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Banks/Rates HDFC Bank Magma Fincorp Axis Bank State Bank of India (SBI)
New Car Loan (Reducing)
 10.50% - 13.00%

10.75% - 12.00%

 11.50% - 14.50% 10.45%
Used Car Loan (Reducing) 13.5% - 14.25% NA 16.50% - 18% 16.95% (up to 3 years)
17.20% (above 3 years)
Processing Fee Rs 2625/- to Rs. 4950/- - Rs.3000/- to Rs.3500/- 0.5% of Loan Amount
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