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Car Loans Interest Rates(Last edited on : 09 August 2011) |
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| Banks | New Car Loan (Reducing) | Used Car Loan (Reducing) | Processing Fee |
| 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) | 11.50% | 16.50% (up to 3 years)
16.75% (above 3 years) | 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/- |
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| Courtesy : deal4loans.com |
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