Car Loan Interest Rates Banks/Rates |
New Car Loan (Reducing) | Used Car Loan (Reducing) | Processing Fee | Apply |
HDFC Bank | 11.50% - 12.25% | 15.25% - 17.75% | ||
(From 49 - 60 months), | (60 months), | |||
11.50% - 12.25% | 15.25% - 17.75% | |||
(From 36 - 48 months), | (48 months), | Rs 2325/- to Rs. 4275/- | ||
11.25% - 12.00% | 15.25% - 17.75% | |||
(Upto 36 months) | (36 months), | For Corporates | ||
15.75% - 18.25% | Rs.1500 | |||
Corporate Rates | (24 months), | |||
10.50% to 12.50% | 15.75% - 18.25% | |||
(From 36 - 60 months) | (Upto 12 months) | |||
Corporate Rates | ||||
13.50% - 14.25% | ||||
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 | 13.25% | N.A | 0.75% (Upto 15Lacs), Max Rs.10000 | |
0.5% (Above 15 Lacs), Min Rs.10000, No Maximum Limit | ||||
Canara Bank | 12.50% (Fixed) | N.A. | 0.1% of loan Amount (Minimum Rs. 250 ,Maximum Rs.500) | |
Corporation Bank | 12% - 12.50% | |||
11.35% - 11.70% | ||||
(for SRTOs | ||||
Covered under CGTMSE) | N.A. | 0.5% of loan Amount | ||
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/- | |
ICICI Bank | 11.50% - 14.75% | |||
(From 36 - 60 months), | 16.50% - 18.50% | Rs.2500/- to Rs.5000/- | ||
13.75% - 16% | ||||
(From 24 - 35 months), | ||||
15.75% - 17% | ||||
(Upto 23 months) | ||||
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 | 11.70% to 12.20% | |||
(upto & including 36 months) | ||||
12.20% to 12.70% | ||||
( Above 36 months to 60 months) | 15.70% - 16.20% | Rs1685/- to Rs 2808/- |
Monday 22 October 2012
Car Loan Interest Rates
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