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Car Loan Interest Rates

(Last updated on 09 December 2016)

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Compare interest rates of top 20 Car loan banks in India

Car loan banks Interest Rates EMI for 1 lakh upto 5 years Processing fee
Axis Bank Ltd 9.40% - 16.50% Rs.2095 - Rs.2458 Rs. 3500 to Rs. 5500
Bank of Baroda 9.60% - 11.35% Rs.2105 - Rs.2192 0.50% of Loan amount
Bank of Maharashtra 10.10% Rs.2129.63 0.25% of the Loan Amount (Min.:Rs.500/-)
Canara Bank 9.75% - 9.80% Rs.2112 - Rs.2115 0.25% on the loan amount with a minimum of Rs.1000/- and maximum of Rs.5000/-
Central Bank of India 9.75% - 10.85% Rs.2112 - Rs.2168 0.50% of loan amount with Minimum Rs. 2000/- and Maximum upto Rs 20,000/-
Corporation Bank 9.90% Rs.2120 50% waived under Festival Offer-2016 (till 31-01-2017)
HDFC Bank 9.25% - 11.25% Rs.2087 - Rs.2186.73 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 9.90% Rs.2120 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 9.50% - 9.60% Rs.2100 - Rs.2105 1% subject to maximum of Rs.6000/- exclusive of service tax
State Bank of India 9.45% - 9.50% Rs.2098 - Rs.2100 Nil till 31.10.2016
Uco Bank 9.85% - 13.60% Rs.2117 - Rs.2306 1% of the loan amount maximum Rs.1500/-.
Bank of India 9.50% Rs.2100 NIL - Festive Offer From 01.09.2016 to 31.12.2016
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 10.10% Rs.2130 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/- .(Service tax extra)
Dena Bank 9.80% - 9.90% Rs.2115 - Rs.2120 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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