Car Loan Interest Rates
Banks/Rates | New Car Loan (Reducing) | Used Car Loan (Reducing) | Processing Fee |
HDFC Bank | 10.75% - 12.50% | 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) | 10.75% | 17.25% ( Upto 36 Months) 17.50% ( Above 36 months) |
0.5% of loan Amount |
Bank Of Baroda | 10.50% | N.A. | 0.75% (Upto 15Lacs), Max Rs.10000 0.5% (Above 15 Lacs), Min Rs.10000, No Maximum Limit |
Canara Bank | 10.45% ( Upto 36 Months) 10.70% ( Above 36 Months) |
N.A. | 0.1% of loan Amount (Minimum Rs. 250 ,Maximum Rs.500) |
Corporation Bank | 10.50% - 11.00% | 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% | 16.50% - 18% | Rs.3500/- to Rs.5500/- |
ICICI Bank | 11.50% - 14.25% (From 36 - 60 months), 13.75% - 15.50% (From 24 - 35 months), 15.75% - 16.50% (Upto 23 months) |
15.50% - 18% | Rs.2500/- to Rs.5000/- |
Bank Of India | 10.55% (UNDER FESTIVE OFFER UPTO 31.12.2013) |
11.70% (Upto 3yrs) | a) Loans upto Rs.25,000/- - one time Rs.1,000/- b) Loans above Rs.25,000/- upto Rs.25 lacs - one time 1% of loan amount - Min.Rs.2,000/- & Max. Rs.10,000/- c) Loans above Rs.25 lacs -one time Max.15,000/- |
Federal Bank | 11.20% - 12.20% | 15.45%-15.95% | Rs 1685/- to Rs 2808/- |
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