It is beneficial to check for zero or minimal prepayment charges, as this allows borrowers to pay

Reducing your car loan interest without refinancing is entirely possible when you use smart financial strategies. Instead of going through the hassle of a full loan restructure, you can start by choosing a lender that offers low interest rates from the beginning. Maintaining a high credit score, making timely EMI payments, opting for shorter loan tenure, and contributing a higher down payment are proven ways to lower your overall interest burden. According to trusted financial sources, many lenders provide competitive interest rates starting as low as 8.75 percent annually, especially for salaried individuals. By selecting a lender that offers flexible repayment options and transparency in charges, you can effectively manage your car loan interest and save significantly over the loan term.