Car Loans Interest Rates

(Last edited on : 09 August 2011)
 
BanksNew 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 Mahindra11.50% - 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/-
 
Courtesy : deal4loans.com
 
 
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