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Car Loan Interest Rates

(Last updated on 04 August 2015)

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Professional Details
Loan Amount:
Occupation:
Annual Income:
City:
Banks/Rates New Car Loan (Reducing) Used Car Loan (Reducing) Processing Fee Apply
HDFC Bank 10.75% - 12.50% 14.50% - 17.50% Rs 3220/- to Rs. 5870/-
Magma Fincorp 11.25% - 12.00%
(upto & including 36 months)
10.75% - 11.25%
(Above 36 months to 60 months)
N.A. -
State Bank of India (SBI) 10.25% p.a. ( for WOMEN)
10.30% p.a. ( for OTHERS)
17.10% ( Upto 36 Months)
17.35% ( Above 36 months)
0.52% of loan amount Min: Rs. 1035.00 (Rs.517 in Used Car) Max: Rs. 10350.00
Bank Of Baroda 10.15% N.A. 0.50% or Maximum Rs.10,000/-
TVS credit 15% - 17% N.A
Canara Bank 10.25 %- 10.30% N.A. 0.25% on the loan amount with a minimum of Rs.1000/- and maximum of Rs.5000/-.
Corporation Bank 10.40% (upto 50 lacs)
10.90%(above 50 lacs)
N.A. 1.00% of the loan amount sanctioned with a minimum of Rs. 1,000/-
Kotak Mahindra 11.50% - 13.50% 17% - 20% Rs.3300/- to Rs.4750/-
Axis Bank 11.50% - 12.50% 15.00% Rs. 3500 to Rs. 5500 (New Car)
Rs. 2500/- to Rs 5000/- (Used Car)
ICICI Bank 10.75% - 12.75% 15.50% N.A
Bank Of India 10.40% 11.20% (Upto 3yrs) a) Individuals Loans upto Rs.5,00/- per application
b) 1% of the loan amount, Minimum Rs.500/- and Maximum Rs.10,000/- For Partnership firms/Corporates - Processing charges will be double that of individuals
c) Processing charges will be 75% that of applicable to individuals, subject to minimum of Rs.500/- in respect of loans availed by borrowers of rural from the Rural Branch.
Federal Bank 10.65% - 12.00% (Floating)
10.30 % to 11.40 % (Fixed Rate)
N.A Upto 5 Lacs - 1500/-
Above 5 lacs - 2500/-

Disclaimer: Please note that the interest rates given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated .Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates.
Banks/ Financial Institutions can contact us at customercare@deal4loans.com for inclusions or updates.
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