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Car Loan Interest Rates

(Last updated on 21 January 2017)

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Compare interest rates of top 20 Car loan banks in India

Car loan banks Interest Rates EMI per 1 lakh Processing fee
Axis Bank Ltd 9.40% - 16.50% Rs.2095 - Rs.2458 Rs. 3500 to Rs. 5500
Bank of Baroda 9.30% - 11.05% Rs.2090 - Rs.2177 0.50% of Loan amount
Bank of Maharashtra 9.75% Rs.2112.42 0.25% of the Loan Amount (Min.:Rs.500/-)
Canara Bank 9.60% - 9.65% Rs.2105 - Rs.2108 Waived till 26.01.2017
Central Bank of India 9.75% Rs.2112 0.50% of loan amount with Minimum Rs. 2000/- and Maximum upto Rs 20,000/-
Corporation Bank 9.85% Rs.2117 50% waived under Festival Offer-2016 (till 31-01-2017)
HDFC Bank 9.25% - 11.25% Rs.2087 - Rs.2187 Rs.2825/- to Rs.5150/-
ICICI Bank Ltd 9.35% - 14.74% Rs.2093 - Rs.2365 Rs.2500/- to Rs.5000/-
IDBI Bank Ltd 9.95% Rs.2122 N.A
Indian Bank Ltd 9.95% Rs.2122 0.229% on loan amount with a max. of Rs.10191/-
Union Bank of India 9.80% Rs.2115 No processing charges (offer valid till 31/03/2017)
Oriental Bank of Commerce 9.80% - 9.90% Rs.2115 - Rs.2119 N.A
Punjab National Bank 9.40% - 9.50% Rs.2095 - Rs.2100 1% of the loan amount (Max. Rs. 6000/-)
State Bank of India 9.60% - 9.65% Rs.2105 - Rs.2108 N.A
Uco Bank 9.75% Rs.2112 NIL - Festive Offer From 01.10.2016 to 31.12.2016
Bank of India 9.40% Rs.2095 NIL - Festive Offer From 01.09.2016 to 31.12.2016
United Bank of India 9.95% Rs.2122 Nil till 31.12.2016
Syndicate Bank 9.85% Rs.2117 Nil till 31.12.2016
State Bank of Travancore 9.95% - 10.20% Rs.2122 - Rs.2135 0.30% of loan amount with a minimum of Rs.1000/- and a maximum Rs.3,000/- .(Service tax extra)
Dena Bank 9.70% - 9.80% Rs.2110 - Rs.2115 Rs 500/- irrespective of loan amount.

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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