 4.75%APRas low as
Terms
Rate quoted is limited to A+ credit tiers only at 48 month financing; higher rates may apply based on credit worthiness and based on term selection and amount financed compared to equity. 72 month financing limited to current and previous 9 model years over $10,000 financing; 84 month financing limited to current and previous 5 model years over $30,000 financing.
Auto loan score 82 · Carrot Score 83
Rate checked · Auto loans rates on its site
Rates and branches - 4.99%APRas low as
Terms
APR as low as stated based on creditworthiness.
Auto loan score 83 · Carrot Score 73
Rate checked · Auto loans rates on its site
Rates and branches - 5.00%APRas low as
Terms
Rate based on creditworthiness and term of loan. Rates are subject to change at any time and are not guaranteed.
Auto loan score 82 · Carrot Score 89
Rate checked · Auto loans rates on its site
Rates and branches - 5.25%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
APR as low as for credit scores of 800 and above. Qualifies for loyalty discount only.
Auto loan score 72 · Carrot Score 85
Rate checked · Auto loans rates on its site
Rates and branches - 5.29%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Applies to 2024 - current model year vehicles. Rate includes a 0.10% rate discount for automatic payment from a KEMBA checking account. Actual rate depends on credit score and term of loan.
Auto loan score 76 · Carrot Score 78
Rate checked · Auto loans rates on its site
Rates and branches - 5.34%APRas low as · up to 20.69%with conditions
5.34% APR, up to 20.69%
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Available to well-qualified applicants. Includes a 0.25% discount for automated payment from a PNC checking account set up at loan closing; rate increases 0.25% if automated payment is discontinued. Available for 2018-2027 model year non-commercial vehicles with up to 80,000 miles (up to 100,000 miles based on credit qualifications).
Auto loan score 71 · Carrot Score 75
Rate checked · Auto loans rates on its site
Rates and branches - 5.50%APRas low aswith conditions
This rate needs a checking account, direct deposit or relationship with the lender.
Terms
Monthly payment per $1000 borrowed is $19.11.
Auto loan score 72 · Carrot Score 84
Rate checked · Auto loans rates on its site
Rates and branches - Financial Health Federal Credit UnionNew Automobile Loans · up to 75 months
Credit union · 3 branches
5.50%APRas low asTerms
2026 (& 2025) vehicles; max amount 125% of retail value; rate determined by borrower's credit rating and may be as low as stated rate.
Auto loan score 69 · Carrot Score 78
Rate checked · Auto loans rates on its site
Rates and branches - 5.50%APRas low aswith conditions
This rate needs a checking account, direct deposit or relationship with the lender.
Terms
Vehicle Year: 2026 - 2025. Term: 60 Months. Rates include risk based pricing and relationship discount.
Auto loan score 68 · Carrot Score 84
Rate checked · Auto loans rates on its site
Rates and branches
Each institution’s lowest advertised APR for the vehicle, at terms that reach 60 months: usually its best-credit rate, so yours depends on your credit, the term and the vehicle. A rate that needs autopay, a checking account or similar says “with conditions”; More filters can leave those out. Refinance, lease buyout, recreational and promotional rates that have ended are left out, and a rate far below what other lenders advertise is listed lower down until it’s checked. Carrot Score rates each institution on all its CD, savings, auto loan and credit card rates. How we rank
What new auto loans cost in Indianapolis, IN metro
31 banks and credit unions · checked Oct 15–22
- Typical
- 5.64%
- Top 10% up to
- 4.50%
- Banks, typical
- 6.24%
- Credit unions, typical
- 5.29%
How does your bank’s rate compare?
Find your bank or credit union to see all its rates and how they compare near you.
Indianapolis, IN metro
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Elements FinancialCredit union · 5 branches
- FORUM Credit UnionCredit union · 16 branches
- Indiana Members Credit UnionCredit union · 24 branches