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Car Loan Interest Rates

(Last updated on 01 October 2016)

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Compare interest rates of top 20 Car loan banks in India

Car loan Banks Interest Rates EMI per Rs 1 lakh Processing fee
Axis Bank Ltd 9.40% - 16.50% Rs.2095 - Rs.2458 Rs. 3500 to Rs. 5500
Bank of Baroda 9.65% - 11.40% Rs.2108 - Rs.2194 0.50% of Loan amount
Bank of Maharashtra 10.15% Rs.2132 0.25% of the Loan Amount (Min.:Rs.500/-)
Canara Bank 9.80% - 9.85% Rs.2115 - Rs.2117 0.25% on the loan amount with a minimum of Rs.1000/- and maximum of Rs.5000/-
Central Bank of India 9.70% - 10.10% Rs.2110 - Rs.2130 0.50% of loan amount with Minimum Rs. 2000/- and Maximum upto Rs 20,000/-
Corporation Bank 10.20% - 10.70% Rs.2135 - Rs.2159 0.50% of loan amount
HDFC Bank 9.35% - 13.75% Rs.2093 - Rs.2314 Rs.2825/- to Rs.5150/-
ICICI Bank Ltd 9.35% - 14.74% Rs.2093 - Rs.2365 Rs.2500/- to Rs.5000/-
IDBI Bank Ltd 9.90% - 9.95% Rs.2120 - 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 9.95% Rs.2122 0.50% of the loan amount, subject to maximum of Rs. 15,000 plus service tax
Oriental Bank of Commerce 10.20% - 10.45% Rs.2135 - Rs.2147 N.A
Punjab National Bank 9.60% - 9.95% Rs.2105 - Rs.2122 1% subject to maximum of Rs.6000/- exclusive of service tax
State Bank of India 9.65% - 13.10% Rs.2108 - Rs.2280 Rs. 500 +ST
Uco Bank 9.95% - 13.70% Rs.2122 - Rs.2311 100% waiver of processing charges from 04.07.2016 to 31.08.2016.
Bank of India 10.15% Rs.2132 1% of loan amount, Min Rs.500/- or Max Rs.10000 plus S.Tax
United Bank of India 10.00% - 10.50% Rs.2125 - Rs.2149 0.50% of the loan amount sanctioned subject to minimum of Rs.500/- and maximum of Rs.10,000/-
Syndicate Bank 10.20% Rs.2135 N.A
State Bank of Travancore 10.10% - 10.35% Rs.2130 - Rs.2142 0.30% of loan amount with a minimum of Rs.1000/- and a maximum Rs.3,000/-
Dena Bank 9.90% - 10.00% Rs.2120 - Rs.2125 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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