Car Loans Interest Rates
(Last edited on : 11 August 2011)
| Banks/Rates | New Car Loan (Reducing) | Used Car Loan (Reducing) | Processing Fee | Apply |
| ICICI Bank | 11.00% - 12.75% (From 36 - 60 months) 13.25 - 14.25% (From 24 - 35 months), 15.25% (Upto 23 months) | 16.00 - 17.50% | Rs.2500/- to Rs.5000/- | |
| HDFC Bank | 15.75% (above 60 months), 11.50% -14.25% (From 36 - 60 months), 13.75% -14.75% (From 24 - 35 months), 15.75% -16.25% (from 12 - 23 months) Corporate Rates 11.50% - 12.25% (From 49 - 60 months), 11.50% - 12.25% (From 36 - 48 months), 11.25% - 12.00% (Upto 36 months) | 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 13.75% - 15.25% (From 36 - 60 months), | Rs 2325/- to Rs. 4275/- | |
| Kotak Mahindra | 11.50% - 13.50% | 17% - 20% | Rs.3300/- to Rs.4750/- | |
| Axis Bank | 11.50% - 14.50% | 16.50% - 18% | Rs.3000/- to Rs.3500/- | |
| State Bank of India (SBI) | 11.75% | 16.75% - 17% | 0.5% of loan Amount | |
| Bank Of India | 12.50% - 13.50% | 13.50% - 14% | a) Loans upto Rs.25,000/- - one time Rs.1,000/- b) Loans above Rs.25,000/- upto Rs.25 lacs - one time 1.10% of loan amount - Min.Rs.1,500/- & Max. Rs.5,000/- c) Loans above Rs.25 lacs - one time 0.25% of the loan amount Max.15,000/- | |
| Federal Bank | 12% - 12.50% (upto & including 36 months) 12.50% - 13% ( Above 36 months to 60 months) | 15.22% - 15.72% | Rs 1655/- to Rs 2758/- |
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.