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Car Loan Interest Rates

(Last updated on 20 February 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 9.40% - 16.50% Rs.2095 - 2458 Rs. 3500 to Rs. 5500
Bank of Baroda 8.60% - 10.35% Rs.2056 - 2142 0.50% of Loan amount
Bank of Maharashtra 8.95% - 9.20% Rs.2073 - 2086 0.25% of the Loan Amount (Min.:Rs.500/-)
Canara Bank 8.75% - 8.95% Rs.2064 - 2073 Waived till 26.01.2017
Central Bank of India 8.90% Rs.2071 0.50% of loan amount with Minimum Rs. 2000/- and Maximum upto Rs 20,000/-
Corporation Bank 9.15% - 9.90% Rs.2083 - 2120 50% waived under Festival Offer-2016 (till 31-01-2017)
HDFC Bank 9.25% - 11.25% Rs.2088 - 2187 50% off on Processing Fees.
ICICI Bank Ltd 9.35% - 14.74% Rs.2093 - 2365 Rs.2500/- to Rs.5000/-
IDBI Bank Ltd 9.95% Rs.2122 N.A
Union Bank of India 9.15% Rs.2083 No processing charges (offer valid till 31/03/2017)
Oriental Bank of Commerce 8.85% - 9.10% Rs.2069 - 2081 N.A
Punjab National Bank 8.70% - 9.05% Rs.2061 - 2078 1% of the loan amount (Max. Rs. 6000/-)
State Bank of India 9.20% - 9.25% Rs.2085 - 2088 N.A
Uco Bank 9.00% Rs.2076 NIL - Festive Offer till 31.03.2017
Bank of India 9.35% Rs.2093 NiL till 31.03.2017
United Bank of India 9.35% Rs.2093 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
State Bank of Travancore 9.35% - 9.45% Rs.2093 - 2098 NiL till 31.03.2017
Dena Bank 8.95% - 9.05% Rs.2073 - 2078 Rs 500/- irrespective of loan amount.
Indian Overseas Bank 9.15% Rs.2083 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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