Close Lightbox
Car loan interest rate | Car loan | Home loan | Personal loan | Education loan

Car Loan Interest Rate

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/-
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) 10.95% 17.25% ( Upto 36 Months)

17.50% ( Above 36 months)
0.5% of loan Amount
Bank Of Baroda 10.5% N.A. 0.75% (Upto 15Lacs), Max Rs.10000

0.1% of loan Amount (Minimum Rs. 250, Maximum Rs.500)
Canara Bank 10.7% N.A. 0.1% of loan Amount (Minimum Rs. 250, Maximum Rs.500)
Corporation Bank 10.75% (upto 50 lacs) 

11.25%(above 50 lacs)
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 11.5%) 16.50% - 18% Rs.3500/- to Rs.5500/-
ICICI Bank 10.75% - 12.50% (From 36 - 60 months),

12.20% - 14.50% (From 24 - 35 months),

12.75% - 15% (Upto 23 months
13.75% - 17% Rs.2500/- to Rs.5000/-
Bank Of India 10.65% 11.45% (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 11.30% - 12.30% 15.45%-15.95% Above 5 lacs - 2500/-