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Car Loan Interest Rates

(Last updated on 25 November 2017)

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Compare interest rates of top 20 Car loan banks in India

Car loan company Interest Rates EMI per Rs 1 lakh Processing fee
Axis Bank Ltd 11.00% - 12.00% Rs. 2174 - 2224 Rs. 3500 to Rs. 5500
Bank of Baroda 8.60% - 10.35% Rs.2056 - 2142 0.50% of Loan amount
Bank of Maharashtra 8.75% - 9.25% Rs.2064 - 2088 0.25% of the Loan Amount (Min.:Rs.500/-)
Canara Bank 8.70% - 8.95% Rs.2061- 2073 0.25% on the loan amount with a minimum of Rs.1000/- and maximum of Rs.5000/-
Central Bank of India 8.80% Rs.2066 0.50% of loan amount with Minimum Rs. 2000/- and Maximum upto Rs 20,000/-
Corporation Bank 9.40% - 9.90% Rs.2095 - 2120 1% of the loan amount subject to minimum Rs.1000/‐
HDFC Bank 9.25% - 11.25% Rs.2088 - 2187 0.4% of Loan Amount or Rs.10000, whichever is lower
ICICI Bank Ltd 9.35% - 14.74% Rs.2093 - 2365 Rs.2500/- to Rs.5000/-
IDBI Bank Ltd 9.90% Rs.2120 N.A
Union Bank of India 8.90% Rs.2071 N.A
Oriental Bank of Commerce 8.35% - 9.10% Rs. 2044 - 2081 0.50%, min. Rs 500/- & max. Rs 7000/- plus ST.
Punjab National Bank 8.65% - 9.15% Rs.2059 - 2083 Rs 100/- + service tax
State Bank of India 9.20% - 9.25% Rs.2086 - 2088 0.50% of Loan Amount +ST
Uco Bank 9.00% Rs.2076 1% of the loan amount maximum Rs.1500/-
Bank of India 9.25% Rs.2088 Rs. 500/- Plus S.T.
United Bank of India 9.00% - 9.05% Rs.2076 - 2078 0.50% of the loan amount sanctioned subject to minimum of Rs.500/- and maximum of Rs.10,000/-
Syndicate Bank 9.40% Rs.2096 Nil
Dena Bank 9.00% - 9.10% Rs.2076 - 2018 Rs 500/- irrespective of loan amount.
Indian Overseas Bank 9.05% Rs.2078 N.A

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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