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Car Loan Interest Rates

(Last updated on 24 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 11.00% - 12.00% Rs.2,174 - Rs.2,224 Rs. 3500 to Rs. 5500
Bank of Baroda 9.35% - 11.10% Rs.2,093 - Rs.2,179 0.50% of Loan amount
Bank of Maharashtra 10.10% - 10.35% Rs.2,130 - Rs.2,142 0.25% of the Loan Amount (Min.:Rs.500)
Canara Bank 9.80%(For women), 9.85%(For men) Rs.2,115(For women) - Rs.2,117(For men) 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.2,112 - Rs.2,167 0.50% of loan amount with Minimum Rs. 2000 and Maximum upto Rs 20,000
Corporation Bank 9.90% Rs.2,120 50% waived under Festival Offer-2016 (till 31-01- 2017) i.e. 0.50% of loan amount
HDFC Bank 11.50% - 13.75% depending on the segment of vehicle Rs.2,199 - Rs.2,314 Rs.2825 - Rs.5150
ICICI Bank Ltd 10.75% - 15.50% Rs.2,162 - Rs.2,405 Rs.2500 - Rs.5000
IDBI Bank Ltd 9.90% - 9.95% Rs.2,120 - Rs.2,122 Fees waived in full during Festival Offer period
Indian Bank Ltd 9.95% Rs.2,122 0.229% on loan amount with a max. of Rs.10191
Union Bank of India 9.90% - 12.90% Rs.2,120 - Rs.2,270 No processing charges (offer valid till 31/03/2017)
Oriental Bank of Commerce 10.20% - 12.70% Rs.2,135 - Rs.2,260 N.A
Punjab National Bank 9.55%(For women), 9.65%(For others) Rs.2,103(For women) - Rs.2,108(For others) 1% subject to maximum of Rs.6000 exclusive of service tax
State Bank of India 9.60% - 13.05% Rs.2,105 - Rs.2,278 Rs. 500 + ST
Uco Bank 9.85% - 11.45% Rs.2,117 - Rs.2,197 *Avail 100% waiver of processing charges under Grand Festive offer from 01.10.2016- to 31.12.2016.
Bank of India 9.50% Rs.2,100 1% of loan amount, Min Rs.500 or Max Rs.10000 plus S.Tax
United Bank of India 10.00% - 10.50% Rs.2,125 - Rs.2,149 0.50% of the loan amount sanctioned subject to minimum of Rs.500 and maximum of Rs.10,000
Syndicate Bank 10.10% Rs.2,130 N.A
State Bank of Travancore 10.10% - 15.35% Rs.2,130 - Rs.2,397 0.23% of the loan amount with a minimum of Rs.50 and a maximum of Rs.1000
Dena Bank 9.85% - 9.95% Rs.2,117 - Rs.2,122 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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