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Banks/Rates HDFC Bank Magma Fincorp Axis Bank State Bank of India (SBI)
New Car Loan (Reducing)
10.75% - 12.50%

10.75% - 12.00%

11.50% - 14.50% 10.45% p.a. ( for MEN)
10.40% p.a. ( for WOMEN)
Used Car Loan (Reducing) 13.5% - 14.25% NA 16.50% - 18% 17.25% (up to 3 years)
17.50% (above 3 years)
Processing Fee Rs 2625/- to Rs. 4950/- - Rs.3000/- to Rs.3500/- 0.51% of loan amount, minimum Rs. 1020/- and maximum Rs. 10200/-
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