Car Loan Interest Rates |
| Banks/Rates | New Car Loan (Reducing) | Used Car Loan (Reducing) | Processing Fee | Apply |
| HDFC Bank | 10.50% - 13.00% | 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% | 16.95% ( Upto 36 Months) 17.20% ( Above 36 months) |
0.5% of loan Amount |
|
| Bank Of Baroda | 11%(Upto 5yrs) 11.50% (above 5yrs) | N.A. | 0.75% (Upto 15Lacs), Max Rs.10000 0.5% (Above 15 Lacs), Min Rs.10000, No Maximum Limit |
|
| Canara Bank | 11% ( Upto 36 Months) 11.50% ( Above 36 Months) | N.A. | 0.1% of loan Amount (Minimum Rs. 250 ,Maximum Rs.500) | |
| Corporation Bank | 11.25% ( Upto 36 Months) 11.25% (From 36 - 60 months), 11.75% (From 60 - 84 months), | 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 | 11.25% - 15% | 16.50% - 18% | Rs.3500/- to Rs.5500/- | |
| ICICI Bank | 11.50% - 14.75% (From 36 - 60 months), 13.75% - 16% (From 24 - 35 months), 15.75% - 17% (Upto 23 months) |
16.50% - 18.50% | Rs.2500/- to Rs.5000/- | |
| Bank Of India | 10.95% | 11.75% | a) Loans upto Rs.25,000/- - one time Rs.1,000/- b) Loans above Rs.25,000/- upto Rs.25 lacs - one time 1.10% of loan amount - Min.Rs.1,500/- & Max. Rs.5,000/- c) Loans above Rs.25 lacs - one time 0.25% of the loan amount Max.15,000/- |
|
| Federal Bank | 10.95% -11.45% (upto & including 36 months) 11.45%-11.95% ( Above 36 months to 60 months) |
15.45%-15.95% | Rs 1685/- to Rs 2808/- |
