Car Loan Interest Rates |
| (Last updated on 29 January 2015) |
| Banks/Rates | New Car Loan (Reducing) | Used Car Loan (Reducing) | Processing Fee | Apply |
| HDFC Bank | 10.75% - 12.50% | 15.25% - 17.75%
(60 months), 15.25% - 17.75% (48 months), 15.25% - 17.75% (36 months), 15.75% - 18.25% (24 months), 15.75% - 18.25% (Upto 12 months) Corporate Rates 13.50% - 14.25% |
Rs 2625/- to Rs. 4950/- For Corporates Rs.1500 |
 |
| 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) |
10.45% p.a. ( for MEN) 10.40% p.a. ( for WOMEN) |
17.25% ( Upto 36 Months) 17.50% ( Above 36 months) |
0.51% of loan amount, minimum Rs. 1020/- and maximum Rs. 10200/- | |
| Bank Of Baroda | 10.50% | N.A. | 0.75% (Upto 15Lacs), Max Rs.10000 0.5% (Above 15 Lacs), Min Rs.10000, No Maximum Limit |
|
| Canara Bank | 10.70% |
N.A. | 0.1% of loan Amount (Minimum Rs. 250 ,Maximum Rs.500) | |
| Corporation Bank | 10.75% (upto 50 lacs) 11.25%(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% | 16.50% - 18% | Rs.3500/- to Rs.5500/- | |
| ICICI Bank | 10.75% - 12.50% (From 36 - 60 months), 12.20% - 14.50% (From 24 - 35 months), 12.75% - 15% (Upto 23 months) |
13.75% - 17% | Rs.2500/- to Rs.5000/- | |
| Bank Of India | 10.65% | 11.45% (Upto 3yrs) | a) Loans upto Rs.25,000/- one time Rs.1,000/- b) Loans above Rs.25,000/- upto Rs.25 lacs - one time 1% of loan amount - Min.Rs.2,000/- & Max. Rs.10,000/- c) Loans above Rs.25 lacs -one time Max.15,000/- |
|
| Federal Bank | 11.30% - 12.30% | 15.45%-15.95% | Upto 5 Lacs - 1500/- Above 5 lacs - 2500/- |
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